The top 100 performing companies listed on the Pakistan Stock Exchange (PSX) have reported a 25% increase in their net profit to Rs1.3 trillion in the first nine months of the current fiscal year 2023-24 compared to the same period last year. This surge in profit coincides with Pakistan’s stock market becoming the world’s best-performing market, according to Bloomberg data. The increase in p
Hafiz Muhammad Usman, currently a post-doctoral fellow at Guizhou University, expresses deep gratitude for the opportunity to introduce advanced agricultural technologies acquired in China to his native Pakistan. Since its inception in 2017, Guizhou University has spearheaded the “PhD Village Chief” programme, extending invitations to doctoral students, postgraduates, and undergraduates to part
Cement manufacturers have expressed serious concern over the “deteriorating law and order situation”, which is putting at stake their heavy investment in expansion of production capacity. “Law and order situation in Dera Ismail Khan, Dera Ghazi Khan, Kohat, Mianwali and adjacent areas has jeopardised day-to-day operations of cement units there,” said a spokesman for the All Pakistan Cement Manu
TPL Real Estate Investment Trust (REIT) Fund-I is scheduled to offer a minimum of 1.25% (22.94 million) units at Rs17.59 per unit to the general public with the aim of raising Rs403 million in the ongoing week at the Pakistan Stock Exchange (PSX). Fund runners may opt for selling an additional 1.22% (22.39 million) units through unlocking a green shoe option, taking total fund raising to a maxi
Intelligence agencies have unearthed a racket involving 738 petrol filling stations, smugglers and officials, who collaborated to smuggle the Iranian petroleum products, inflicting an annual loss of Rs227 billion to the national exchequer. Some 533 petrol pumps, 100 corrupt officials and 105 Iranian oil smugglers are part of this racket, who have indulged in illegal trade of petroleum products.