The Federal Board of Revenue (FBR) has outlined a bold plan to address Pakistan’s significant revenue shortfall, ahead of an upcoming visit by an International Monetary Fund (IMF) delegation. This development comes at a time when Pakistan is struggling to meet critical financial commitments to secure International Monetary Fund support and stabilize its fragile economy. … Read more
The public offering of ordinary shares of Agritech Limited (AGL), managed by Integrated Equities Limited on behalf of Fauji Fertilizer Company Limited (FFC), has been successfully completed. “We would like to inform you that the acceptance period began on Thursday, December 12, 2024, and ended on Saturday, January 4, 2025,” the FFC said in a … Read more
Meta Platforms and Alphabet saw gains in their stock prices on Friday as uncertainty surrounding TikTok’s future in the US persists. Shares of Meta Platforms reached an all-time high of $629.78 during the day before settling at $622.85, up 2.3%. Alphabet shares also rose 1.1%, closing at $176.21. The rise in stock prices comes after … Read more
TRG Pakistan Limited announced that its partner, The Resource Group International Limited (TRGI), has finalized a definitive agreement with IBEX Limited, its Nasdaq-listed portfolio company. As part of the agreement, IBEX repurchased approximately 3.56 million of its shares from TRGI for a total transaction value of $70 million. TRG Pakistan Limited informed the Pakistan Stock … Read more
Stock brokers watch news on TV in a booth, during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan July 3, 2023. – Reuters Stocks on Monday surpassed a record high of 84,900, driven by a massive rally in the energy sector and growing optimism about potential interest rate cuts, traders said. The … Read more