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Unilever agrees to pay Rs50bn in stock buy-back
KARACHI, April 2: Unilever Overseas Holding Limited, the parent company of Unilever Pakistan on Tuesday conveyed its acceptance of the repurchase price of Rs15,000 per share of Unilever Pakistan...
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Attock Petroleum to bid for Chevron
KARACHI, April 8: Attock Petroleum Limited (APL) would participate in the bidding for acquisition of Chevron (formerly Caltex Oil Pakistan Limited) marketing affiliates in Pakistan, which includes 100...
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PSO, KP sign MoU for $800m refinery
PSO. —File Photo KARACHI: Pakistan State Oil signed a Memorandum of Understanding (MoU) with the Government of Khyber Pakhtunkhwa (GoKP) for the establishment of an oil refinery in the province. The...
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‘Long’ on promises
Brokers and business analysts inside the Karachi Stock Exchange. – File photo by AFP KARACHI: After having been in the stock broking business for over two decades, the veterans at the market are...
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NIT pays off Rs12bn loan
KARACHI, April 20: The National Investment Trust (NIT), the country’s largest mutual fund, has paid around Rs12 billion of the loans due to the institutions which had contributed Rs17.2 billion for...
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Consumer goods companies rake in profits
KARACHI, May 1: The fast moving consumer goods (FMCG) companies are doing a roaring business. The Karachi Stock Exchange, which lists 26 consumer goods companies have seen stock prices climb on average...
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An open secret
IS there a role of corporate money in election campaigns? If you ask some business baron, he would feign ignorance. But corporate spending in favour of a political party or a contestant is sometimes...
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Fall in growth of corporate profitability
WITH the spring results reporting season now all but over, corporate profitability has turned out to be generally disappointing for the first quarter of the year, January-March 2013. Markets were in...
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Second brokerage house goes broke
Earlier Moosa, Noor Mohammad, Shehzad (MNS Securities (private) Limited) had made good their escape with Rs600m of stockholders’ unsettled claims.— File Photo KARACHI: Unable to stand the heat at the...
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Outlook for economic revival
THE gain of one stock broker is sometimes the loss of another, which is why market participants have a penchant to disagree. Yet, when it comes to Pakistan Muslim League-Nawaz’s thumping victory in the...
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Offshore ‘smart money’ in equity market
FOREIGN investors have pumped a robust $285 million into the Pakistani equity market in fewer than five months of the current calendar year. They are therefore regarded as the leaders of the...
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Pakistan investment moot opens tomorrow in NY
KARACHI, June 1: The two-day Pakistan Investment Conference is to begin on Monday in New York. It is the fifth annual event which provides opportunity to top executives mainly in the listed Pakistani...
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No change in corporate tax
A former official in the finance ministry in the previous government of Nawaz Sharif indicated a week ago that the principal demand of stock exchanges was unlikely to be met in the 2013-14 budget....
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Corporate sector braces for more taxes
KARACHI, June 8: When Finance Minister Ishaq Dar struts to the rostrum to deliver his budget speech on June 12, he is likely to be greeted with cheers and smiles. The ‘business-friendly’ government...
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Investors pour billions in stock market
– File Photo The trouble with the stock market is that it is almost always impossible to precisely predict its peak. The spectacular rise in share prices at the Karachi stock market is making...
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Economic survey prepared in haste?
KARACHI, June 11: The slip of the tongue at various places and more importantly the out-dated figures provided in the “overview of the economy” in Economic Survey 2012-13 give an insight into the...
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Stock investors hail tax cut
KARACHI, June 12: Investors in Pakistan equity market rejoiced over the government’s decision to reduce the corporate tax rate by one per cent to 34 per cent effective from 2014-15. Finance Minister...
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Investors make hay while the sun shines
INVESTORS will long remember the huge stock market rally that on Thursday propelled the KSE-100 index by 433 points to its all-time high of 22,758 points. The rally was triggered by enthusiastic...
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Clariant to spin-off eight of 11 segments
KARACHI, June 22: The Clariant Pakistan Limited — a quiet unit on the chemical sector of the KSE — has been in the spotlight for its decision to spin-off all but three of the 11 business units to a...
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Revenue measures that could backfire
TRAINED to sniff the trail of the unusual, professional accountancy and consultancy firms were the first to dig deeper into a largely harmless-looking budget 2013-14. On the morning following the...
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