Foxlink and Yongwei to sell Shinfox stake
Foxlink and Yongwei plan to sell their shares in Shinfox Energy through a tender offer, reducing financial losses.
Tag
Global Markets
London Stock Exchange Faces Further Losses as Deals Exceed $100bn
Three more London-listed companies are set to be taken over, pushing the value of deals to over $100bn this year.
European stocks stable despite bond selloff; Reckitt, Air Liquide gain
European shares remain unchanged as bond yields hit new highs, with Reckitt Benckiser and Air Liquide seeing gains.
SECP Wins International Award for Women’s Insurance Policy
The Securities and Exchange Commission of Pakistan has received an international award for its proposed policy to expand insurance access for women…
Gold prices drop by Rs800 to Rs465,336 per tola
Gold prices in Pakistan have decreased by Rs800 to Rs465,336 per tola, effective Tuesday.
Chicago wheat futures fall as Turkey prepares Black Sea grain passage plan
Chicago wheat futures fell 0.29% as Turkey prepares a plan for the safe passage of grain via the Black Sea, while soybeans…
Gold prices fall in Pakistan as international rates decline
Gold and silver prices in Pakistan decline as international rates drop.
Pakistan’s Domestic Gas Production Set to Halve by 2034
Domestic gas production in Pakistan is projected to decline significantly by 2034, with the government considering reforms to improve sector efficiency.
Fauji Foundation Takes Control of Askari General Insurance
Askari General Insurance transfers 51 percent stake to Fauji Foundation, no change in market or competition.
EU suspends Brazilian meat imports due to antibiotic concerns
The EU will suspend imports of Brazilian meat and animal products due to antibiotic compliance concerns.
Iran confident of foreign currency despite US sanctions
Iran's central bank governor says the country has sufficient foreign currency reserves despite US sanctions.
Shipping Costs Surge 200% for Pakistani Exporters to US
Shipping rates from Pakistan to the US have increased by over 200%, impacting exporters and competitiveness.
US stock markets decline amid oil price surge and Fed rate hike concerns
US stock markets fell as oil prices surged due to military strikes between the US and Iran, and Federal Reserve Chair Kevin…
Pakistan’s Higher Education System Struggles with Outdated Curricula and Budget Shortfalls
87% of local employers find university curricula obsolete, and public education spending has dropped to 0.8% of GDP, hindering quality education.
Government Adjusts Petrol and Diesel Prices
Petrol price increased by Rs0.77 per litre, while HSD price decreased by Rs1.03 per litre in Pakistan.
Pakistan loses USD2 billion annually to post-harvest crop losses
ADB report highlights post-harvest losses, infrastructure gaps and calls for strategic investment in Pakistan's agriculture sector.
Pakistan and China to Explore Joint Venture in Baby Diaper Manufacturing
PCJCCI initiates B2B meeting between Chinese and Pakistani representatives to explore joint venture opportunities in baby diaper manufacturing.
Sapphire Fibres Joins Bid for FESCO Privatisation
Sapphire Fibres Limited has entered the race to privatise Faisalabad Electric Supply Company (FESCO), following Nishat Group's bid.
Government Aims to Overhaul Gas Sector with New Pricing Model
Pakistan’s government introduces Multi Year Tariff (MYT) framework to improve financial sustainability and create a competitive gas market.
PSX sees sharp decline as selling resumes
The KSE-100 Index fell by over 700 points amid concerns over the Strait of Hormuz and US jobs data.