Business

Business

Govt to divest its shares in Allied Bank ltd. by December

The Cabinet Committee on Priva­ti­sation (CCoP) on Wednesday app­roved the transaction structure for the divestment of government’s residual shares in…

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Sukuk yields a massive $1bn in international bond market

Pakistan raised $1 billion from the international Islamic bond market yesterday by selling its Sukuk papers at 6.75 per cent…

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Low prices attract buyers on cotton market

Falling lint prices attracted strong buying from spinners and exporters yesterday amid indications that the crop size could be much…

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Coming soon: Sindh Microfinance Bank

Sindh Microfinance Bank will be set up soon to provide soft-term loans to low income groups in the province, said…

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Ferozsons stock hits three ‘upper locks’ at KSE

Pharmaceutical company Ferozsons Laboratories has grabbed the spotlight with its stock hitting three ‘upper locks’ in as many sessions, adding…

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Sukuk issue draws strong investor response

Pakistan has set final guidance of 6.75-6.875 per cent on five-year US dollar benchmark sukuk, according to a lead. The…

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Ginger (adrakh) price may fall as supply resumes

Wholesalers of ginger at Super Highway Sabzi Mandi decided to resume trading from Tuesday night after a lapse of five…

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Textile exports go up in October

Pakistan’s export of textile and clothing increased by 6.51 per cent in October 2014, reviving hopes of better export proceeds…

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Bears rule at KSE

Stocks exten­ded losses yesterday with the KSE-100 index shedding another 93.22 points to close at 31,223.74. The market opened on…

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