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INVESTMENT

Unilever-backed startup raises one of Pakistan's largest early stage funding

Quick delivery-based Munchies announces $2.5-million pre-seed investment

Updated 06 Oct, 2021 11:52am

Business & Finance

ADB says Pakistan's economy to grow at 4% in FY22

Forecast is lower than what the government is targeting

Updated 22 Sep, 2021 10:29pm

Chinese businessmen meet PM

ISLAMABAD: A delegation of heads of Chinese companies Monday called on Prime Minister Imran Khan and expressed...

Published 14 Sep, 2021 03:51am

Business & Finance

Engro to inject Rs21.5 billion in its telecom subsidiary

Engro Connect is wholly-owned by Engro Corp

Published 25 Aug, 2021 01:47pm

Markets

S&P reaffirms India’s long-term sovereign credit rating, outlook

MUMBAI: Standard and Poor’s affirmed its rating on India’s long-term foreign and local currency sovereign credit...

Published 14 Jul, 2021 03:59am

World

Oman's Sultan visits Saudi Arabia on first overseas trip

DUBAI: Oman's Sultan visited Saudi Arabia on Sunday on his first official overseas trip since assuming power last...

Published 12 Jul, 2021 05:26am

Pakistan

Uzbek investment to be increased: Okibjon

LAHORE: The investors of Uzbekistan have already made investment in Pakistan, which will be increased in future,...

Published 28 Jun, 2021 04:38am

Business & Finance

Pakistan’s Trivzia raises $400,000 in seed round

Startup hopes to expand user base, grow its team and strengthen its platform using funds from 47 Ventures

Published 22 Jun, 2021 06:39pm

Business & Finance

FDI plunges 28% year-on-year in 11MFY21

Clocks in at $1.75 billion compared with $2.42 billion in 11MFY20
However, FDI's figure for May 2021 increased 63% year-on-year

Published 18 Jun, 2021 07:54pm

Markets

SECP specifies requirements for advertisements of equity funds

ISLAMABAD: In order to improve quality of information related to performance of mutual funds to promote better...

Published 18 Jun, 2021 04:16am

Business & Finance

Coca Cola Pakistan announces $50m investment for K-P plant

Will set up its seventh plant in country in Haripur District

Published 16 Jun, 2021 06:04pm

Technology

Pakistan's Jugnu raises $3.2m from Systems Limited

B2B ecommerce marketplace aims to use funds to expand in a highly competitive market

Published 15 Jun, 2021 05:49pm

Business & Finance

Pakistan’s GrocerApp raises $5.2 million in Series A round

Plans on using investment to boost current operations and expand to Karachi

Published 14 Jun, 2021 03:35pm

Business & Finance

Pakistan’s Dawaai raises $8.5 million amid expansion plans

Hopes to use recent investment to grow its infrastructure expansion and technology

Updated 10 Jun, 2021 01:15pm

Pakistan

National Savings obtained Rs 52 billion from fresh schemes by June 2

The new registered Premium Prize Bonds of Rs 40,000 and Rs 25000 were registered by SBP and en-cashed only by the registered financial institution under the SBP.

Published 07 Jun, 2021 08:43pm

Business & Finance

Pakistan's Abhi raises $2m in seed investment

Karachi-based fintech raises sum for its salary advance platform in a seed round led by Vostok Emerging Finance
Abhi will be the second Pakistani fintech to join Y Combinator’s next batch after TAG

Published 07 Jun, 2021 06:19pm

World

Biden to overhaul Trump's China investment blacklist: report

The list included major telecoms, construction and technology firms such as China Mobile, China Telecom, video surveillance firm Hikvision, and China Railway Construction Corp.

Published 03 Jun, 2021 05:01pm

Pakistan

PMFA chief meets Malaysian HC

KARACHI: President, Pakistan-Malaysia Friendship Association (PMFA) Shahid Jawed Qureshi paid a courtesy call to ...

Published 29 May, 2021 03:59am

Pakistan

BOI assure to facilitate Egyptian investment in Pakistan

Atif Bokhari said that BOI will assist with briefing and connecting them with relevant stakeholders for projects the company wishes to pursue along with any support required for additional acquisitions.

