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The Pakistan Stock Exchange (PSX) (Urdu: پاکستان اسٹاک ایکسچینج), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [ 4 ] [ 5 ] PSX was classified by MSCI as a frontier market on 8 September 2021.
The Legal Framework Order, 2002 was issued by Pakistani president Pervez Musharraf in August 2002. It provided for the general elections of 2002 and the revival of the 1973 Constitution of Pakistan, and added numerous amendments to the Constitution. The following month, the Supreme Court overruled Musharraf, ruling that the amendments would ...
Initial public offering. An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors [1] and usually also to retail (individual) investors. [2] An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more ...
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
Youm-e-Takbir. Youm-e-Takbir (Urdu: یومِ تکبیر; lit. The day of greatness) is celebrated as a national day in Pakistan on May 28 in commemoration of Chagai-I and Chagai-II series of nuclear tests. The nuclear tests made Pakistan the seventh nation to possess nuclear weapons and the first in the Muslim world. [1][2][3][4]
Engro Corporation (Engro) (Urdu: اینگرو کارپوریشن) is a Pakistani conglomerate headquartered in Karachi. [3][4] Founded as a fertilizer business in 1965, Engro is one of the largest companies in the country, [5] employing over around 3,500 individuals across the Group. [1] It operates in five industry areas: Food and Agriculture ...
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. [1] [2] While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. [3]
Pakistan's electricity sector is a developing market. For years, the matter of balancing the country's supply against the demand for electricity had remained a largely unresolved matter. The country faced significant challenges in revamping its network responsible for the supply of electricity. Electricity generators were seeking a parity in ...