PSX Closing Bell: Started from the Bottom

The benchmark KSE-100 Index concluded Monday's trading session at 116,390.03

Lucky Investments raises Rs50bn in record breaking IPO

Lucky Investments Limited has successfully raised Rs50 billion during the Initial Public Offering (IPO)...

PSX Closing Bell: Because Green Days are Rare

The benchmark KSE-100 Index concluded Wednesday's trading session at 114,153.15

PSX Closing Bell: Breaking into Light

The benchmark KSE-100 Index concluded Tuesday's trading session at 112,030.36...

PSX Closing Bell: Stick to Your Strategy

The benchmark KSE-100 Index concluded Tuesday's trading session at 115,042.25, showing a decrease of 802.56...

Uraan Pakistan plan to generate $5bn from freelancing, gig economy

The "Uraan Pakistan" 13th Five-Year Plan (2024-2029) plan aims to generate $5bn in revenue through freelancing and the gig economy...

Investors eye BOJ's decision to hold interest rates steady

The Bank of Japan (BOJ) kept interest rates steady on Thursday...

ECC approves Rs10bn for urea subsidy dues

The Economic Coordination Committee (ECC) of the Cabinet on Wednesday...

PSX Closing Bell: We’re in the Money

The benchmark KSE-100 Index concluded Monday's trading session at 116,169.41, showing an increase of 1,867.61 points or 1.63%...

Bitcoin hits $100,000 for first time

Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump's decision to pick a crypto fan to head the US securities regulator.

PKR loses over 8 paisa against USD

The Pakistani rupee (PKR) deteriorated by 8.15 paisa or 0.03% against the US dollar in Thursday's interbank session to settle the trade at PKR 278.04 per USD...

Govt retires Rs123bn debt in a week

The government of Pakistan has retired a debt of Rs123.45 billion during the week ended November 15, 2024, which brings its total net retirement...

FBR pauses Affidavit rule for Sep tax returns

At the request of trade bodies and to ensure stakeholder confidence, the Federal Board of Revenue (FBR) has decided that the filing of an affidavit...

US housing market needs more Fed rate cuts to boost supply: Fitch

Federal Reserve rate cuts will relieve pressures on the U.S. housing market, but mortgage rates are unlikely to fall below 5% before 2027, Fitch Ratings says.

UBL Fund managers halt fresh unit issuances, conversions for UGIF, AIAIF

UBL Fund Managers Limited has decided to suspend the fresh issuance of units and Conversion-in in UBL Growth and Income Fund (UGIF) and Al Ameen Islamic...

IMF-driven tax reforms to target large agricultural landowners: President

The government was planning to tax agricultural income as per the International Monetary Fund's conditions, however, the provincial governments...

SGF steps up profits with 54.2% YoY surge in Q12024

Service Global Footwear Limited (PSX: SGF) reported its profit and loss statement for the quarter ended on March 31, 2024, wherein it registered...

Weekly Corporate Buzz

MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news...

Weekly Corporate Buzz

MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news...

Weekly Corporate Buzz

MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news...

Weekly Corporate Buzz

MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news...

Weekly Corporate Buzz

MG's Weekly Corporate Buzz provides the reader with a concise recap of the latest corporate news...

Finance Ministry sets timeline for 2024-25 Federal Budget

Finance Ministry has laid out a comprehensive plan for the presentation of the Federal Budget for the financial year 2024-25...

NBP issues foreign exchange rates

The Treasury management division of the National Bank of Pakistan (NBP) on Friday issued the following exchange rates...

NBP issues foreign exchange rates

The Treasury management division of the National Bank of Pakistan (NBP) on Thursday issued the following exchange rates....

NBP issues foreign exchange rates

The Treasury management division of the National Bank of Pakistan (NBP) on Wednesday issued the following exchange rates...

NBP issues foreign exchange rates

The Treasury management division of the National Bank of Pakistan (NBP) on Tuesday issued the following exchange rates...

Hyundai Santa Fe Hybrid offers Pakistani consumers a slice of hybrid pie

With the objective to redefine the automotive sector in Pakistan and to expand its presence in it, Hyundai...

CCP approves two mergers to boost FDI, ease gas shortage

The Competition Commission of Pakistan (CCP) has given the green light to two mergers, paving the way for....

Yen approaches 150 per Dollar, traders on intervention watch

The yen approached the closely watched 150 per dollar level on Monday and kept traders on intervention watch after the Bank of Japan and Governor...

Gold prices hold steady after hitting 2-week high on Fed rate pause hopes

International gold prices remained relatively stable on Tuesday after hitting a 2-week high, as market participants priced in a potential pause in....

$1.5bn making way to Pakistan as IFC doubles investment

International Finance Corporation (IFC) committed approximately $1.5 billion in short and long-term investments in Pakistan in fiscal year 2023...

