Business
Listed and private companies, deals, results and the people running them.
Two Pakistani IPOs in eight days, both comfortably covered, both priced at or within a rupee of their floors. That is a statement about the market.
23 Sep
A 60 percent price band, one week after APAG priced a rupee above its floor. The float, at 32 percent, is twice as good.
22 Sep
Oversubscription measures how many bids arrived, not what they were willing to pay. The strike settled 26% below the top of the range.
16 Sep
A ceiling on unpaid refunds is not a commitment to pay them. Rs390 billion is roughly $1.4 billion of private working capital held at zero interest.
15 Sep
Sugar is 18% cheaper than a year ago, which supports the decision. The IMF deadline to liberalise the sector passed in June.
10 Sep
PSMA says the surplus is a million tonnes and worth $800 million abroad. The 2024-25 cycle exported 765,734 tonnes and authorised 750,000 back in.
8 Sep
Pakistan's urea sales fell 14% year-on-year in August to 701,000 tonnes. Engro was the only producer to grow, and DAP fell 10% — the earliest signal on next year's harvest.
4 Sep
Louis Dreyfus has opened a 40,000-tonne grain facility in Multan, its first owned industrial site in Pakistan, in a year when wheat prices rose 87%.
3 Sep
OGDC has signed with Baker Hughes to raise recovery from 18 mature oil and gas fields. No investment figure, timeline or production target has been disclosed.
2 Sep
An SECP probe into PSX-listed Unity Foods has led to an FIA case, with alleged discrepancies including a Rs44.7 billion gap between published accounts and internal SAP records.
1 Sep
17,337 large retailers are now integrated with the FBR's POS system, up 31%, paying Rs132 billion. Restaurant sales tax rose 300% after integration — and a Rs200 million exemption blunts it.
31 Aug
The Supreme Court has upheld a Rs30 million penalty on the vanaspati manufacturers' association for fixing ghee and cooking oil prices — even though the prices were lower, at the government's request.
27 Aug