Stories from Kazim Alam
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Divestment: Majority shareholder in Meezan Bank to sell stake
It is going to offer 49.1% shareholding in Pakistan’s largest Islamic bank at $190m.
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Money inflow: FDI increases during July-November
Rise happens despite lower November figures.
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Foreign exchange reserves hit 12-year low, reveals SBP data
$2.9b left in the kitty as rupee depreciates further.
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Improved recoveries: Bad loans shrink with decline in interest rate
Banking industry’s NPLs drop Rs11.1 billion in July-Sept quarter.
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Gold prices expected to bounce back by March
Jewellers body terms current downturn in prices of precious metal temporary.
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Buy-out: Interested Chinese group tries to acquire Masood Textile Mills
Notice sent to KSE; share price of manufacturing company appreciates.
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Investment hotspot: Investor confidence drives stock market boom
Foreign investors pour $141.3 million into bourse in July-Oct this year.
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Budgetary support: Money supply rising to meet govt’s borrowing needs
Number of banknotes in circulation increases 16% in last 5 months.
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Public subscription: IPO of Engro Fertilizers entering final phase
Investors will subscribe to 18.75m shares at the rate of Rs28.25 per share.
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Price manipulation: Big insurance company being investigated for insider trading
Trading in Adamjee stock soars 5.5 times before bonus shares announced.
