China has granted another 1 trillion yuan ($161.3 billion) quota to its regional governments to swap high-interest debt into low-cost bonds, Bloomberg reported on Thursday, citing people familiar with the matter. Chinese media had reported earlier on Thur
Walmart kept its lock on the top ranking of the Fortune 500 annual list of the largest US companies Thursday, while Apple was the most profitable and Facebook the most upward-bound, Fortune Magazine announced. Retail behemoth Wal-Mart Stores remained in t
Hundreds of containers lie idle in the scorching sun that pounds Iran's south-eastern port of Chabahar, a free trade zone crippled by decades of international sanctions. But against the backdrop of nuclear talks between Tehran and world powers, authoritie
The World Trade Organisation (WTO) said on Thursday that India broke international trade rules by blocking US poultry and egg imports because of unsubstantiated bird flu fears, confirming a win for the United States in the dispute. The WTO Appellate Body
Impoverished Bangladesh on Thursday unveiled a $39 billion budget for the coming year that attempts to woo investment and revive its flagging economy, which has been hit by months of deadly political turmoil. Finance Minister A.M.A. Muhith announced plans
Britain's newly elected government announced plans Thursday to sell off its remaining stake in Royal Mail and slash ministry budgets in a bid to cut £4.5 billion ($6.9 billion, 6.1 billion euros) from state debt this year. Less than a month after Prime Mi
The Bank of England on Thursday said it had voted to leave its main interest rate at a record-low 0.50 percent as the country balances negative inflation and weak growth. The nine-member Monetary Policy Committee also maintained the central bank's level o
Arcadia Petroleum Ltd, its Parnon Energy unit and two traders have reached a $16.5 million settlement of a US class-action lawsuit accusing them of illegally manipulating the price of crude oil in early 2008. The preliminary settlement was filed late Wedn
US nonfarm productivity fell more sharply than initially thought in the first quarter, leading to a jump in labour-related production costs, a trend that could ignite inflation if sustained. Other data on Thursday showed the labour market tightening, with
The International Monetary Fund on Thursday cut its 2015 growth forecast for the United States and called on the Federal Reserve to put off a rate hike until conditions are stronger. In an annual report of the world's largest economy, the Fund said growth
The International Monetary Fund on Thursday cut its 2015 growth forecast for the United States and called on the Federal Reserve to put off a rate hike until conditions are stronger. In an annual report of the world's largest economy, the Fund said growth
Brazil raised interest rates to the highest levels in more than six years on Wednesday, extending a tightening campaign and leaving the door open for more hikes despite concerns that steep borrowing costs could deepen an expected economic recession. The c
Asian consumption of gasoline and other fuels has beaten expectations due to demand stemming from structural changes in the economies of Asia's biggest oil users, vindicating for now Opec's decision six months ago to keep its taps open. Saudi Arabia's oil
There are "no free rides" ahead for Africa as it seeks to maintain strong growth in the face of fierce global competition, business leaders told the regional World Economic Forum on Thursday. Beneath the familiar tone of the "Africa rising" theme, delegat
As less than 100,000 bales of current crop (August 2014 / July 2015) remains unsold in the market, prices remain mostly steady till the arrival of new crop (August 2015 / July 2016). Seedcotton (kapas / phutti) from the new crop may arrive in very small q
As less than 100,000 bales of current crop (August 2014 / July 2015) remains unsold in the market, prices remain mostly steady till the arrival of new crop (August 2015 / July 2016). Seedcotton (kapas / phutti) from the new crop may arrive in very small q
Not a single deal finalised on the wholesale grain market on Thursday due to strike in the city to observe mourning day after killing of a MQM worker in police custody on Wednesday.