ACPL's profit rises by 55.42% to Rs2.11bn Profit in FY23

Attock Cement (Pakistan) Limited (PSX: ACPL) 's profitability rose significantly by 55.42% YoY in FY23, clocking in its profit after tax at Rs2.11bn....

Electricity generation increases by 8.2% MoM in July 2023

The total power generation in the country increased by 8.2% MoM to 14,840 GWh during June 2023 as compared to 13,713 GWh in the corresponding month, monthly...

Supernet takes control of HCL with 62.84% acquisition

Hallmark Company Limited (PSX: HCL) has announced that the acquisition, which constitutes 62.84% of the total issued share capital of the company by Supernet...

Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators...

Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators...

Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators...

SECP registers IGI Life Insurance as pension fund manager

Promoting healthy competition in the pension management field, the Securities and Exchange Commission of Pakistan (SECP) registered IGI Life Insurance....

Key Pakistan Market Stats and Economic Indicators

Market Data and Economic Indicators...

ESG funds take a hit as investors withdraw funds amid market volatility

Equity funds with an environmental, social and governance (ESG) tilt suffered a large loss of investors in the three months to end-June, dragging the sector...

A Much Needed Surrender!

A surrender which was the need of the hour; Pakistan’s economic team has finally laid down their economic weapons to inch towards securing a much-needed.....

NBP issues foreign exchange rates

Treasury management division of the National Bank of Pakistan (NBP) on Monday issued the following exchange rates.

Mango Mayhem: Pakistan sets to record 20% drop in mango production

Mango crop in Pakistan is facing adverse effects of climate change during the current mango season....

A blind eye to default or a political milestone in the making?

The fresh and crisp statement by the Federal Minister for Finance and Revenue, Senator Muhammad Ishaq Dar, saying that....

Govt raises saving rates by 118 bps

The federal government has increased the profit rates for various National Savings Schemes (NSS) by up to 100 basis points (bps)...

PSBA urges SECP to hold listed companies accountable for withholding dividends

Since the shareholders at the Pakistan Stock Exchange (PSX) have not yet received their due dividend....

Govt all set to establish new oil refinery

The federal government is all set to establish a new oil refinery to cater to the growing energy needs of the country.....

FM urges CDA to accelerate development projects for overseas Pakistanis

Finance Minister Senator Mohammad Ishaq Dar on Wednesday directed the Capital Development Authority (CDA)...

Saudi Public Investment Fund ranks 5th with worth $620bn

 The ranking of Saudi Arabia’s Public Investment Fund (PIF) has improved from sixth to fifth place among the largest sovereign funds...

SBP reserves decrease by $36.4mn in a week

The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $36.4 million or 0.85% WoW...

Fed's warning sends DJ stocks plummeting

The Dow Jones Industrial Average experienced a significant drop of nearly 600 points On Tuesday, following Federal Reserve Chair Jerome...

APTMA requests US for soft loans worth $2bn

All Pakistan Textile Mills Association (APTMA) has requested for $2 billion soft loan to import 3.5 million US cotton bales...

SFD, Economic Affairs signs $1bn agreement to finance oil derivatives

Saudi Fund for Development (SFD) has signed an agreement with Pakistan worth $1 billion to Finance Oil Derivatives....

Pakistan to get financing of $3bn in FY23

Pakistan will receive $3 billion during this current fiscal year 2023, Secretary Planning Commission...

Dar, IMF ended meeting with no major conclusion

Finance Minister Senator Muhammad Ishaq Dar reiterated the commitment to complete the International Monetary...

IDB pledges $4.2bn to Pakistan for three years

The Islamic Development Bank (IDB) during Geneve Conference promised funding of $4.2 billion...

PM outlines comprehensive post disaster 3-year infrastructure framework

Prime Minister Shahbaz Sharif on Monday presented a comprehensive framework plan for flood recovery and rehabilitation of Pakistan while addressing the Internat

SBP raises Rs249.81bn in PFL Quarterly Auction

The State Bank of Pakistan (SBP) has raised Rs249.81 billion in quarterly Pakistan Investment Bonds Floating Rate (PFL)...

Repatriation of profit decreases to 83.41% YoY in 5MFY23

Repatriation of profit and dividends by foreign investors went down by 83.41% YoY in the first five months of this fiscal year (FY23)...

Egypt hikes policy rate by 300bps to 16.25%

The central bank of Egypt has hiked the interest rate by 300 basis points to 16.25%, the most since 2016

FDI decreases by 13.7% MoM in November 2022

The inflow of foreign direct investment (FDI) into Pakistan during November stood at $81.8 million against the inflow of $94.9mn recorded in the previous...

