German leader urges more pressure on Russia in meeting with Trump
By MG News | Category Global Business
June 06, 2025 at 02:24 AM GMT+05:00
Germany’s newly elected Chancellor Friedrich Merz met with U.S. President Donald Trump at the White House today, marking his first official visit to Washington since assuming leadership of Europe’s largest economy last month.
Go to article
Pakistan reviews draft framework for digital assets regulation
By MG News | Category Economy
June 05, 2025 at 10:19 PM GMT+05:00
A comprehensive regulatory framework for digital and virtual assets in Pakistan was reviewed and refined during a follow-up
Go to article
Trump, Xi speak on trade, agree to ongoing talks
By MG News | Category Global Business
June 05, 2025 at 10:09 PM GMT+05:00
President Donald Trump and Chinese President Xi Jinping spoke Thursday in a nearly 90-minute call focused “almost entirely” on trade.
Go to article
Pakistan, U.S. officials discuss blockchain, financial innovation
By MG News | Category Economy
June 05, 2025 at 09:49 PM GMT+05:00
To strengthen cooperation in digital assets, blockchain regulation, and financial innovation, Pakistan’s Minister of State for Crypto and Blockchain
Go to article
SBP revises regulations to support SMEs
By MG News | Category Economy
June 05, 2025 at 09:29 PM GMT+05:00
The State Bank of Pakistan (SBP) has made a comprehensive review of the Prudential Regulations
Go to article
NEPRA clears Rs50bn in KE write-off request
By MG News | Category Economy
June 05, 2025 at 09:13 PM GMT+05:00
The National Electric Power Regulatory Authority (NEPRA) has allowed partial claims of Rs50 billion from K-Electric’s (KE) total write-off request of Rs76bn.
Go to article
SBP reserves fall $7.2m to $11.51bn
By MG News | Category Economy
June 05, 2025 at 09:01 PM GMT+05:00
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $7.2 million or 0.06% WoW to $11.51 billion during
Go to article
FCCL denies interest in ACPL, issues clarification on media speculation
By MG News | Category Equity
June 05, 2025 at 06:12 PM GMT+05:00
Fauji Cement Company Limited (PSX: FCCL) has issued a formal clarification in response to a news item circulating on electronic media dated May 30, 2025, which suggested a purported interest of FCCL in Attock Cement Pakistan Limited (ACPL)...
Go to article
Gold price in Pakistan rises Rs4,300 per tola
By MG News | Category Economy
June 05, 2025 at 06:00 PM GMT+05:00
Gold price in Pakistan increased on Thursday, with 24-karat gold being sold at Rs358,400 per tola, up Rs4,300...
Go to article
PSX Closing bell: Drop Zone
By MG News | Category Economy
June 05, 2025 at 04:12 PM GMT+05:00
The benchmark KSE-100 Index concluded Thursday's trading session at 121,641.00, showing a decrease of 157.86 points or 0.13%...
Go to article
PKR strengthens 5 paisa against USD
By MG News | Category Economy
June 05, 2025 at 03:34 PM GMT+05:00
The Pakistani rupee (PKR) strengthened by 4.97 paisa or 0.02% against the US dollar in Thursday's interbank session to settle the trade at PKR 282.17 per USD, compared to previous closing of 282.22...
Go to article
OMO Result: SBP injects around Rs855bn
By MG News | Category Economy
June 05, 2025 at 03:23 PM GMT+05:00
The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs855 billion into the market of which Rs655bn were injected through reverse repo OMO.
Go to article
SHFA to approve nearly 106m share acquisition in SMCI at EOGM
By MG News | Category Equity
June 05, 2025 at 02:46 PM GMT+05:00
Shifa International Hospitals Ltd (SHFA) held an Extraordinary General Meeting (EOGM) to consider and approve the acquisition of approximately 105.8 million shares of Shifa Medical Center Islamabad (SMCI) from all remaining shareholders...
Go to article
Weekly SPI increases by 0.02%
By MG News | Category Economy
June 05, 2025 at 02:26 PM GMT+05:00
Pakistan's short-term inflation increased by 0.02% compared to the previous week, while it fell by 0.02% compared to the same period last year, the Pakistan Bureau of Statistics (PBS) reported on Friday...
Go to article
Oil slips on U.S. fuel build, Saudi price cut for Asia
By MG News | Category Commodities
June 05, 2025 at 01:40 PM GMT+05:00
Oil prices slipped in early trade on Thursday after a build in U.S. gasoline and diesel inventories and Saudi Arabia’s cut to its July prices for Asian crude buyers...
Go to article