Stories from Salman Siddiqui
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MSCI proposes to downgrade Pakistan’s stock market
May place PSX in Frontier Markets Index; announce final decision on Sept 7
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Oil transporters, govt to begin negotiations
Country may experience fuel shortage if agreement is not reached
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Fear of petrol shortage looms as oil tankers go on countrywide strike
Oil tankers association demands 50% quota in ‘White Oil Pipeline’
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PABC raises Rs4.6b through IPO
Can maker secures maximum allowed price of Rs49 per share
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Rupee drops to 157.51, gold shines
Currency depreciates in inter-bank market as IMF delays sixth review
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Power productions hits record high in May
Increase comes on back of expansion in industrial outputs
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FDI soars to 7-month high in May
Inflows were 63% higher at $198.3m compared to $121m received last year
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PSX introduces 90-day futures contract
Launch of new contract will eliminate need for one-week rollover period
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Citi Pharma attracts Rs2.3b in IPO
Company sold 72.7m shares to institutional, rich and retail investors at PSX
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Sindh govt to meet expenses through federal receipts
Estimates revenue collection of Rs1.45tr against expenditures of Rs1.47tr