'Eligible Securities' list issued for trading from December contract
The management of Karachi Stock Exchange (KSE), with prior approval of the Securities and Exchange Commission of Pakistan (SECP), has approved the revised list of 'Eligible Securities' for trading in Cash Settled Futures Contracts. The new list will be implemented from December 2009 contract, a KSE notice issued here on Tuesday said.
Pakistan State Oil (PSO) receivables up at Rs93bn
Outstanding dues of Pakistan State Oil (PSO), which is already struggling with payment crisis, have surged to Rs93 billion owed by various institutions.
A private television quoting sources privy to the industry reported Tuesday that if the PSO does not get Rs40 billion by August 27, then the PSO will be pushed to the wall.
Nishat Mill Limited (NML) to add to its MCB stake
Nishat Mill Limited (NML) in its board meeting Tuesday approved further purchase of stakes in MCB Bank Limited up to sum of Rs1.80 billion. The company currently holds 6.92 per cent equity in the share capital of the Bank which has been diluted from 8.03 per cent due to issuance of GDR by the Bank in 2006.
Nishat Mills recommends Rs2 dividend
The board of directors of Nishat Mills Limited has recommended a final cash dividend of Rs2 per share for the year ended June 30, 2009.
The company announced a profit after tax of Rs1.27 billion for the year, 78 per cent lower than Rs5.86 billion net profit earned last fiscal year...
National Bank of Pakistan (NBP) chief says will boost global network
Chairman National Bank of Pakistan, Syed Ali Raza said Tuesday that NBP is planning to expand its international branch network to develop unique franchise system in South Asia, Middle East and Central Asia.