It is expected that at least two initial Indian public offers (subscription subscriptions) will be postponed with a combined value of $ 759 million, according to investment bankers, adding to an increasing number of companies that were delayed for the first time in the stock market due to the weak morale of investors. Avanse Financial … Read more
Islamabad: The group’s president and executive director of the group PTCL & UFONE, Hatem Bammerf, has sparked serious concerns about the long delay in agreeing to the proposed merger in PTCL-TELENOR Pakistan by the Competition Committee in Pakistan (CCP), and a warning that further mitigating the costs and financial arrangements associated with it will be … Read more
The Senate Standing Committee on Industries and Production has been informed that Stores Stores (USC) is preparing to close 1700 outlets and reduce its power operating by more than 11,000 employees as part of the long privatization process. The state-run retail chain is burdened by the obligations of 14 billion rupees, while the value of … Read more
The International Monetary Fund (IMF) and Pakistan made a great progress in discussions on the first review of the EFF Fund (EF) and a potential facility for flexibility and sustainability (RSF), but no agreement has been reached at the staff level (SLA). The International Monetary Fund team visited Pakistan from February 24 to March 14, … Read more
The Railways Minister Hanif Abbasi announced that the federal government is considering financing the main ML-1 railway project (ML-1), which has long been delayed with its own resources if external financing is not achieved. Speaking at the Lahore Railway Station, he admitted that the discussions about the ML-1 have remained for years and stressed the … Read more
IslamabadAfter a decade of the launch of the China -Pakistani economic corridor (CPEC) and the following 78 review meetings, it is still clear that Jawadar, the focus of this initiative, which is worth billions of dollars, is still struggling with the absence of the basic infrastructure, especially the reliable clean and electrical water. The last … Read more
The Islamabad High Court (IHC) has expressed its displeasure with the federal government for its failure to appoint a permanent Director General (DG) of Pakistan Standards and Quality Control Authority (PSQCA). During a hearing on Thursday, Justice Babar Sattar criticized the position remaining vacant for so long, noting that statutory appointments could not be postponed … Read more
Google and Facebook owner Meta Platforms have urged the Australian government to delay passage of a proposed bill that would ban most forms of social media access for children under 16, citing the need for further assessment of its potential impact. Prime Minister Anthony Albanese’s government plans to pass the legislation, considered among the world’s … Read more