The Pakistan Stock Exchange (PSX) opened on a positive note, as investors cheered S&P Global’s upgrade of Pakistan’s sovereign credit rating to ‘B—’ from ‘CCC+’. The benchmark KSE-100 Index gained nearly 700 points during the opening minutes of trading on Friday.
At 10:05am, the benchmark index was hovering at 139,352.72 level, an...
MG Motors Pakistan, in partnership with Bank Alfalah, announces the launch of the ‘Freedom Package’ - a time bound Independence Day offer running from July 15 - August 15, 2025.
The initiative is tailored to offer customers with same-day delivery subject to some terms and conditions via Bank Alfalah’s Instant...
The Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its Annual Security Survey 2025, reflecting feedback from leading foreign investors operating across Pakistan. Covering the period from June 2024 to May 2025, the survey reveals a measurable improvement in the overall security environment, particularly...
Suggesting a pragmatic, phased-wise, and collaborative approach for the early retirement of coal-fired power plants (CFPPs), experts and energy economists, here at a webinar, have warned that abrupt decisions could jeopardize both energy security and economic stability in the country.
The webinar on “Early Retirement of Coal-Fired Power Plants in...
SECP, The Securities and Exchange Commission of Pakistan and the International Finance Corporation (IFC) have officially launched the ESG Pakistan Project, a three-year program to promote Environmental, Social, and Governance (ESG) standards in the corporate sector.
This move aims to align Pakistan’s businesses with global sustainability goals.
At the launch event...
The State Bank of Pakistan (SBP) is expected to cut interest rates in its next Monetary Policy Committee (MPC) meeting scheduled for July 30.
A growing number of market participants believe a cut is likely, according to a poll by Topline Securities. The survey found that 56% now expect a 50 to 100 basis points...
The K-Electric (KE) after several years of delay has started payments of electricity duty amounting to Rs32 billion, it has collected from consumers through monthly bills, to the Sindh government.
As per the agreement, the power utility has agreed to pay Rs1.25 billion to the provincial government in two installments.
This...
Haleon Pakistan has announced a fresh investment of $12 million to expand its manufacturing capacity, focusing on scaling up Panadol production. The move aims to meet growing domestic demand and ensure consistent availability of the widely used pain relief medicine.
Speaking at Haleon's head office, CEO and General Manager Qawi...
The National Assembly’s Standing Committee on Economic Affairs Division (EAD) expressed concern on Wednesday over the privatisation of profit-making power distribution companies (Discos) and the financial loss incurred from generating surplus electricity.
The committee, chaired by MNA Muhammad Atif, also reprimanded the National Highway Authority (NHA) for the absence of its chairman...
As a nationwide crackdown on sugar hoarders is underway, the Public Accounts Committee (PAC) has raised serious concerns over mismanagement in the sugar sector, loan defaults by mills, and large-scale irregularities involving public institutions.
During its sitting on Wednesday, National Food Security Secretary Amir Mohyuddin revealed that although the area under...
