Business
Hubco issues one of the largest Right Shares in Pakistan Stock Exchange
Funds will be utilized to increase the company’s shareholding in China Power Hub Generation Company (CPHGC) from 26 percent to 47.5 percent”. The power generation capacity of the Company will enhance to over 3580MW after completion of all its power projects. Karachi, July 04, 2018: The largest independent power producer of Pakistan, The Hub Power Company…
IMF board approves US$6 bln 39-Month loan for Pakistan
The approval will unlock from Pakistan’s international partners around US$38 billion over the program period. Washington (US), July 3, 2019: The Executive Board of the International Monetary Fund (IMF) on Wednesday approved a 39-month extended arrangement under the Extended Fund Facility (EFF) for Pakistan for an amount of SDR 4,268 million (about US$6 billion or…
Govt committed to upgrade Natural History Museum to educate citizens: Fawad
Islamabad, July 03, 2019: Minister for Science and Technology Chaudhry Fawad Hussain Wednesday said that the government was committed to upgrading the Pakistan Museum of Natural History (PMNH) to educate and make people aware through the dimension displays and dioramas. Addressing the participants of 15-day International Training Workshop ‘Design, Survey and Analysis of Wildlife Populations,…
SBP governor meets international investors
Islamabad, July 3, 2019: A Foreign Asset Manager posted the following about the SBP Governor on a roadshow in London. “Citi Bank London arranged Reza Baqir’s meeting today with investors including asset managers, hedge funds & other institutions. RB went over & above his mandate to sell a story of institutional reform, austerity & most…
VIS Reaffirms Entity Ratings Of Meezan Bank Limited
Karachi, July 02, 2019: VIS Credit Rating Company Limited has reaffirmed the entity ratings of Meezan Bank at ‘AA+/A-1+’ (Double A Plus/ A-One Plus). VIS has also reaffirmed ratings of the outstanding Basel 3 Compliant Tier 1 and Tier 2 Sukuk of Meezan Bank at ‘AA-’ (Double A Minus) and ‘AA’ (Double-A) respectively. Outlook on the…