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اردو

Jul 10, 2026 اردو

Print Edition BR Markets Dollar to PKR

Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices

Business & Finance Print edition: 2024-01-03

CCP approves Singapore shipping firm merger with Pak subsidiary

Published January 3, 2024 Updated January 3, 2024 09:36am

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ISLAMABAD: The Competition Commission of Pakistan (CCP) has given approval for a merger in the deep-sea container liner shipping services market. Through the approved merger, PIL Holdings Pte Ltd acquires minor shareholding in PIL Pte Ltd. Both entities are registered in Singapore.

PIL Pte has an indirect subsidiary in Pakistan called Pacific Delta Shipping (PDSPL). PDSPL serves as the designated local agent in Pakistan, helping manage shipments and cargo for PIL Pte Group customers in the country. The merger showed the interest of foreign entities in Pakistan’s cargo and shipment sector.

CCP approves two mergers

The acquirer PIL Holdings is primarily engaged in investment holdings while PIL Pte is currently active on the Far East Asia to Pakistan route (China-Vietnam-Singapore-Malaysia-Sri Lanka-India-Pakistan) and vice versa.

Competition Commission of Pakistan CCP

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Currency	Rate
USD PKR Interbank Selling / Jul 9	278.26
USD PKR Interbank Buying / Jul 9	278.06
USD to Japanese Yen / Jul 9	162.37
USD to Swiss Franc / Jul 9	0.81
Pound Sterling to USD / Jul 9	1.34
Euro to USD / Jul 9	1.14
SOFR % / Jul 9	3.64

Stock	Volume
S&P 500 / Jul 9	7,543.64
India Sensex / Jul 9	76,741.82
Tokyo Nikkei / Jul 9	67,743.85
Nasdaq / Jul 9	26,206.89
Hang Seng / Jul 9	24,030.18
FTSE 100 / Jul 9	10,472.45
Dow Jones / Jul 9	52,487.41
Germany DAX 30 / Jul 9	25,118.27
France CAC40 / Jul 9	8,326.62

Item	Value
Crude Oil USD/Barrel / Jul 9	71.92
Karachi Cotton PKR/37.32 KG / Jul 9	18,080
Gold 10 Grams PKR / Jul 9	371,944
Gold Spot USD/Ounce / Jul 9	4,122.44
Cotton US¢/pound / Jul 9	80.63
Petrol/Litre / Jul 10	297.53
Diesel/Litre / Jul 10	309.50

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Stock	Price
Trust Sec.& Brok. / Jul 10 Trust Securities & Brokerage Limited(TSBL)	2.05 ▲ 0.22 (12.02%)
Dadabhoy Cement / Jul 10 Dadabhoy Cement Industries Limited(DBCI)	10.55 ▲ 1 (10.47%)
Service Textile / Jul 10 Service Industries Textiles Limited(SERT)	57.71 ▲ 5.25 (10.01%)
Fateh Ind. / Jul 10 Fateh Industries Limited(FIL)	472.05 ▲ 42.91 (10%)
Saif Textile / Jul 10 Saif Textile Mills Limited(SAIF)	52.35 ▲ 4.76 (10%)
Pak Gen.Ins. / Jul 10 The Pakistan General Insurance Co. Ltd.(PKGI)	23.99 ▲ 2.09 (9.54%)
TPL Insurance / Jul 10 TPL Insurance Limited(TPLI)	41 ▲ 3.43 (9.13%)
J.A.Textile / Jul 10 J.A. Textile Mills Limited(JATM)	37.67 ▲ 3.12 (9.03%)
Paramount Spinning / Jul 10 Paramount Spinning Mills Limited(PASM)	15 ▲ 1.16 (8.38%)
First Punjab Modaraba / Jul 10 First Punjab Modaraba(FPJM)	10.01 ▲ 0.77 (8.33%)

Stock	Price
AN Textile Mills / Jul 10 AN Textile Mills Limited(ANTM)	59.51 ▼ -6.61 (-10%)
Universal Ins. / Jul 10 The Universal Insurance Company Limited(UVIC)	23.10 ▼ -2.32 (-9.13%)
Mehmood Tex / Jul 10 Mehmood Textile Mills Limited(MEHT)	206.99 ▼ -19.08 (-8.44%)
Baba Farid Sugar / Jul 10 Baba Farid Sugar Mills Limited(BAFS)	400 ▼ -31.37 (-7.27%)
Shahzad Tex. / Jul 10 Shahzad Textile Mills Limited(SZTM)	88.95 ▼ -6.86 (-7.16%)
Popular Islamic / Jul 10 Popular Islamic Modaraba(PIM)	22.01 ▼ -1.55 (-6.58%)
Asia Ins. / Jul 10 Asia Insurance Company Limited(ASIC)	29.35 ▼ -1.97 (-6.29%)
Ali Asghar / Jul 10 Ali Asghar Textile Mills Limited(AATM)	61.50 ▼ -3.8 (-5.82%)
National Silk / Jul 10 The National Silk & Rayon Mills Limited(NSRM)	165.13 ▼ -9.93 (-5.67%)
Tariq Corp. (R) / Jul 10 Tariq Corporation Limited(Right)(TCORPR2)	5.30 ▼ -0.3 (-5.36%)

Stock	Volume
Cnergyico PK / Jul 10 Cnergyico PK Limited(CNERGY)	20,358,890 ▲ 0.01
Trust Sec.& Brok. / Jul 10 Trust Securities & Brokerage Limited(TSBL)	11,730,276 ▲ 0.22
LSE Capital / Jul 10 LSE Capital Limited(LSECL)	11,173,036 ▲ 0.04
Lotte Chemical / Jul 10 Lotte Chemical Pakistan Limited(LOTCHEM)	6,913,952 ▲ 0.87
K-Electric Ltd. / Jul 10 K-Electric Limited(KEL)	6,503,119 ▲ 0.18
Pak Refinery / Jul 10 Pakistan Refinery Limited(PRL)	6,469,119 ▼ -0.44
Hascol Petrol / Jul 10 Hascol Petroleum Limited(HASCOL)	3,909,296 ▲ 0.48
Samba Bank / Jul 10 Samba Bank Limited(SBL)	3,601,276 ▲ 0.84
Maple Leaf Cement / Jul 10 Maple Leaf Cement Factory Limited(MLCF)	3,109,628 ▲ 2.74
Dewan Farooque Sp. / Jul 10 Dewan Farooque Spinning Mills Limited(DFSM)	2,286,102 ▼ -0.96