Business
Rs 100 bln allocates for Kamyab Jawan Programme to facilitate one million youth
Islamabad, December 24, 2019: An amount of Rs100 billion has been allocated for “Kamyab Jawan Programme” to facilitate one million youth across the country. According to an official PMYAP said this unique and ambitious programme aimed at providing soft loans to youth of the country and creating job opportunities for them with having follow up…
Pakistan equities closed Monday on a negative note
Islamabad, December 23, 2019: Pakistan equities closed Monday on a negative note with benchmark KSE100 Index shedding 825 points, closing at 40,008 level, down 2.0 percent. The market remained lackluster throughout the trading session after a hectic sell-off being observed. Moreover on the political front Indian and Pakistani troops exchanged fire in some areas along…
BASF construction chemical business sold at €3.17bln
Karachi, December 23, 2019: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the…
Pakistan Stock Exchange increased 178 points
Karachi, December 20, 2019: Market traded in the range of +399 points and -161 points during the two sessions, closing +178 points. Selling pressure was evident throughout but Oil chain, especially E&P stocks, staged good recovery by the end of session. Higher international oil prices kept investors’ interest alive. Other than oil stocks, yesterday’s detailed…
Closure of CNG stations will lead to further increase in gas prices circular debt
It will result in increase of smog in cities CNG Closure in Sindh is unfair In Punjab CNG Stations have deposited Billions as advance for the import of LNG. Ghiyas Paracha Karachi, December 20, 2019: Senior leader and Central Chairman of All Pakistan CNG Association Mr. Ghiyas Paracha has expressed his concerns that closure of CNG…