Business

Business

PC sets minimum price of PPL offer at Rs205

The minimum or floor price has been set at Rs205 per share for the divestment of 70.06 million shares, representing…

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UK’s first Islamic bond draws massive response

Britain became the first Western country to sell an Islamic bond on Wednesday, attracting 2.3 billion pounds ($3.9bn) in orders,…

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K-Electric approves Rs22bn Sukuk

The board of directors of K-Electric in a meeting yesterday “approved, in principle, the issue of KE Sukuk of up…

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T-bills fail to get good response from banks

The government failed to raise liquidity through market treasury bills as banks invested just Rs38 billion against a target of…

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Balochistan Assembly approves FY 14-15 budget of over 214 Billion

The Balochistan Assembly passed the provincial budget of over Rs214 billion for the next financial year yesterday. Adviser to Chief…

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Wall St Stock market edges higher despite weak GDP report

US stocks edged higher yesterday as investors continued to find value in equities over other asset classes despite the latest…

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EU/Pakistan to focus on increasing bilateral trade

Pakistan and European Union on Tuesday agreed on a comprehensive economic partnership, with a focus on increasing the volume of…

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Foreign investors reluctant to invest in financial sector despite high yields

The returns on investment in the country’s financial sector continue to be highly lucrative despite anaemic GDP growth rate for…

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Stocks break 29,000 points barrier in range-bound trading

Stock market was range-bound yesterday with the KSE-100 index oscillating narrowly between the day’s high and low. The index closed…

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