2 April 2024

Agritech Ltd Converts Preference Shares into Ordinary On Bank Alfalah’s Request

Agritech Limited (PSX: AGL) has complied with a request made by Bank Alfalah Limited (PSX: BAFL) for conversion of its preference shares into ordinary shares, the company informed the main bourse on Tuesday.

Vice President JS Global Waqas Ghani told…

Karachi Traders to Meet Tomorrow to Discuss FBR’s New Tajir Dost Registration Scheme

Karachi traders have called a meeting on April 3 (Wednesday) to discuss the new Tajir Dost registration scheme of the Federal Board of Revenue (FBR).

According to Mahmood Hamid President of small traders Karachi, the government has introduced the co…

Pak Rupee Jumps 10th Day in a Row Against US Dollar, Other Currencies

The Pakistani rupee rose higher 10th day in a row against the US Dollar after opening trade at 278 in the interbank market.

It was bullish against the greenback today.

The interbank rate stayed at 278 most of the day before closing at the 277 level…

Pakistan to Get Costly $500 Million Loan From ADB

The federal government has decided to get a $500 million loan from the Asian Development Bank (ADB).

The Central Development Working Party (CDWP) has approved the concept proposal for this loan under the Promoting Sustainable Public-Private Partners…

Cement Sales Increase by 4% During March

Cement sales in Pakistan increased by 3.85 percent in March 2024 on a year-on-year basis, according to data released by the All Pakistan Cement Manufacturers Association

The total cement despatches during March 2024 were 3.941 million tons against 3…

Petroleum Sales Drop By 11% in Nine Months of FY24

The total sale of petroleum products during the first nine months of FY24 reduced by 11 percent YoY to 11.34 million tons vis-à-vis 12.80 million tons in SPLY.

Product-wise data shows a fall in all categories; the volumetric sales of MS, HSD, and FO…