The stock market on Wednesday continued its winning streak for the seventh straight session on higher remittances, briefly crossing 86,000 intraday on easing political tensions and specula-tions of robust corporate earnings. However, despite aggressive foreign selling, the index scaled an all-time high with meagre gains. Ahsan Mehanti of Arif Habib Corporation said stocks hit a new high aid
IT is odd that the government has recruited former State Bank governor Reza Baqir as a consultant to work on building its Sovereign Wealth Fund. Baqir has little experience building organisations. Besides, his tenure at the State Bank has left a legion of unanswered questions. Baqir entered the State Bank amid high inflation and an abrupt change of guard at the finance ministry, when Asad Umar
A high-powered delegation of Saudi Arabia led by its Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh arrived here on Wednesday on a three-day official visit. Federal Minister for Board of Investment, Privatisation & Communications Abdul Aleem Khan, Minister for Trade Jam Kamal Khan and Minister for Petroleum Mohammad Musadik Malik along with senior officials received Saudi Arabia’
Engro Fertilisers has launched UgAi, the first integrated agri e-commerce platform of Pakistan, to offer farmers relief by enabling direct purchase of fertilisers at official prices from the company. In the first phase, the app was launched for farmers in Sindh, and there are plans for a nationwide rollout soon. With the UgAi app, Engro Fertilisers will deliver fertilisers straight from its
As the government gears up to terminate key agreements prematurely this month, several independent power producers (IPPs) have called emergency meetings to review the development. In a stock filing on Wednesday, Hub Power Company Limited (Hubco) announced that its board of directors will hold an urgent meeting on Thursday (today). The board will review the terms for the early termination of