Advisor to the Prime Minister on Privatisation Muhammad Ali said the government is trying its level best to get rid of loss-making state-owned enterprises, which created a huge financial burden on the national exchequer. The advisor stated this while addressing the ICAP CFO Conference 2026 held under the theme of “The New Playbook – Adapt, Innovate, Elevate” here on Thursday. He said that to ca
Colgate-Palmolive (Pakistan) Limited (COLG) plans to acquire land, a manufacturing facility, and related assets at Port Qasim, Karachi, from Procter & Gamble (Pakistan) Limited. The listed FMCG disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “This is to inform you that the Board of Directors of Colgate-Palmolive (Pakistan) Limited has approved to negotia
Pak Suzuki Motor Company Limited, a subsidiary of Suzuki Motor Corporation in Pakistan, has introduced a biogas plant with a capacity of 100 cubic meters per day and a solar power generation system with an output capacity of 920kW at its manufacturing plant, and both facilities have commenced operation. The biogas plant and solar power generation facilities form part of Pak Suzuki’s initiatives
Buying interest returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,000 points during the opening minutes of trading on Thursday. At 9:35am, the benchmark index was hovering at 168,449.14, an increase of 998.01 points or 0.60%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration co
Preparations for the upcoming federal budget for fiscal year 2025-26 are underway, with the government reviewing key fiscal plans in coordination with the International Monetary Fund (IMF). Finance Minister Muhammad Aurangzeb, today briefed the visiting IMF Mission on Pakistan’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable