On Friday, December 22, Credo Brands Marketing (Mufti Menswear) is likely to reveal the rationale behind its share-sharing. Over the course of the weekend or by Tuesday, bidders will receive emails, notifications, or notices regarding the revocation of their IPO mandate or the debiting of their funds. Investors reacted favorably to the garment company’s initial public offering. Between December 19…
For more than an hour, Elon Musk‘s X platform—previously known as Twitter—basically stopped operating. The timings for mobile apps stayed the same, and a placeholder message said, “Welcome to X! The best spot to see what’s going on in your world is right here. Pick a few people and subjects to follow at this time. The “significant international outage” that…
Regal Reckoning: Seres 3 EV Plummets in Price, Sparking Market Maelstrom In a move that sent shockwaves through the Pakistani automobile landscape, Regal Automobiles has slashed the price of its newly launched Seres 3 electric vehicle (EV) by a staggering Rs. 809,000, just a month after its grand debut. This unprecedented plummet, exceeding 8% of the original price tag, has…
Present Share Market: The local benchmark indices, the Sensex and Nifty 50, settled with substantial losses as bears gained control of D-Street late on Wednesday, December 20. Market observers attribute the slump to profit booking and blame the expensive mid- and small-cap companies for triggering the long-overdue correction. Read More The 30-share Nifty 50 concluded the day at 21,106.40, down…
The World Bank announced in a statement on Wednesday that the Board of Executive Directors has approved $350 million in support for Pakistan in an effort to enhance fiscal management and promote competitiveness for the country’s inclusive and sustained economic growth. We launched the first RISE-I programme two years ago. In December 2022, the Second Resilient Institutions for Sustainable Economy…
Over a five-year period, Pakistan Railways has significantly boosted the right of way (ROW) payments for a single-track crossing to an astounding Rs. 3.8 million. Dr. Umar Saif, the acting federal IT minister, recently announced long-awaited changes to telecom regulations along with a decrease in ROW costs for fibre internet in an attempt to spearhead the nation’s digital transformation. This…
Easypaisa Stays Green: Telenor Sale Won’t Disrupt Your Digital Wallet Across the bustling bazaars and verdant valleys of Pakistan, a recent announcement sent tremors through the financial landscape: Telenor, the Norwegian telecom giant, was selling its majority stake in Telenor Pakistan. Headlines crackled like monsoon lightning, rumours swirled like desert dust, and amidst the whirlwind, a crucial question arose: what…
Revving Up Debate: Is Yamaha YB125Z-DX Upgrade a Worthy Ride or a Costly Cosmetic Cruise? Across Pakistan’s bustling streets, a familiar silhouette has sparked a chorus of revving opinions: the new Yamaha YB125Z-DX. Touted as an “upgrade,” the model has divided riders like never before, leaving some cheering for a revamped steed while others slam the brakes, calling it a…
Inox India IPO: 61.28 subscriptions were made to Inox India’s Rs 1,459.32 crore initial public offering on the last day of bidding, December 18. Bids for 94.84 crore shares were received for the offer, compared to the 1.55 crore share offering size. High-net-worth individuals, or HNIs, controlled the market, choosing 53.20 times the shares allotted to them. Bookings for qualified…
The telecom industry has undergone considerable consolidation with the signing of a Share Purchase Agreement (SPA) by Pakistan Telecommunication Company Limited (PTCL) and the shareholders of Telenor Pakistan (Private) Limited (TPL) for the purchase of 100% of TPL’s shares for Rs 108 billion ($385 million). Telenor Last year, Pakistan’s future in the nation was a hot topic of discussion; however,…
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