SBP reserves decrease by $14.9mn to $6.70bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $14.9million to $6.70 billion...

Pakistan signs $2.7bn loan with ADB

PAKISTAN signed a total of $2.7 billion in loans with the Asian Development Bank (ADB) in 2022...

FX reserves will increase in 2HFY23: SBP Governor

Foreign exchange reserves of the State Bank of Pakistan (SBP) will increase in the second half of the current fiscal year...

Pakistan receives $500mn from AIIB, deposited in SBP

Pakistan receives $500mn from AIIB, deposited in SBP

WB to provide support worth $1.3b to flood-hit farmers

World Bank will provide financial support of 1.3 billion dollars for an emergency, agriculture, and housing relief to the farmers in flood-affected areas

Restriction on imports results fall in revenue: FBR

Restriction on imports results fall in revenue: FBR

Workers' remittances decrease by 15% YoY in October 2022

Workers’ remittances recorded an inflow of $2.2bn in October 2022, indicating a 9% decrease over the last month while on yearly basis, it moved down by 15%

SBP reserves dip by 955.9mn

Foreign exchange reserves held by the State Bank of Pakistan fell by $955.9 million to $7.96 billion

AIIB approves $500mn co-financing for Pakistan

Asian Infrastructure Investment Bank (AIIB) has approved $500 million co-financing for Pakistan

Pakistan may get loan $7.75bn from China and Saudi Arabia

Pakistan is expected to receive financing of $4.75 billion from China through commercial banks and deposits and $3bn from the Saudi Arabia.

Pakistan, Turkiye agree to enhance cooperation

The Minister of the Economic Division and the Turkish Ambassador in a meeting on Friday agreed to enhance cooperation in economic, legal, and other sectors

ADB approves $100mn for KPK health system

The Asian Development Bank has approved $100 million for Pakistan to improve the health sector at Khyber Pakhtunkhwa (KPK).

SBP allows ECs to trade 20% of remittances

The State Bank of Pakistan (SBP) has allowed Exchange Companies (ECs) to trade 20% of remittances in the open market to ease pressure on the rupee

SBP reserves increase by $1.47bn

Foreign exchange reserves held by the State Bank of Pakistan surged by $1.47 billion to $8.91bn during the week ended on October 28

ADB approves $1.5bn to promote social protection, food security in Pakistan

ADB approves $1.5bn to promote social protection, food security in Pakistan

IMF, WB, IsDB assure Pakistan of continued support

IMF, WB, IsDB assure Pakistan of continued support

PKR loses Rs0.52 against the greenback

PKR loses Rs0.52 against the greenback

September remittances fall 10.5%MoM to $2.4bn

September remittances fall 10.5%MoM to $2.4bn

Finance Minister Ishaq Dar leaves for US

Finance Minister Ishaq Dar leaves for US

Pakistan paid $4bn as debt payment

Pakistan paid $4bn as debt payment

KSE-100 maintains winning streak with 549.15 points gain

KSE-100 maintains winning streak with 549.15 points gain

RDA inflows cross $5bn mark

RDA inflows cross $5bn mark

PKR gains Rs2.05 against the greenback

PKR gains Rs2.05 against the greenback

ADB to loan $1.5bn to Pakistan

ADB to loan $1.5bn to Pakistan

China trials cross-border settlement involving cenbank digital currencies

China trials cross-border settlement involving cenbank digital currencies

World Bank to provide $850mn to Pakistan

World Bank to provide $850mn to Pakistan

ADB approves $100mn for KPK to strengthen infrastructure

Weekly News Roundup

Weekly News Roundup

Businessmen demand to impose economic emergency, fix exchange rate

Businessmen demand to impose economic emergency, fix exchange rate

Pakistan international bond yields drop to 43.3%

Pakistan international bond yields drops to 43.3%

Oil imports soar by 2x YoY, hit record high at $23.31bn in FY22

Oil imports soar by 2x YoY, hit record high at $23.31bn in FY22

PSX Closing Bell: A Storm is Coming

PSX Closing Bell: A Storm is Coming

Rs46.86bn released for Power Division's projects in FY22

Rs46.86bn released for Power Division's projects in FY22

Chances of global recession nearing 50%: Citigroup

Chances of global recession nearing 50% -Citigroup

IT Ministry approves Rs32.13bn budget for USF, Rs3.75bn for Ignite

IT Ministry approves Rs32.13bn budget for USF, Rs3.75bn for Ignite

MODAM secures agreements for completing LSE Financial Services’ 26% capital

MODAM secures agreements for completing LSE Financial Services’ 26% capital

Russian rouble approaches multi-year highs after rate cut

Russian rouble approaches multi-year highs after rate cut

Govt sets PSDP outlay at Rs800bn

Govt sets PSDP outlay at Rs800bn