Pakistan Stock Exchange roared back to life on Thursday as bullish momentum dominated the trading floor. This sharp surge came on the heels of a surprise tweet by US President Donald Trump, who announced what he described as a historic trade deal with Pakistan.
The benchmark KSE-100 Index went up...
The State Bank of Pakistan's (SBP) latest Business Confidence Survey reveals a slight decrease in overall confidence across various sectors in March 2024. The Business Confidence Index (BCI) fell by 1.0 points to 51.7, with both the Industry and Services sectors contributing to the decline.
Current Business Conditions Weaken
The survey...
In a noteworthy directive, the State Bank of Pakistan (SBP) has called upon banks to adopt Shariah standards and practices formulated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). This strategic move underscores the SBP's commitment to enhancing the Islamic banking sector's adherence to globally recognized...
International Packaging Films Limited intends to raise PKR 1.47 billion by issuing 70.1 million shares to the public representing 10.01% of its post-IPO paid-up capital at a Floor Price of PKR 21.00/share.
The Book Building Dates are 8th & 9th May. The Company will utilize the proceeds raised from IPO...
The State Bank of Pakistan (SBP) has announced that it will begin publishing a Monetary Policy Report (MPR) on a biannual basis to provide a clearer assessment of the impact of its policy decisions.
The central bank has also released the advance schedule of Monetary Policy Committee (MPC) meetings for...
The Pakistani rupee maintained its upward momentum against the US dollar, appreciating 0.16% during the opening hours of trading in the inter-bank market on Wednesday.
At 10am, the currency was hovering at 281.97, a gain of Re0.45.
On Tuesday, rupee closed at 282.42.
Internationally, the US dollar weakened on Wednesday after a tame reading...
Business confidence in Pakistan has improved by 4 percent, though it remains in the negative, as reflected in the 25th Wave of the Business Confidence Index (BCI) survey conducted by the Overseas Investors Chamber of Commerce and Industry (OICCI). The survey was conducted across Pakistan during March-April 2024.
Rehan Shaikh,...
The International Monetary Fund (IMF) has rejected Pakistan’s proposal to impose a 1 percent water storage cess on all taxable goods to fund mega dam projects, and instead advised raising the 18 percent general sales tax rate if more development funding is needed.
he government planned to levy the cess...
The stock market failed to sustain its record gains on Wednesday, retreating into the red as profit-taking and concerns over the delayed privatisation of state-owned enterprises (SOEs) weighed on investor sentiment.
The KSE-100 index closed at 139,254.36, down 165.26 points or 0.12pc, after hitting an intraday high of 140,202.18 and...
