Hubco Sukuk and Growth Plan

Karachi: The Hub Power Company Limited through its wholly owned subsidiary, Hub Power Holdings Limited, is in the process of finalising issuance of an Islamic Shariah compliant sukuk. This represents Hubco’s keen interest in promoting and supporting the Islamic financing options and the local financial industry. This proposed sukuk in… Continue reading

FPCCI warns rising inflation to hurt economic growth in post corona slowdown

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCC) has warned that continuous borrowing from International Monetary Fund (IMF) was the primary reason of ticking inflation, which would hurt economic growth in the country in post-corona slowdown. “Continuous borrowing from International Monetary Fund (IMF) for financial assistance brought… Continue reading

SBP launches digitization of FX regulatory approvals

KARACHI: Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end digitalization of Foreign Exchange (FX) related case submission process today in a ceremony held in Karachi. At the invitation of Governor Baqir, Dr. Ishrat Husain, Advisor to the Prime Minister on Institutional Reforms and Austerity and the… Continue reading

FPCCI ANNOUNCES ELECTION SCHEDULE FOR THE YEAR 2021

Karachi: The Executive Committee of the FPCCI in its Meeting held on 14th October 2020 has approved with majority the Schedule for Election of the Office Bearers of FPCCI for the year 2021. The Polling will be held on Wednesday, 30th December 2020 to elect the President, Senior Vice President… Continue reading

Lucky Cement Limited Awarded For Best Corporate Report

Karachi: Lucky Cement Limited (PSX: LUCK) has won the Best Corporate Report Award with the second position in the Cement category at the much anticipated “Best Corporate & Sustainability Report Awards 2019.” The recognition was jointly announced by the Institute of Charted Accountants of Pakistan (ICAP) and Institute of Cost… Continue reading

Agha Steel’s General Public Subscription to continue on 14th and 15th October

Karachi: Agha Steel Industries’ general public subscription of the 30 million shares (25% of the total offer size) will begin on 14th October (today) and conclude on 15th October at the price of Rs32. The book-building phase of the Initial Public Offer (IPO) of Agha Steel concluded last week which… Continue reading

SRB to provide tax relief to Corona affected sectors

Khurram Ijaz Vice President FPCCI While appreciating the performance of the Sindh Revenue Mr. Khurram Ijaz Vice President of the Federation of Pakistan Chambers of Commerce and Industry stated that the pandemic COVID-19 has badly affected trade and industry, while recent urban flooding has damaged inventory and markets that need… Continue reading