Main participants kept on the sidelines on the cotton market ahead of federal budget for 2015-16, dealers said on Wednesday. The official spot rate was inert at Rs 5400, dealers said. In the ready session, only 1400 bales of cotton sold at Rs 4600, they s
The Karachi Port handled 83,416 tonnes of cargo comprising 62,954 tonnes of import cargo and 20,462 tonnes of export cargo including 4,336 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 62,
US natural gas futures fell over 2 percent on Wednesday on forecasts for weaker demand and stronger production as the market awaited guidance from the federal government's storage report. Front-month gas futures on the New York Mercantile Exchange closed
US hard red winter wheat spot basis bids in the southern Plains were steady to weaker early on Wednesday as the active harvest nears in Texas and Oklahoma and futures rally for the third straight day, merchants said. The near 50-cent jump in futures this
European wheat futures fell in late trade on Wednesday, giving up earlier gains due to the export-punishing strength of the euro. On the Paris-based Euronext market, December milling wheat, the most active contract, unofficially closed down 0.5 euro, or 0
Indian oilseeds and soyaoil futures fell on Wednesday on profit-taking, driven by a drop in Malaysian palm oil prices and weak exports demand for soyameal. The downside was restricted by concerns over production of summer-sown oilseeds after the governmen
On Wednesday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.617 billion as compared to PKR 2.117 billion reported on Tuesday, an increase of 24 percent. The number of lots traded also increased by 33 percent to 15,452 from 11,659. PMEX Comm
First and foremost, I take this opportunity to commend all three stock exchanges and SAFE in highlighting the significance of the Pakistan IPO Summit Series. This unique platform brings together the potential IPO companies and important stakeholders under
Going public might just be one of the most imperative events in a company's life. It's about time companies are made aware of how new capital raised in a successful public offering can dramatically increase a company's potential growth, by supplying funds
I am truly pleased to see a program as unique as the IPO Summit reaching unparalleled altitudes of success. As simplistic as it may sound, listing goes a long way in influencing a country's capital market and subsequently may leave a colossal impact on th
LSE, is the proud host of this year's IPO Summit presented by SAFE. It is my fervent prayer and hope that this event is crowned with success. The focus of the IPO Summit is not only to assist potential IPO companies but also raise awareness about "going p
The Karachi Stock Exchange whole heartedly welcomes SAFE's efforts to generate awareness within Pakistan's corporate sector regarding benefits to list on the exchanges. The rising global connectivity in the areas of trade and financial flows from savings
The IPO Summit 2015, organized by SAFE is an ideal platform for entrepreneurs and private companies to gain exposure of growth opportunities in Pakistan's capital market. Local stock exchanges, capital market regulators, and the financial services industr
On behalf of the South Asian Federation of Exchanges I take pride in welcoming you to the IPO Summit of 2015. The IPO Summit in its fifth consecutive year has introduced new IPOs from various firms including manufacturing, services and technology. About h
The IPO Summit Series, kick started in 2011, has been held as an annual event consecutively since its inception. It has flourished into the premier destination for capital market and financial services industry professionals to network and exchange ideas
I remember participating in activities such as guessing your personality traits by your hand writing and the one that could guess by the texture of your hair. Similarly, when we walk in for an interview, our body language is observed and our gestures are
It is an honor for the Karachi Stock Exchange to co-host Pakistan's IPO Summit 2015 in partnership with the Lahore Stock Exchange and the South Asian Federation of Stock Exchanges (SAFE). This forum provides a unique opportunity for financers & investors
Initial Public Offering (IPO): Initial Public Offering or IPO is the first time sale of securities by a company to the public. Sometimes shares of already listed companies are offered for sale to the public, such offer is called Secondary or Subsequent
Agha Steel Industries is Pakistan's first state of the art steel mini-mill in Pakistan. Agha Steel Industries (ASI) is committed to utilising the latest technological advances witnessed in the metallurgical sector in order to advance Pakistan's promising
Since its inception in 1972, Amreli Steels Limited has managed to build its reputation as one of the most trusted and reliable manufacturers of steel reinforcement bars in Pakistan. Not only does the company take pride in it being the largest steel bar ma
Our success lies in our dual-focus strategy; top of the line service to our customers and excellence in our operations. Through the combination of our dynamic strategy, the talent of our team and the unbeatable quality of our production processes, we cont
The foundations of ChenOne Stores Limited (the company) were laid down in the year 1997. The company was incorporated under the Companies Ordinance, 1984 on 25 July 1997 as a private limited company. The company was converted into public company with effe
Hi-Tech Lubricants was formed as a partnership (AOP) in March, 1997 and was created to market imported lubricants in Pakistan. These Lubricants were imported from YU Kong Ltd (Now SK Lubricants Ltd), South Korea in sealed cartons. Pakistani Lubricant mark
MDS FOODS PVT Limited is an associated company of super Asia Group. Company was started by Six Partners Mr Sohail Yousuf as CEO; Mr Faisal Afzal, Mr Usman Ashraf, Mr Bilal Afzal, Mr Umar Ashraf and Mr Taimoor Yousaf. MDS Foods is a franchisee of CKE Inter
Loads is a member of the Ali Group, a conglomerate of companies engaged in diverse activities such as packaging, insurance, investment banking, engineering, vegetable oil, soaps, razor blades, food products, etc.
TCS has the true privilege of having 30+ years of experience as well as heritage. We have a wide network expanding the length of Pakistan, with 740+ outlets across the lands and a presence in 380 cities. We boast of 480 satellite tracked vehicles with an
South Asian Federation of Exchanges (SAFE) the only industry representative association for capital markets in South Asia, in collaboration with its lead promoters for Pakistan IPO Summit 2015; the Lahore Stock Exchange (LSE), Karachi Stock Exchange (KSE)
UBL Fund Managers was established in 2001 as a wholly owned subsidiary of UBL Bank Limited. UBL Funds has a history of launching innovative products like Principal Protected Funds based upon the CPPI methodology, Commodity Funds and need-based investment
The SECP has always supported and facilitated initiatives relating to development of capital market. In the recent past, it has taken various steps for the development of the IPO market. These steps include introduction of the e-IPO facility, introduction
AKD Securities Limited (AKDS) is one of the leading securities firm in Pakistan providing a comprehensive suite of investor focused services including equity brokerage, economic and securities research, investment banking and financial advisory services.
