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  • 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...

    The deal would bring in a minimum investment of $460m based on the Pakistani firm's present stock value...

  • 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...

  • Stock exchange to encourage SME access to equity finance

    ISLAMABAD: Pakistan Stock Exchange (PSX) on Friday signed a memorandum of understanding (MoU) with Small and Medium Enterprise Development Authority (Smeda) and Islamabad Chamber of Commerce and Industry (ICCI) to increase small and medium access to equity finance...

    “The bourse will also help SMEs in documentation matters to facilitate their listing on the stock exchange,” he added...

  • Swiss hit back after EU limits stock exchange access

    ZURICH: Swiss relations with the European Union soured on Thursday as Bern promised retaliation over what it called unacceptable limitations on Swiss stock exchanges’ access to the EU single market...

    Swiss President Doris Leuthard accused the EU of trying to undermine Switzerland as a financial centre by granting its stock exchanges only temporary access to the bloc...

  • Planning Commission facing acute human resource shortage

    ISLAMABAD: The Planning Commission is facing acute shortage of human resource and performing its key functions on a makeshift basis, even though it has expanded its role and profile across the government set-up through Vision 2025 and China-Pakistan Economic Corridor (CPEC)...

    “Human resource is our big problem,” said planning and development secretary Shoaib Siddiqui, adding the Planning Commission had only one full-time project...

  • Labour, human resource dept gets Rs1.38bn

    LAHORE: The Punjab Labour and Human Resource department on Friday got Rs1...

    The real challenge for the labour and human resource department will be to ensure implementation of recently-increased minimum wages from Rs12,000 to Rs13,000 for unskilled workers by the federal government in annual budget 2015-16, enforce labour laws and develop labour market information system...

  • KP: weak internal resource mobilisation

    Owing to weak fiscal governance, tax collection in Khyber Pakhtunkhwa stands at a mere Rs15 billion, with the largest share coming from the general sales tax on services...

    Though the share of the provincial tax revenue is stuck at a dismal low of 0
  • Water resource information system for Balochistan

    THE Japan Aerospace Exploration Agency has agreed to provide technical leadership and free access to its data to help water-scarce Balochistan develop a water resource information system using remote sensing and geographical information system...

    The Asian Development Bank, in collaboration with the Japanese government, is supporting water resource assessment and management of two rivers basin...

  • Living under shadow of resource crunch

    So what options does the resource-constrained and sparsely populated province have to increase its financial resources to fill the development financing gap?“We will fight our case at the forum of the National Finance Commission,” asserts the provincial adviser on finance, Mir Khalid Khan Langau...

    The growing resource crunch has serious implications for the development of social and economic infrastructure in the province...

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