Cnergy PK to acquire 57% stake in Puma Energy Cnergy PK (formerly Byco) is in its final talks to acquire majority stake of 57 per cent in Puma Energy (previously Admore). Cnergy has already intimated this matter in its notification to the stock exchange in December 2021, saying that the company is in negotiations with … Read more
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president Mian Nasser Hyatt Maggo has expressed astonishment at the purchase of liquefied natural gas (LNG) at the rate of $30.6/MMBTU and said that this rate will destroy the fuel supply safety and foreign exchange reserves of the country, a statement said. Welcoming the visit … Read more
KARACHI: In line with the selloff in global equity markets, the local bourse witnessed profit-taking, as Covid cases keep on increasing, leading to more stringent lockdowns, dealers said on Wednesday. An analyst at Pearl Securities said the market witnessed a bearish session and closed in the red zone due to the substantial rise in the … Read more
