BeNewz Report Pakistan Stock Exchange opened the week on a positive note with the benchmark index crossing 149,000 points, while the rupee strengthened against the dollar. The Pakistan Stock Exchange (PSX) maintained its bullish trend on Monday, with the benchmark KSE-100 index climbing 231 points at the start of trading. …
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Aftab Maken ISLAMABAD: Despite its formidable position as Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company Limited (OGDCL) is navigating a challenging landscape marked by declining production, a substantial drop in profitability, and persistent operational hurdles. While the company touts its vast exploration acreage and strategic …
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Aftab Maken ISLAMABAD: A recent analysis of Pak-Arab Refinery Limited (PARCO), a crucial joint venture between the Governments of Pakistan and Abu Dhabi, paints a concerning picture of the company’s financial health and strategic outlook, despite its significant national asset base. The report highlights a perilous mix of liquidity strain, …
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Aftab Maken ISLAMABAD: The Federal Board of Revenue (FBR) is proposing stringent measures, including requiring FBR approval for future stock market investments by all, and outright barring non-filers from stock market participation. These proposals, discussed during a recent meeting of the Senate Standing Committee on Finance chaired by Senator Saleem …
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Aftab Maken After the announcement of a ceasefire between Pakistan and India, the Pakistan Stock Exchange (PSX) experienced a historic surge in trading activity of the opening day of the week. All the previous records of market gains were shattered, signaling renewed investor confidence and economic optimism. According to PSX …
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The Board of Directors of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest Exploration and Production (E&P) company, has reappointed Ahmed Hayat Lak as the Managing Director and Chief Executive Officer (CEO) for a term of three years. The listed E&P company informed the Pakistan Stock Exchange (PSX) of …
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