Maple Leaf Cement Factory Limited (MLCF) has acquired control of Pioneer Cement Limited (PIOC) after completing a public offer and additional share purchases, raising its collective shareholding to 88.28%, rendering PIOC its subsidiary. MLCF disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Monday. “MLCF hereby submit that we have fulfilled all obligations as stip
The Pakistan Telecommunication Authority (PTA) has assured that it will address recent concerns raised on social media regarding mobile tariffs, service quality, and unauthorised deductions, reaffirming its unwavering commitment to consumer protection. To create a structured and fair tariff framework, PTA has notified the Mobile Tariff Regulations, 2025, said a news release. Under these regu
The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry has raised serious doubts over the government’s ability to achieve the 3.2 per cent growth target projected under the International Monetary Fund programme, warning that worsening poverty indicators, declining investment, falling exports and record government borrowing present a far grimmer economic picture
The dollar fell on Monday as traders took the US Supreme Court’s decision to strike down most of President Donald Trump’s tariffs as supportive for global growth, though confusion and risk of conflict in the Middle East kept moves relatively small. The euro was up 0.4% to $1.1823 and sterling rose by a similar margin to $1.3521 early in Asia trade, which was lightened a little by a holiday in J
Gold prices climbed to a more than three-week high on Monday as uncertainty stoked by the US Supreme Court’s decision to strike down a vast swathe of President Donald Trump’s tariffs pressured the dollar and pushed investors to the safety of bullion. Spot gold climbed 1.1% to $5,161.64 per ounce by 0419 GMT, earlier hitting its highest since January 30. US gold futures for April delivery wer