KARACHI: The Pakistan equity market on Tuesday closed lower amid investors’ concerns over rupee falling to record low and political uncertainty. “The investors’ concerns over the current account deficit and higher import bills owing to surging global crude oil, coal and steel prices played a catalyst role in the bearish close,” Ahsan Mehanti at Arif … Read more
LONDON: Consumer goods giant Unilever said that it had approached Glaxosmithkline (GSK.L) about buying the pharmaceutical group’s consumer goods arm, after a newspaper reported that a £50 billion ($68.4 billion) bid it made had been rebuffed, Reuters reported. Unilever, which has been under fire from some investors for the group’s underperforming share price, confirmed the approach … Read more
KARACHI: Unilever Pakistan Foods has announced a net profit of Rs966.64 million for the quarter ended June 30, 2021, which is 7.48 per cent higher than Rs899.32 million recorded in the corresponding quarter last year, a bourse filing said on Wednesday. The earnings per share (EPS) for the quarter clocked-in at Rs151.75 as against Rs141.18 … Read more
