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Cherat Cement to undertake BMR for Cement Line 1...

January 17, 2021 (MLN): The Board of Directors of Cherat Cement Company Limited, in its meeting held on January 18, 2021, has decided to undertake BMR for Cement Line 1 and install a main Crusher.

‘These measures will help improve the operational efficiencies of the Company’, the company said via a notification issued to PSX on Monday.

The total cost of BMR of Cement Line 1 and installation of main Crusher is approximately Rs. 3.5 billion. The projects will be principally financed through long-term loans.

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OMO Result: SBP Injects Rs.72.40 Billion for 4 Days

January 18, 2021 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation on Monday in which it injected Rs.72.40 Billion into the market for 4 Days.

Summary of OMO Result

  Amount*RateBids
TenorTypeOfferedAcceptedHigh - LowAcceptedOfferedAccepted
4DReverse Repo (Injection)100.40072.4007.11 - 7.047.0598
 
OMO Settlement: same day January 18, 2021
*Amount in Billions

 

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Samin Textiles Ltd receives PAI to acquire more than...

January 18, 2021 (MLN): Samin Textiles Limited has received a notice of Public announcement of intention from potential Acquirer i.e. Mr. Haroon Ahmad Khan to acquire more than 30% shares of the company, together with Management control.

For the aforesaid acquisition, Integrated Equities Limited (IEL) has been appointed as the Manager to Offer by the Acquirer.

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SBP to Conduct 4 Day OMO

January 18, 2021 (MLN): The State Bank of Pakistan (SBP) announced that it will conduct a 4 day OMO to inject funds into the market.

Quotes timing is: 11:30 PST while result will be announced at: 12:00 PST

Settlement is same day - January 18, 2021

 

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70 million tons of iron ore reserves newly discovered...

January 17, 2021: Chief Executive Officer Balochistan Board of Investment and Trade (BBIT) Farman Zarkoon has said that the province has tremendous opportunities for domestic and foreign investors in the minerals sector.

In a statement issued in Quetta, he said that high quality minerals have been discovered from different parts of the province including Recko Dik, Saindak and Dodar.

He added that Export Processing zones have been established in Saindak of district Chagai and Dodar in Lasbella district while Marble city is fully functional in Hub.

Farman Zarkoon said that more than seventy million tons of iron ore reserves have newly been discovered in areas of Pishin and Chagai districts.

He said that the Balochistan government will welcome all the local and foreign investors to invest in this natural blessed province of Pakistan especially in the field of minerals and other sectors.

Radio Pakistan

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