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Kazim Alam

Kazim Alam

Dawn Business

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Stocks suffer biggest-ever plunge of 2,534 points

KARACHI: Leveraged buyers led a selling spree at the Pakistan Stock Excha­nge on Tuesday, resulting in the biggest day-on-day decline in the...

27.12.2023 20

Dawn Business

Kazim Alam

Co-working space startup raises Rs200m

KARACHI: Co-working space firm Kickstart has successfully raised Rs200 million from Vital Group, which will help the startup grow its footprint in...

26.12.2023 80

Dawn Business

Kazim Alam

Stocks outshine all asset classes in 2023

KARACHI: Following a years-long spell of bearish activity, the stock market re-emerged as the highest return provider in 2023 by outperforming all...

24.12.2023 30

Dawn Business

Kazim Alam

PSX posts its second biggest fall ever

KARACHI: Share pri­ces dropped heavily on Tuesday, resulting in the second-biggest overnight fall in the 32-year history of the benchmark index. As...

20.12.2023 10

Dawn Business

Kazim Alam

Millat Group keen on acquiring Hascol

KARACHI: Troubled oil marketing company Hascol Petroleum Ltd said on Monday that Millat Energy Group is interested in buying 76 per cent of its...

19.12.2023 10

Dawn Business

Kazim Alam

‘Mobilise domestic savings to grow per capita income’

KARACHI: Former State Bank of Pakistan (SBP) governor Dr Ishrat Husain said on Thursday it’d take 70 years for Pakistan to double its per capita...

15.12.2023 20

Dawn Business

Kazim Alam

FM Shamshad calls for privatising State Life

KARACHI: Finance Minister Dr Shamshad Akhtar said on Wednesday that public-sector dominance in the insurance sector should be reduced by privatising...

14.12.2023 20

Dawn Business

Kazim Alam

‘Pakistan has no public disaster insurance plan’

KARACHI: Securities and Exchange Commission of Pakistan (SECP) Insurance Division Director Waseem Khan said on Tuesday Pakistan has no public...

13.12.2023 10

Dawn Business

Kazim Alam

Will Sukuk auction on stock market ‘threaten’ Islamic bank deposits?

KARACHI: The overwhelming success of the first-ever auction of Ijarah Sukuk on the Pakistan Stock Exchange (PSX) in the outgoing week has given rise...

10.12.2023 10

Dawn Business

Kazim Alam

PSX to hold first-ever Sukuk auction today

KARACHI: The Ministry of Finance is issuing for the first time a one-year Islamic bond through the Pakistan Stock Exchange (PSX) on Friday to raise...

08.12.2023 20

Dawn Business

Kazim Alam

Sui Southern Gas Company subsidiary to go public

KARACHI: Sui Southern Gas Company Ltd (SSGC) said on Wednesday it’s going to convert SSGC LPG Ltd, a wholly owned subsidiary, into a public limited...

07.12.2023 10

Dawn Business

Kazim Alam

SBP launches P2M payments under Raast

KARACHI: State Bank of Pakistan (SBP) Executive Director for Digital Financial Services Group Syed Sohail Javaad said on Tuesday the country’s...

06.12.2023 20

Dawn Business

Kazim Alam

Insurance player to get listed after reverse merger

KARACHI: The life insurance subsidiary of TPL Corporation Ltd is going to have a reverse merger with Dar-es-Salaam Textile Mills Ltd to achieve the...

30.11.2023 10

Dawn Business

Kazim Alam

Relentless PSX surges past 60,000 milestone

KARACHI: The benchmark of major shares galloped higher on Tuesday, crossing the psychological barrier of 60,000 points for the first time in history....

29.11.2023 20

Dawn Business

Kazim Alam

Islamic banks brace for minimum deposit rate

KARACHI: Share prices of Islamic banks took a beating on Monday, thanks to Finance Minister Dr Shamshad Akhtar’s recent statement that customers are...

28.11.2023 10

Dawn Business

Kazim Alam

Economic optimism fuels PSX rally

KARACHI: The stock market maintained its bullish run in the outgoing week owing to a number of positive developments on the macroeconomic front. Arif...

26.11.2023 10

Dawn Business

Kazim Alam

Cement maker completes biggest share buyback

KARACHI: Lucky Cement Ltd has completed a second share buyback exercise representing 6.5 per cent of its paid-up capital at spot prices, the company...

