SECP has made high-value illiquid assets accessible to smaller investors under a concept note on “Asset Fractionalization”. In line with SECP’s continuous efforts for modernizing the corporate sector and making it more inclusive, SECP has published a concept note on “Asset Fractionalization”, which is now open for public comments. The aim of exploring the potential…
Engro Fertilizer has increased the price of urea by Rs 100 per bag today to put more burden on the farmers. The price of urea has gone up to Rs 2017 per bag from Rs 1917 per bag, effective from April 21, 2022. Engro is a company that had billions through the sale of urea…
Car sales of local assemblers are likely to grow by 29% to 25,720 units in March 2022. The sales stood at 20,009 units during the same month last year, led by Pakistan Suzuki (PSMC). Barring PSMC, sales growth may slow down at 9%. Our estimates include provisional sales of major local players listed…
Member Public Accounts Committee (PAC) Khawaja Asif has alleged the import of 10,000 CBU MG vehicles through under-invoicing. However, no action has been taken against them so far. The Federal Board of Revenue (FBR) Chairman informed a parliamentary panel on Wednesday that the process of verifying under-invoicing by MG Motors is going on despite the…
Islamabad: Pakistan’s first ever Petrochemical symposium took place in Islamabad. Speakers at this ground breaking symposium highlights the potential of this segment and urge the government to give a well thought out long term and transparent policy to attract utilize the mega investment in PetroChemical sector to create jobs and provide imports substitution to help…
Pakistan exports to the European Union (EU) have increased by 86% from 2013 to 2021 due to EU GSP Plus mutually beneficial agreement leading to exports increase for both Pakistan and EU. According to highlights of GSP Booklet, EU GSP Plus is a mutually beneficial arrangement leading to exports increase for both Pakistan and the…
Pakistan’s first petrochemical symposium will take place on Thursday at a local hotel in Islamabad to initiate a conversation and spark interest in Pakistan’s petrochemical industry to attract multi-billion dollars investment. The Overseas Investors Chamber of Commerce and Industries, Board of Investment, Pakistan Business Council, and Pakistan Chemical Manufacturers Association are supporting the event, which…
News Report Assistant U.S. Trade Representative (AUSTR) for South and Central Asia Christopher Wilson held a meeting with Pakistani businessmen to share ideas to boost bilateral trade relations. U.S. Embassy Islamabad Chargé d’affaires Angela P. Aggeler has hosted a roundtable in this regard. The purpose was to bring together leaders of major U.S. and Pakistani…
Prime Minister Imran Khan on Monday announced to reduce the price of petroleum products by Rs 10 per liter and Rs 5 per unit in electricity prices. In his address to the nation, the premier announced the good news. “In the Nawaz and Zardari era more than 400+ drones attacks were carried out, never they…
News Report The stock market of Pakistan opened on a negative note on the backdrop of the ongoing conflict between Russia and Ukraine and increased political noise, as the index declined to make an intraday low of 339 points (down by 0.77%). However, some recovery was observed in the latter hours of trade, as value…