PABC IPO Oversubscribed by 3.3 Times
The book-building phase of Pakistan Aluminium Beverage Cans Ltd. (PABC)’s Initial Public Offer (IPO) has concluded with an oversubscription of 3.3 times, the company informed on Wednesday.The IPO received an overwhelming response from institutional inv…
Flour Mills Announce 2 Day Nationwide Strike
Pakistan Flour Mills Association has announced a two-day strike from tomorrow against proposing a hike in income tax on turnover of flour mills as well as increasing the sales tax on bran.Patron of Rawalpindi-Islamabad Flour Mills Association Tariq Sad…
Customs Warehouse Owners Need to Declare Bank Statements: FBR
The Federal Board of Revenue (FBR) will make it mandatory for any person or firm desirous of operating a customs warehouse to declare a bank statement showing sufficient funds in the bank account to cover the amount of duty/taxes leviable on the purpor…
Pakistan’s Largest Meat Company to Export Meat to Malaysia
Pakistan’s largest meat plant, Fauji Meat Limited, has been granted approval by the Government of Malaysia for exports, the Adviser to the Prime Minister for Commerce, Abdul Razak Dawood, announced on Tuesday.His tweet in this regard read: “This shows …
Govt to Issue Domestic and International Ijara Sukuk Worth $3.5 Billion
The government has decided to issue domestic and international Ijara Sukuk worth $3.5 billion against ‘Unencumbered’ assets of the government including Allama Iqbal Lahore, Islamabad, Multan International Airports and some portions of M-1 and M-3 motor…
Pakistani Live Game Show App Raises $400,000 In Seed Funding
Trivizia, a Lahore-based live video streaming platform, has secured $400,000 in seed round funding from 47 Ventures, a Pakistan-based firm focused exclusively on the country’s tech industry.Founded in late 2019, Trivizia’s app-based game show, Jeeto Na…