Category Archives: Brokerage
President Azad Jammu and Kashmir Masood Khan says Pakistan has successfully defeated terrorism and extremism in all its forms.
Talking to a British Council delegation in Islamabad on Sunday, he said infrastructure of terrorists has been demolished and their back …
Minister for Kashmir Affairs and Gilgit-Baltistan Chaudhry Barjees Tahir has said that the government is making efforts to achieve the targets of development as envisioned by Quaid-e-Azam Muhammad Ali Jinnah.
Addressing a ceremony in Nankana Sahib today in connection with birthday of Quaid-e-Azam, he said that incumbent government has overcome the challenges of terrorism and extremism in the country.
Source: RADIO PAKISTAN
Karachi, December 20, 2016 (PPI-OT): International
China’s economic growth is expected to cool in 2017 as its top leaders flag tighter monetary policy and further curbs to clamp down on asset price bubbles, especially in the property market, even as a sharp drop in the yuan has fed fears of markets turmoil. http://www.reuters.com/article/uschina-economy-idUSKBN14807H
Karachi, December 20, 2016 (PPI-OT): Miscellaneous
Dutch company FrieslandCampina Pakistan BV (FC Pakistan) has completed its acquisition of a majority stake in Engro Foods at an estimated price of $446.81 million and the company is expected to bring in expertise and introduce new products. The Netherlands-based dairy company has acquired 51% stake at Rs120 ($1.14) per share in Engro Foods. It acquired 47.1% (or 361.29 million shares) from Engro Corporation, the parent company of Engro Foods, and another 3.9% (or 29.66 million shares) from general public, Faiz Chapra, Company Secretary, said in a notification to the Pakistan Stock Exchange on Monday. http://tribune.com.pk/story/1268342/foreign-directinvestment-dutch-company-acquires-engro-foods-446-81m/
Karachi, December 20, 2016 (PPI-OT): Steel
Acting Chinese Ambassador Zhao Lijian on Monday announced that China will set up a steel factory in Gwadar. “The steel factory will be three times bigger than the free economic zone being set up in the Gwadar city, and an agreement in this regard between China and Pakistan will be signed soon,” Zhao Lijian said while speaking at a conference on the China-Pakistan Economic Corridor (CPEC) organized by an Islamabad based think-tank, Strategic Vision Institute (SVI).http://nation.com.pk/business/20-Dec-2016/china-to-set-upsteel-factory-in-gwadar-under-cpec
Karachi, November 22, 2016 (PPI-OT): Amreli Steels Limited
Ready To ‘Steel’ the Show; BUY
Elixir Securities Limited initiate coverage on Amreli Steels (ASTL) with a BUY call with JS Securities Limited’s Dec-17 TP of PKR81/sh offering an upside of 21% …