Pakistan News

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  • 10 banks sign pact to create Pakistan Corporate Restructuring Company Ltd

    KARACHI: The country’s 10 banks signed an agreement on Friday to establish Pakistan Corporate Restructuring Company Ltd (PCRCL)...

    The shareholder agreement was signed by presidents and representatives from Habib Bank, National Bank of Pakistan, United Bank, MCB Bank, Allied Bank, Meezan Bank, Bank Alfalah, Bank Al-Habib, Habib Metropolitan Bank and Faysal Bank at the State Bank of Pakistan (SBP) headquarters...

  • Dutch company to acquire Engro Foods Ltd

    FrieslandCampina International Holding BV intends to acquire a 51 per cent stake of Engro Foods Limited, one of the largest listed companies at the Pakistan Stock Exchange (PSX), a notification on the bourse's website said Thursday...

    Citibank Pakistan is the financial advisor...

  • AGP Ltd raises Rs2.8 billion

    KARACHI: AGP Ltd, a pharmaceutical company in the fold of OBS Group, has raised Rs2...

    At the gong-ringing ceremony at the PSX on Monday that signalled the start of trading of company’s stock, AGP Ltd share price quickly hit the upper circuit of 5 per cent to take the stock price to Rs84, from the offered price of Rs80 a share...

  • Consumer confidence improves in Pakistan

    KARACHI: Consumer confidence has increased in the wake of improved economy and higher expectations for future economic growth, results of a State Bank survey show...

    SBP’s Consumer Confi­dence Survey — conducted during Sept 5 and 9 — notes, “Overall, the Consumer Confidence Index (CCI) increased by 5...

  • Pakistan consumer confidence dips in third quarter: survey

    KARACHI: Consumer confidence in Pakistan dropped by three points in the third quarter, according to a survey conducted by a global performance management company, with job security being the biggest or second-biggest concern for a third of respondents...

    Pakistan’s confidence, which had been on the rise since 2008 and reached its highest level in the first two quarters of this year, dropped to 101 in July-September from 104 in the...

  • Consumer confidence at an all-time high in Pakistan

    KARACHI: Consumer confidence reached an all-time high increasing by nine points in July-September 2017, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions...

    “The nine-point upsurge in Pakistan’s consumer confidence score depicts an improving outlook for the country,” noted Quratulain Ibrahim, managing director, Nielsen Pakistan...

  • Banks focus on consumer finance

    CONSUMER financing has seen a surge in the last two fiscal years primarily due to a big jump in auto loans and to some extent in mortgage finance...

    Banks had made net consumer financing of Rs31...

  • Dynamics of middle class consumer market

    Pakistan’s middle class consumer market assessed on the basis of reports of market research companies and data from multiple sources is projected at Rs30tr ($290bn)...

    It poses both an opportunity and a challenge to existing companies and interested global players — inspired by the stellar performance of multinational fast moving consumer goods companies (FMCGs), and electronics, food, clothing, cosmetics, drug and auto industry firms...

  • SBP revises regulations for consumer financing

    KARACHI: The State Bank of Pakistan (SBP) has revised the prudential regulations to promote consumer financing in sustainable and fair manner while ensuring financial stability of the banks/DFIs...

    Banks/DFIs have also been advised to initiate assessments for introduction of differentiated loan pricing in all consumer financing products, which inter alia should be sensitive to loan product characteristics, borrowers’ risk...

  • ‘Consumer confidence index at 8-year high’

    KARACHI: Pakistan’s consumer confidence index remained unchanged at an eight-year high of 104 in the second quarter, according to a survey conducted by a global performance management company...

    “The index has been rising since 2008, and had reached its highest level during the first quarter of 2016,” according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions released on Thursday...

  • Consumer confidence at eight-year high: report

    The Nielsen Global Survey of Consumer Confidence and Spending Intentions, established in 2005, measures consumer confidence, major concerns and spending intentions of more than 30,000 respondents with internet access in 63 countries...

    Consumer confidence levels above and below a baseline of 100 indicate degrees of optimism and pessimism...

  • Consumer confidence falters

    KARACHI: Pakistani consumer confidence decreased one index point in the third quarter to a score of 101, according to the Nielsen Global Survey of Consumer Confidence and Spending Intentions...

    A press release issued on Tuesday said that the Nielsen Consumer Confidence Index measures perceptions of local job prospects, personal finances and immediate spending intentions among more than 30,000 respondents with Internet access in 61...

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