Business
EFP, PRGMEA form GSP Plus Committee
Karachi, September 30, 2020: Employer’s Federation of Pakistan and Pakistan Readymade Garments Manufacturers and Exporters Association have formed the EFP-PRGMEA GSP Plus Committee to sensitize the government and others to wake up and immediately start the campaign to ensure that European Union continues to grant GSP Plus status to Pakistan for another ten years from…
Agha Steel signs Rs10 billion MoU with Horizon Steel
Karachi, September 28, 2020: Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10 billion per annum to Horizon Steel. The two companies have signed a memorandum of understanding (MoU) that ensures Agha Steel will reliably supply the intermediate steel product that the downstream steel industry uses as…
PSX index closed on negative 900pts unadjusted
Karachi, September 28, 2020: Last week’s rollover session had its trickle down impact on today’s trading session as well, primarily due to low settlement ratios. On top of it, political uncertainty caused by arrest of Opposition leader also caused ripples that resulted in index losing 1056 points during the session. The index closed -900 points….
Lucky Cement voted as Pakistan’s most outstanding company in Materials Sector by Asiamoney
Karachi, September 29, 2020: Lucky Cement Limited was recognized by Asiamoney under its Asia’s Outstanding Companies Poll 2020 for Materials sector in Pakistan. Asia’s Outstanding Companies Poll recognizes publicly listed companies across the region for their excellence in a variety of business areas and markets. The results recognized 140 companies as being the most outstanding…
PSX index closed today with positive 52pts
Karachi, September 17, 2020: The benchmark index opened positive and touched a high of +350 points. The market remained in the green throughout the day and closed at 42,335 (+52 points) level. Overall volumes stood at 509 million shares, while value traded stood at US$91 million. PTC (8.8 percent), UNITY (3.2 percent), FFL (2.3 percent)…