KARACHI: Fauji Cement Company Limited (FCCL) would issue 800.5 million shares for every Askari Cement share as the equity swap ratio for the merger between the two cement makers is set at 5:1, which implies every one share of Askari Cement will be entitled to five shares of FCCL for the amalgamation between the two … Read more
KARACHI: The World Bank on Thursday projected Pakistan’s output growth at 3.4 per cent in the current fiscal year, which is revised upward from 1.4 per cent, considering enhanced economic activities. The World Bank said that the growth further strengthened to 4 per cent in FY23 with the implementation of key structural reforms, particularly those … Read more
ISLAMABAD: Pakistan’s exports to Australia increased 33 per cent during the fiscal year 2020/21 as against the exports of the previous fiscal year (2019/20), a senior government official said on Wednesday. In a tweet, Adviser to Prime Minister on Commerce and Investment Razak Dawood said that the country’s exports to Australia were recorded at $281 … Read more
KARACHI: The private sector borrowing registered a sharp increase of 218 per cent during the fiscal year 2020/21, owing to the enhanced commercial and industrial activities in the wake of the decline in the number of coronavirus cases during the period. According to the statistics issued by the State Bank of Pakistan (SBP) on Tuesday, … Read more