22.11.2023 9

Dawn Business

Kazim Alam

Customs to be separated from tax collection

KARACHI: Finance Minister Dr Shamshad Akhtar said on Thursday the government will separate the customs from the revenue collection mechanism as part...

17.11.2023 30

Dawn Business

Kazim Alam

Stock market hits new peak above 56,500 level

KARACHI: Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) for the third consecutive session on Monday, leading the benchmark...

14.11.2023 20

Dawn Business

Kazim Alam

Are computer science graduates up to the mark?

KARACHI: The perception that few among the 35,000-odd computer science graduates the country produces every year are actually skilled was reinforced...

12.11.2023 20

Dawn Business

Kazim Alam

Inching towards Islamic microfinance

KARACHI: SAFCO Microfinance Company Ltd (SMCL), one of the smaller players in an overwhelmingly interest-based microfinance industry, announced on...

11.11.2023 10

Dawn Business

Kazim Alam

PSX pushes for online-only broker regime

KARACHI: The Pakistan Stock Exchange (PSX) nud­ged “interested applicants” on Wednesday towards the ne­wly introduced online-only category of...

09.11.2023 6

Dawn Business

Kazim Alam

PM Kakar sounds note of optimism on financial inclusion

KARACHI: Prime Minister Anwaarul Haq Kakar said on Tuesday Pakistan is leading in terms of the opening of bank accounts in Edison Alliance’s global...

08.11.2023 10

Dawn Business

Kazim Alam

Pakistan third top recipient of Chinese finance: study

KARACHI: Pakistan is the third biggest recipient of Chinese development finance worldwide with a portfolio of $70.3 billion, according to a report...

07.11.2023 30

Dawn Business

Kazim Alam

Stocks shoot past record 53,000 level

KARACHI: The benchmark of major shares hit an all-time high on Friday as stock prices rose owing to declining yields on treasury bonds. The KSE-100...

04.11.2023 10

Dawn Business

Kazim Alam

PSX simplifies basic brokerage account opening

KARACHI: In a move to attract small investors who shy away from stock investing partly because of excessive documentation, the Pakistan Stock Exchange...

03.11.2023 10

Dawn Business

Kazim Alam

Pakistan needs $340bn to meet climate challenges, says FM Akhtar

KARACHI: Caretaker Finance Minister Dr Shamshad Akhtar said on Wednesday Pakistan is facing a trade-off between raising climate finance and...

02.11.2023 20

Dawn Business

Kazim Alam

DLL puts 50MW wind plant up for sale

KARACHI: Dawood Lawrencepur Ltd (DLL), a holding company for many textile and renewable energy firms, said on Tuesday it’s looking to sell its share...

01.11.2023 9

Dawn Business

Kazim Alam

Saudi firm eyes control of Shell Pakistan

KARACHI: Shell Pakistan Ltd (SPL) said on Tuesday it has received a public announcement of intention from Saudi Arabia-based WAFI Energy LLC to buy up...

01.11.2023 20

Dawn Business

Kazim Alam

PSX seeks feedback on proposed GEM reforms

KARACHI: The Pakistan Stock Exchange (PSX) has sought feedback from the stakeholders of the equity market on the proposed reforms for the Growth...

29.10.2023 10

Dawn Business

Kazim Alam

An AGM to remember, for all the wrong reasons

KARACHI: In the history of rowdy annual general meetings (AGMs), the latest huddle of the shareholders of Security Papers Ltd will go down as rather...

28.10.2023 5

Dawn Business

Kazim Alam

SBP imposes fines on four banks for rule violations

KARACHI: Enforcement actions in the July-Sep­tember quarter against four banks by the State Bank of Pakistan (SBP) resulted in penalties worth Rs83...

26.10.2023 10

Dawn Business

Kazim Alam

Stakeholders make case for carbon trading

KARACHI: Pakistan has substantial potential for emission reductions in energy, transport, industry and agriculture, which makes its marginal abatement...

25.10.2023 10

Dawn Business

Kazim Alam

Philip Morris, others quizzed over sudden share price hike

KARACHI: The compliance department of the Pakistan Stock Exchange (PSX) has sought a clarification from three listed companies for a “substantial”...

