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Inter-corporate circular debt in petroleum sector hikes to Rs1,505 bn

Punjab's pension predicament - Newspaper


The assets of the Punjab Pension Fund (PPF) are estimated to grow to Rs84.7 billion at the end of the present fiscal year of 2020-21. The government, according to the provincial budget documents, has contributed Rs38.1bn into the fund in 13 years while the remaining Rs46.6bn has been earned through its investments.
The budget documents show the fund has earned a ‘reasonable’ real rate of return of 4.26 per cent per annum since its inception in 2008-09, illustrating the success of its investment strategy. “The investment strategy followed (by the PPF) over the years has worked well. The Pension Fund continues to earn an attractive real rate of return because of its high yielding portfolio of federal government debt like Pakistan Investment Bonds, Term Finance Certificates and National Saving Schemes. The fund’s equity portfolio has also posted a healthy return of 28.8pc during the outgoing financial year,” the documents say. ....

Punjab Pension Fund , National Saving Schemes , Pension Fund , Pakistan Investment Bonds , Term Finance Certificates , National Saving , Defined Benefit Pension Scheme , தேசிய சேமித்தல் திட்டங்கள் , ஓய்வூதியம் நிதி , பாக்கிஸ்தான் முதலீடு பத்திரங்கள் , கால நிதி சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , தேசிய சேமித்தல் , வரையறுக்கப்பட்டுள்ளது நன்மை ஓய்வூதியம் திட்டம் ,

Just In: Dunya Group acquires 70% shares of WorldCall


Just In: Dunya Group acquires 70% shares of WorldCall
Nayab KhanLast Updated: Feb 18, 2021
Dunya Group has bought 70% shares in WorldCall from Omantel for an undisclosed amount, we have checked with sources who were part of the deal.
Early reports suggest that deal between Dunya Media Group and Omantel that had 70% shares in WorldCall was signed yesterday and details are likely to be made public during next few days.
It merits mentioning here that 12% shares in WorldCall reside with Salman Taseer (late) while another 18% shares are floated publicly in Pakistan Stock Exchange.
Omantel had bought 65% controlling stakes in WorldCall in 2008 for $193 million. It later bought preferred shares of the company as well. ....

Salman Taseer , Dunya Group , Pakistan Stock Exchange , Askari Bank , National Bank , Worldcall Telecom , Dunya Media Group , Pakistan Stock , Wireless Local Loop , Term Finance Certificates , துணிய குழு , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , அஸ்கரி வங்கி , தேசிய வங்கி , துணிய மீடியா குழு , பாக்கிஸ்தான் ஸ்டாக் , வயர்லெஸ் உள்ளூர் வளைய , கால நிதி சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் ,

Panther Tyres raises Rs2.63b in IPO


Panther Tyres raises Rs2.63b in IPO
Financing will be utilised for expansion of its tyre, tube manufacturing capacity
10 of 20 funds outperformed benchmark 100 index. PHOTO: FILE
Panther Tyres Limited raised funds worth Rs2.63 billion through auction of 40 million shares to institutional, rich individual and retail investors at the Pakistan Stock Exchange (PSX) on Thursday.
The financing will be utilised for expansion of its tyre and tube manufacturing capacity.
The company got a share price of Rs65.8 each during the two-day (Jan 27-28) bidding process, which is better known as book building. The company made a new record during the auction as it sold shares at the upper limit. As per details, the company opened bidding at Rs47 per share, which could increase by a maximum of 40% to the upper limit of Rs65.8 in accordance with the prevailing laws. ....

Shahid Ali Habib , Pakistan Stock Exchange , Shelf Registration Programme , Consultant Arif Habib Limited , Panther Tyres , Bank Alfalah , Tyres Limited , Public Offering , Ali Habib , Federal Board , Medium Term Note , Term Finance Certificates , Tranche Series A , ஷாஹித் அலி ஹபீப் , பாக்கிஸ்தான் ஸ்டாக் பரிமாற்றம் , அலமாரி பதிவு ப்ரோக்ராம் , ஆலோசகர் ஆரிப் ஹபீப் வரையறுக்கப்பட்டவை , சிறுத்தை டயர்கள் , வங்கி அல்பாலா , டயர்கள் வரையறுக்கப்பட்டவை , பொது பிரசாதம் , அலி ஹபீப் , கூட்டாட்சியின் பலகை , நடுத்தர கால குறிப்பு , கால நிதி சிஇஆர்டிஐஎஃப்ஐசிஏடிஇஎஸ் , ட்ர்யாஂச் தொடர் ,