HPL plans long-term benefits for shareholders with new acquisition
Hoechst Pakistan Limited (HPL) announced the acquisition of products from Sanofi affiliates.
RCML reports insider transaction worth over Rs 30 million
Reliance Cotton Spinning Mills Limited (RCML) announced an insider transaction carried out by multiple substantial shareholders.
SBP Cuts Policy Rate by 150bps: Implications for Pakistan’s Economy
The State Bank of Pakistan (SBP) has announced a significant policy rate cut of 150 basis points (bps), bringing the rate down to 20.5%.
SUV May Sales to Improve – Which stocks will benefit?
The auto sales figures for May 2024 reveal a mixed performance among Pakistan's leading car assemblers. Overall, the sales of four major car manufacturers are...
Steady growth in remittances supports Pakistan’s current account
Pakistan saw a significant boost in remittances, reaching an all-time high of $3.2 billion. This represents a 15% increase from the previous month and a...
SAPT announces the transfer of shares under High Court directives
Sapphire Textile Mills Limited (SAPT) announced that the 169,607 shares were transferred under a new sapphire textile arrangement.
Historical Impact of Capital Gain and Dividend Tax changes on PSX
The changes in CGT and dividend taxes have shown varied impacts on the market.
A 100bps cut expected in Jun’24 MPC as inflation gives breathing room
It is anticipated that the MPC will opt for a dovish rate cut of 100 basis points (bps), reducing the policy rate to 20%....