22.10.2023 10

Dawn Business

Kazim Alam

Pak Suzuki to delist amid ‘challenging times’

KARACHI: Pak Suzuki Motor Company Ltd (PSMC) said on Thursday its overseas sponsor controlling the majority shareholding will purchase all outstanding...

20.10.2023 7

Dawn Business

Kazim Alam

Dollar snaps 28-session losing streak

KARACHI: The winning streak of the rupee came to a halt on Tuesday after lasting for 28 consecutive sessions. Official data showed the local currency...

18.10.2023 10

Dawn Business

Kazim Alam

Pakistan International Container Terminal Ltd yet to find business opportunity

KARACHI: Pakistan International Container Terminal Ltd (PICT) said on Monday it has found no “immediate financial viable business opportunity” in...

17.10.2023 20

Dawn Business

Kazim Alam

UK firm shows interest in buying Shell Pakistan

KARACHI: Shell Pakistan Ltd (SPL) said on Monday it has received a public announcement of intention from UK-based Prax Overseas Holdings Ltd to buy...

17.10.2023 20

Dawn Business

Kazim Alam

EU carbon emission rules set to rattle Pakistan’s export sector

KARACHI: If you think the current affordability crisis in the country’s energy sector is bad, look out for the sustainability crisis that’s about...

15.10.2023 20

Dawn Business

Kazim Alam

Pak Suzuki may delist from Pakistan Stock Exchange

KARACHI: Pak Suzuki Motor Company Ltd (PSMC) may decide to delist from the Pakistan Stock Exchange (PSX) as its majority shareholder has expressed its...

13.10.2023 10

Dawn Business

Kazim Alam

SIUT offers to buy Regent Plaza hotel for Rs14.5bn

KARACHI: Pakistan Hotels Developers Ltd (PHDL) — which owns Regent Plaza, a multistorey hotel situated at a prime location on Karachi’s main...

12.10.2023 10

Dawn Business

Kazim Alam

Younus Dagha calls for ‘aggressive’ coal burning

KARACHI: Sindh Minister for Revenue and Industry Muhammad Younus Dagha wore the hat of an energy expert on Tuesday to fend off piercing questions from...

11.10.2023 10

Dawn Business

Kazim Alam

Data shows salaried people paying more for others’ tax avoidance

KARACHI: World Bank’s Lead Country Economist Tobias Haque said on Monday Pakis­tanis shouldn’t “get distracted” by the global lender’s...

10.10.2023 9

Dawn Business

Kazim Alam

Data shows salaried people paying more for others’ tax avoidance

KARACHI: World Bank’s Lead Country Economist Tobias Haque said on Monday Pakis­tanis shouldn’t “get distracted” by the global lender’s...

10.10.2023 7

Dawn Business

Kazim Alam

Pakistani firm gets listed on Nasdaq

KARACHI: Trading in the shares of Gamer Pakistan, one of the first Pakistan-based firms to get listed on a US stock exchange, began on Monday with the...

10.10.2023 8

Dawn Business

Kazim Alam

IMF, WB strategies fuel climate damage: report

KARACHI: The operating frameworks of the International Monetary Fund (IMF) and the World Bank Group (WBG) are ill-suited to respond to the climate...

04.10.2023 30

Dawn Business

Kazim Alam

Quarterly startup funding plunges

KARACHI: Pakistani startups raised a total of $6.8 million in just five deals in the July-September quarter, down 87.7 per cent from a year ago when...

01.10.2023 10

Dawn Business

Kazim Alam

Earnings of bank, energy companies surge 69pc

KARACHI: Profits of banks and energy firms involved in exploration and production (E&P) increased by more than two-thirds in 2022-23, an analysis of...

29.09.2023 20

Dawn Business

Kazim Alam

Cement maker to hold share buyback

KARACHI: Thatta Ceme­nt Company Ltd said on Wednesday it wants to buy back up to 15 million of its shares constituting about 15 per cent of the total...

28.09.2023 10

Dawn Business

Kazim Alam

Why stockbrokers are going out of business

KARACHI: Stockbrokers are going out of business in growing numbers as the brokerage industry faces consolidation amid an increasingly stern regulatory...

27.09.2023 10

Dawn Business

Kazim Alam

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