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PABC raises Rs4.6b through IPO tribune.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribune.com.pk Daily Mail and Mail on Sunday newspapers.
Rawalpindi : Murree Brewery Company hosted the event of World Environment Day 2021 with the ‘Theme Eco Restoration’ in collaboration with Environmental Protection Agency Punjab,. ....
Pakistan’s can-maker applies for PSX listing UK-based firm to sell stake in beverage can company through IPO PHOTO: AFP KARACHI: Pakistan Aluminium Beverage Cans Limited (PABC), the sole manufacturer of aluminium cans for popular soft drinks in Pakistan and Afghanistan, applied on Friday for listing at the Pakistan Stock Exchange (PSX). The company has installed capacity to produce 600 million aluminium beverage cans in a year. It utilised 74% of capacity in 2020, as it exported some 35% of its production to Afghanistan, according to the company prospectus available at the PSX. UK-based asset management firm Ashmore, which holds 51% shareholding in PABC, will sell almost half of its shareholding (ie 26% of the paid-up capital) to institutional, rich individual and retail investors through book building and initial public offering (IPO) in June 2021. ....
COVID-19 Special: Pandemic drives surge in addictions Pakistan s grey area wine shops Rahul is a Hindu who works at a wine shop in Pakistan s most populous city, Karachi. Wine shops are legal in Pakistan s southern Sindh province for non-Muslim customers. However, Rahul said he delivers alcohol to anyone who will pay. Muslim, Hindu, Christian, many people drink. It s none of my business what their religion is, Rahul told DW, adding that he must be cautious. We have to be careful in this business as people can try to get you in trouble, he said. Rahul said he can make up to €280 euros every month at the wine shop, including tips from loyal customers for deliveries, a much better wage than his former job as a cotton laborer. ....
Market watch: PSX soars 2.2% as political turmoil eases Benchmark index skyrockets 978.51 points to settle at 44,766.59 Overall trading volumes surged to 455.5 million shares compared with Friday’s tally of 442.6 million. PHOTO: FILE KARACHI: Bulls dominated trading at the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 index rallied, gaining nearly 1,000 points on the back of strong investor sentiment. Clarity on the political front after the Senate chairman election – which saw Sadiq Sanjrani come back as the upper house chairman – and diminishing concerns over withdrawal of tax exemptions encouraged market players to buy stocks. Investors also took cue from global financial markets, which helped the index power past the 44,000-point mark. ....