Updated 25 May, 2021 07:35pm

Pakistan

Palestine and Kashmir: Unified stance testifies close ties with Malaysia

ISLAMABAD: Leader of the House in Senate Dr Shahzad Waseem Monday said that unified stance on Palestine and Kashmir...

Published 25 May, 2021 04:40am

Pakistan

Govt urged for finalizing upcoming budget in consultation with chambers, trade bodies

He said that 17 percent GST was a major factor for high cost of doing business and hike in inflation for the common man.

Published 19 May, 2021 08:35pm

Business & Finance

Ex- State Minister says intl companies keen to invest billions in Pakistan

Ghuman said that after decades a number of international investors including Canadian National Railway Company, Deutsche Bahn (Germany), Korean, Japanese, and USA companies are ready to commit to investing in Pakistan.

Published 19 May, 2021 11:36am

Business & Finance

Hyundai to invest $7.4 bln in U.S. by 2025, with electric cars in focus

Hyundai's announcement comes as U.S. President Joe Biden's administration prioritized a push toward electric cars, aiming to replace the 650,000 vehicles in federal fleets with U.S.-made electric vehicles.

Published 15 May, 2021 10:06am

Business & Finance

Govt says multi-billion dollars Qatari investment not diverted to Bangladesh

Earlier, local media reports said that Pakistan and Qatar authorities had negotiated $5 billion investment projects in Pakistan but they could not be materialized.

Published 12 May, 2021 11:19am

Pakistan

PM Khan to leave on three-day official visit to Saudi Arabia today

During the visit, the PM will hold discussions with the Saudi leadership on key issues including economic, trade, investment, energy and job opportunities for the Pakistani workforce
A number of bilateral agreements and MoUs are expected to be signed during PM Imran's visit

Published 07 May, 2021 12:38pm

Pakistan

Pakistan looking forward to strengthen trade, investment ties with US

He said that Pakistan and the US enjoy long-term, broad-based and multi- dimensional relationship.

Published 05 May, 2021 05:00pm

World

EU beefs up powers to control China investment

The new rules, once approved by member states and European Parliament, will give EU competition authorities new abilities to probe foreign companies seeking to snap up EU companies or public contracts.

Published 05 May, 2021 04:10pm

Supplements

World IPR Day: Rabab Sikander Director General Directorate of IPR Enforcement

TEXT: The Directorate General of IPR Enforcement was established to strengthen IPR controls on borders for...

Published 05 May, 2021 04:01am

Business & Finance

Pakistan, Hungary discuss trade and investment related issues

ISLAMABAD: Peter Szijjarto, Minister of Foreign Affairs & Trade, Hungary, called on Abdul Razak Dawood, Advisor...

Published 01 May, 2021 03:28am

Pakistan

Pakistan further eased investment policy to benefit investors, says FM Qureshi

Foreign minister says Hungarian FM's visit will mark a new era in the bilateral economic relationship
Hungary attaches special importance to this region because of cultural and historical similarities as well as the security reasons: Szijjarto

Published 30 Apr, 2021 11:38am

Gainers
Losers
Leaders

Stock	Price
Trust Sec.& Brok. / Oct 21 Trust Securities & Brokerage Limited(TSBL)	12.00 ▲ 1.00 (9.09%)
1st Dawood / Oct 21 First Dawood Investment Bank Limited(FDIBL)	2.35 ▲ 0.18 (8.29%)
Dynea Pak / Oct 21 Dynea Pakistan Limited(DYNO)	241.87 ▲ 16.87 (7.50%)
Pak Engg. / Oct 21 Pakistan Engineering Co Limited(PECO)	410.56 ▲ 28.64 (7.50%)
Thal LTD / Oct 21 Thal Limited(THALL)	401.72 ▲ 28.02 (7.50%)
Buxly / Oct 21 Buxly Paints Limited(BUXL)	115.37 ▲ 8.04 (7.49%)
Pak Int Cont. / Oct 21 Pakistan International Container(PICT)	171.25 ▲ 11.94 (7.49%)
Leiner Gelatine / Oct 21 Leiner Pak Gelatine Limited(LPGL)	20.55 ▲ 1.43 (7.48%)
Philip Morris / Oct 21 Philip Morris (Pakistan) Limited(PMPK)	833.00 ▲ 58.00 (7.48%)
Image Pakistan / Oct 21 Image Pakistan Limited(IMAGE)	18.89 ▲ 1.31 (7.45%)

