Nishat Group’s Rafhan Maize deal cleared

ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of shareholding in Rafhan Maize Products Company by a consortium comprising entities of the Nishat Group and associated individuals, following a phase-I review conducted under Section 11 of the Competition Act, 2010. The transaction involves the acquisition of shares of Rafhan Maize Products…

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PSX surges past 170,000 as oil eases

KARACHI: The Pakistan Stock Exchange (PSX) extended Thursday’s rebound on Friday morning, with the benchmark KSE-100 Index climbing 1,822.58 points, or 1.08 per cent, to 170,865.77 before trading was suspended for Friday prayers. The index touched an intraday high of 170,903.94 and a low of 169,399.98. Volume in KSE-100 stocks stood at 82.04 million shares,…

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Bilawal urges fast-tracking Diamer-Bhasha Dam

Vows resettlement of displaced communities if party forms government in Gilgit-Baltistan DIAMER: PPP Chairman Bilawal Bhutto Zardari on Wednesday called on the federal government to expedite the completion of the Diamer-Bhasha Dam and pledged to resolve the resettlement issues faced by communities displaced by the mega project if his party wins the June 7 elections….

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GGGI offers climate finance support

ISLAMABAD: Federal Minister for Climate Change Musadik Malik held a meeting with Global Green Growth Institute (GGGI) Country Representative Laura Jalosjoki to discuss climate financing and strategic planning, according to a statement on Monday. Jalosjiki briefed the minister on how GGGI can support Pakistan in developing institutional and financial frameworks to access climate financing. She…

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SBP raises Rs512b amid strong demand

KARACHI: The State Bank of Pakistan (SBP) raised over Rs512 billion through the auction of Pakistan Investment Bonds (PIBs), reflecting strong participation from banks amid increased interest rates. According to the auction result released on Tuesday, the central bank received total bids worth Rs906.4 billion across multiple tenors, against which it accepted Rs499.4 billion in…

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Soldier killed in south Lebanon

. BEIRUT: A Lebanese soldier was killed and an officer and another soldier were wounded when a suspicious object exploded in an army vehicle in the southern Lebanese town of Mansouri, the Lebanese army said on Saturday. The Israeli military said on Saturday the vehicle had driven over an explosive device in the Al-Mansouri area,…

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