KARACHI: The government raised more than double the target set for the auction of treasury bills held on Wednesday. The cut-off yields on three-month and 12-month tenors were reduced by 27 and three basis points, respectively, while the rate on benchmark six-month T-bills remained unchanged. The yields on three, six and 12 months were 21.4pc, 20.4pc and 20.3pc, respectively. The auction once
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has filed four criminal complaints against individuals involved in manipulating stock prices, including sponsors and brokerage house management. The complaints filed at the Banking Offence Court Lahore against the accused individuals have been admitted. The cases have been filed after the investigations by the Supervision D
KARACHI: In the wake of the upgradation policy, refineries have initiated to comply with Euro-V specifications, maximise the output of petrol and diesel and minimise the production of furnace oil (FO). “The upgradation policy is anticipated to enable refineries to increase total production of petrol (99 per cent) and diesel (47pc). The production of furnace oil is expected to reduce by 78pc,” s
KARACHI: Shell Pakistan Ltd (SPL) posted a profit-after-tax of Rs5.8 billion during 2023 compared to a loss of Rs72 million in 2022 as sales rose to Rs438bn from Rs418bn. In October 2023, Shell Petroleum Company Ltd, a subsidiary of Shell plc (Shell), signed an agreement to sell its 77.42pc majority interest in SPL to Wafi Energy LLC. The completion of the transaction is subject to requisite re
KARACHI: State Bank of Pakistan Governor Jameel Ahmed has said that the unprecedented volume of data generated by digital devices underscores the potential of effective data utilisation in contributing to sustained economic growth. He stated this while delivering an inaugural speech at the SaarcFinance Seminar on the ‘Potential Role of Big Data in Economic Policy’ on Wednesday. The event, he