The Central Depository Company (CDC) of Pakistan has taken a significant leap towards modernizing shareholder engagement with the launch of an electronic voting service.
(more…)Author: Hamza Shahnawaz
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FBR notifies removal, reduction of RD on raw materials
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector.
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Rupee recovers against dollar in early trading
The Pakistani Rupee (PKR) showed signs of resilience as it recovered six paisas against the US Dollar in early trading on Tuesday, marking a positive shift in the foreign exchange market, according to dealers.
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Moody’s downgrades rating for Pakistan banks
Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.
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Equity Market Declines 591 Points Despite Positive UAE Reports
KARACHI: The Pakistan Stock Exchange (PSX) experienced a downturn of 561 points on Monday, closing at 40,327 points, down from the previous session’s 40,887 points, despite positive developments from the Government Summit in the UAE.
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Rupee falls 54 paisas to dollar on payment demand
KARACHI: The Pakistani Rupee experienced a decline of 54 paisas against the US dollar on Monday, signaling increased demand for imports and corporate payments, according to market dealers.
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CNG stations to remain closed for further 24 hours
KARACHI – Sui Southern Gas Company (SSGC) announced on Friday that Compressed Natural Gas (CNG) stations will remain closed for an additional 24 hours as part of gas load management.
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KSE-100 index falls by 483 points in mid-day trading
KARACHI – The Pakistan Stock Exchange (PSX) experienced a significant downturn today as the benchmark KSE-100 index plummeted by 483 points or 1.17 percent at 12:00 PM, currently trading at 40,850 points.
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Engro Foods’ after tax annual profit falls by 83pc
KARACHI – Engro Foods Limited, a prominent player in the Pakistani dairy industry, has announced an 83% decline in net profit for the fiscal year 2018, according to financial statements submitted to the Pakistan Stock Exchange (PSX) on Friday.
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Rupee weakens against dollar in early trading
KARACHI – In the early trading hours on Friday, the Pakistan Rupee faced a decline of six paisas against the US dollar, reaching Rs138.30 in response to increased demand for import and corporate payments.
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