The foundations of ChenOne Stores Limited (the company) were laid down in the year 1997. The company was incorporated under the Companies Ordinance, 1984 on 25 July, 1997, as a private limited company. The company was converted into a public company with
I am delighted that the South Asian Summit is being held in Lahore. It should bring awareness to a lot of companies regarding the advantages of being listed on the stock exchange and thereby improve corporate governance. From Hascol's own experience, I ca
It is heartening to see a campaign, aimed at encouraging fresh listings, now enter its fifth year. Together with all capital market entities of Pakistan, once again the ISE is proud to join hands to organise the Annual IPO Summit-2015. This incredible ini
Hi-Tech Lubricants was formed as a partnership (AOP) in March, 1997 and was created to market imported lubricants in Pakistan. These Lubricants were imported from YU Kong Ltd (Now SK Lubricants Ltd), South Korea in sealed cartons. Pakistani Lubricant mark
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
The Karachi share market gained another 177 points Thursday to close at 34,085.74. The pre-budget rally was led by trading in second and third-tier stocks in cement and power sectors. While the foreign and local fund managers are believed to have been sup
Pakistan's economy has suffered $106.98 billion loss equivalent to Rs 8,702.75 billion [directly and indirectly] during the last 14 years due to terrorism, revealed the FY 2014-15 Economic Survey launched here Thursday. According to the survey, Pakistan's
The government has missed almost all sustainable and Millennium Development Goals to tackle exacerbating situation of environment and climate change in the country. The Economic Survey 2014-15 released on Thursday disclosed that the country is still far f
The Economic Survey 2014-15 contains, in common with last year, a clear and distinct bias in favour of the government's performance making the document largely irrelevant for policymakers. It has given birth to a question why all the positive indicators a
The Economic Survey 2014-15 contains, in common with last year, a clear and distinct bias in favour of the government's performance making the document largely irrelevant for policymakers. It has given birth to a question why all the positive indicators a
KARACHI: A kind of firmness prevailed on the money market on Thursday as the rupee moved up against the dollar ahead of budget 2015-16, they said. The rupee firmly held the overnight level in relation to the dollar for buying and selling at Rs 101.87 and
The Economic Survey 2014-15 contains, in common with last year, a clear and distinct bias in favour of the government''s performance making the document largely irrelevant for policymakers. It has given birth to a question why all the positive indicators
KARACHI: A kind of firmness prevailed on the money market on Thursday as the rupee moved up against the dollar ahead of budget 2015-16, they said. The rupee firmly held the overnight level in relation to the dollar for buying and selling at Rs 101.87 and
The Economic Survey 2014-15 contains, in common with last year, a clear and distinct bias in favour of the government''''s performance making the document largely irrelevant for policymakers. It has given birth to a question why all the positive indicator
The Karachi share market gained another 177 points Thursday to close at 34,085.74. The pre-budget rally was led by trading in second and third-tier stocks in cement and power sectors. While the foreign and local fund managers are believed to have been sup
The Karachi share market gained another 177 points Thursday to close at 34,085.74. The pre-budget rally was led by trading in second and third-tier stocks in cement and power sectors. While the foreign and local fund managers are believed to have been sup
Like always, next FY Budget too will surely smell rosy. By tying knot with the IMF, the Federal Budget will have nothing much significant to offer because of Pakistan''''s commitment to obtain dollars from the global lender. To correct economic anomalies,
Like always, next FY Budget too will surely smell rosy. By tying knot with the IMF, the Federal Budget will have nothing much significant to offer because of Pakistan''s commitment to obtain dollars from the global lender. To correct economic anomalies, f
Like always, next FY Budget too will surely smell rosy. By tying knot with the IMF, the Federal Budget will have nothing much significant to offer because of Pakistan's commitment to obtain dollars from the global lender. To correct economic anomalies, fo
Like always, next FY Budget too will surely smell rosy. By tying knot with the IMF, the Federal Budget will have nothing much significant to offer because of Pakistan's commitment to obtain dollars from the global lender. To correct economic anomalies, fo
The government to unveil the federal budget of around Rs 4.3 trillion for the next fiscal year today (Friday). Sources said the next year''s federal budget is still undergoing changes. An official said that the Finance Minister who faced strong criticism
On Thursday, BRIndex30 opened at 19,972.97 points. It touched an intraday high of 20,180.03 points and an intraday low of 19,942.07 points and closed at 20,102.65 points which was 129.68 points or 0.65 percent higher than previous close. Total volume was