1 min read

Three PSX Firms to Be Delisted After Failure to Clear Outstanding Dues

The Pakistan Stock Exchange has ordered mandatory share buybacks for three listed companies after their failure to clear outstanding financial obligations. The decision affects Haseeb Waqas Sugar Mills Limited, Dadabhoy Construction Technology Limited, and Imperial Limited. According to the exchange, majority shareholders of these firms will be required to provide an exit mechanism for minority […]

2 mins read

JS Bank purchases a further 7.7% shares in BankIslami

JS Bank expanded its shareholding in BankIslami by 7.7% by purchasing 86.3 million ordinary shares from its sponsor Emirates NBD Bank PJSC.  According to a stock filing made to the Pakistan Stock Exchange (PSX), “JS Bank Ltd. has acquired 86,316,964 ordinary shares (representing 7.79 percent of the assets) of BankIslami Pakistan Ltd. from Emirates NBD […]