Stock	Price
Millat Tractors / Oct 21 Millat Tractors Limited(MTL)	896.00 ▲ -224.41 (-20.03%)
Pak Gen. Ins. / Oct 21 The Pakistan General Insurance Co. Ltd.(PKGI)	4.29 ▲ -1.00 (-18.90%)
Universal Ins. / Oct 21 The Universal Insurance Company Limited(UVIC)	4.88 ▲ -1.00 (-17.01%)
Shaheen Ins. / Oct 21 Shaheen Insurance Company Limited(SHNI)	3.33 ▲ -0.56 (-14.40%)
Ashfaq Textile / Oct 21 Ashfaq Textile Mills Limited(ASHT)	10.25 ▲ -1.00 (-8.89%)
Wyeth Pakistan / Oct 21 Wyeth Pakistan Limited(WYETH)	1558.63 ▲ -126.37 (-7.50%)
Janana D Mal / Oct 21 Janana De Malucho Textile Mills Limited(JDMT)	83.00 ▲ -6.72 (-7.49%)
Apna Microfin.Bank / Oct 21 Apna Microfinance Bank Limited(AMBL)	19.30 ▲ -1.56 (-7.48%)
Pak Stock Exchange / Oct 21 Pakistan Stock Exchange Limited(PSX)	18.06 ▲ -1.46 (-7.48%)
J. K. Spinning / Oct 21 J.K. Spinning Mills Limited(JKSM)	41.61 ▲ -3.35 (-7.45%)

Stock	Volume
Bank of Punjab / Oct 21 The Bank of Punjab(BOP)	25,568,500 ▼ 0.00
Telecard Ltd. / Oct 21 Telecard Limited(TELE)	23,961,500 ▼ 0.00
Hum Network / Oct 21 Hum Network Limited(HUMNL)	22,424,000 ▼ 0.00
Worldcall / Oct 21 Worldcall Telecom Limited(WTL)	21,691,500 ▼ 0.00
Unity Foods / Oct 21 Unity Foods Limited(UNITY)	19,102,115 ▼ 0.00
Engro Polymer / Oct 21 Engro Polymer & Chemicals Limited(EPCL)	15,879,000 ▼ 0.00
Service Fab. / Oct 21 Service Fabrics Limited(SERF)	14,936,000 ▼ 0.00
Maple Leaf / Oct 21 Maple Leaf Cement Factory Limited(MLCF)	10,000,841 ▼ 0.00
Silkbank / Oct 21 Silkbank Limited(SILK)	7,395,500 ▼ 0.00
Byco Petroleum / Oct 21 Byco Petroleum Pakistan Limited(BYCO)	6,611,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 20	173.45
USD PKR Interbank Buying / Oct 20	173.30
USD to Japanese Yen / Oct 20	114.35
USD to Swiss Franc / Oct 20	0.92
Pound Sterling to USD / Oct 20	1.38
Euro to USD / Oct 20	1.16
UK LIBOR % / Oct 20	0.07

Stock	Volume
S&P 500 / Oct 20	4486.46
India Sensex / Oct 20	61765.59
Tokyo Nikkei / Oct 20	29025.46
Nasdaq / Oct 20	15021.81
Hang Seng / Oct 20	25409.75
FTSE 100 / Oct 20	7203.33
Dow Jones / Oct 20	35258.61
Germany DAX 30 / Oct 20	15474.47
France CAC40 / Oct 20	6673.10

Item	Value
Crude Oil / Oct 20	83.87
Karachi Cotton Assoc. / Oct 20	14680.00
Gold 10 Grams / Oct 20	97700.00
Gold Spot / Oct 20	1781.95
Cotton / Oct 20	110.73

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