India’s Bajaj Housing Finance attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market. The interest in the company’s public offer — the most this year among mainboard IPOs worth more than $500 million — was … Read more
Former senator Muhammad Ali Durrani calls on JUI-F Maulana Fazlur Rehman at his residence in Islamabad on October 24, 2023. — X/@juipakofficial/File Ex-Senator Durrani calls on Maulana Fazl at latter’s residence. Supporting such govt tantamount to make people angry: Maulana. “Will not allow anyone to steal our mandate once again.” Amid government efforts to muster … Read more
Gold prices held firm above the $2,500 level on Tuesday as market participants positioned themselves ahead of U.S. inflation data for further clues on the depth of interest rate cuts by the Federal Reserve next week. Spot gold rose 0.2% to $2,509.22 per ounce by 11:04 a.m. ET (1504 GMT). U.S. gold futures were up … Read more
ISLAMABAD: The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 11.9% of the paid-up ordinary share capital of Sindh Engro Coal Mining Company (SECMC) by International Electric Power (Private) Limited under a share purchase agreement. International Electric Power, established in March 2024 for the purpose of purchasing shareholding of SECMC, is … Read more
ISLAMABAD: Minister for Board of Investment, Privatisation and Communications Abdul Aleem Khan on Saturday got assurance from Chinese group Hexing Electrical that it would make heavy investment by establishing a new industrial unit, especially in the renewable energy sector. Hexing Electrical Chairman Liangzhang Zhou, along with a delegation, met the minister for investment and informed … Read more
The Rashakai Special Economic Zone Development & Operations Company (RSEZDOC) has issued a warning to the government, stating that unresolved power issues at the Rashakai Special Economic Zone (SEZ) could jeopardize industrial cooperation between China and Pakistan. According to a news report, in a letter addressed to the Secretary of the Power Division, RSEZDOC’s Chief … Read more
This file photo taken on April 20, 2013 shows a child using a smartphone at Caulfield Racetrack in Melbourne. — AFP LONDON: One of Britain’s biggest mobile network operators said on Sunday it is going to issue a warning to parents against giving smartphones to children under the age of 11. The new guidance comes … Read more
ISLAMABAD: Pakistani solar technology company, SkyElectric, has successfully passed the first phase of the Japan Electrical Safety & Environment Technology Laboratories (JET) testing programme, marking a crucial step toward entering the Japanese market. At a joint press conference held on Tuesday, SkyElectric’s CEO and co-founder, Amin Sukhera, and COO, Zeeshan Ahmad, announced the breakthrough. Sukhera … Read more
Ghandhara Tyre and Rubber Company Limited has officially announced the conclusion of its Royalty Technical Services Agreement with Continental Global Holding Netherlands B.V., effective August 31, 2024, according to a notice sent to the local bourse on Monday. The agreement, originally renewed in 2018, was set to run for a period of seven years, concluding … Read more
PTI Secretary General Omar Ayub (left) and PTI Punjab President Hammad Azhar. —Facebook/ @OmarAyubKhan.Official/ X/ @Hammad_Azhar Azhar says he couldn’t work under such circumstances. PTI leader says he has all responsibility but no authority. “It’s my firm decision to not continue,” says ex-minister. ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Secretary General Omar Ayub on Thursday rejected Hammad Azhar’s resignation as … Read more