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Efforts underway to transform nuclear Pakistan into eco power: Dar
KARACHI: Deputy Prime Minister and Foreign Minister Ishaq Dar stated on Thursday that the government is actively working to transform Pakistan from a nuclear power into an economic powerhouse, aiming to restore its global standing. Addressing a press...
Aurangzeb calls for diaspora engagement to strengthen Pak-US ties
ISLAMABAD: In an effort to strengthen economic ties between Pakistan and the United States, Federal Minister for Finance Muhammad Aurangzeb held a meeting on Thursday with Rizwan Saeed Sheikh, Pakistan's Ambassador to the US. The discussions focused...
Rupee ends 2024 at 278.55 against USD
KARACHI: The Pakistani rupee ended the final session of 2024 with a slight depreciation of 0.03% against the US dollar, closing at 278.55, down by Re0.07 from the previous session's closing of 278.48, according to the State Bank of Pakistan (SBP). D...
KSE-100 ends 2024 nearly flat, posts 84% annual growth
KARACHI: The Pakistan Stock Exchange (PSX) saw its benchmark KSE-100 Index end the final trading day of 2024 nearly unchanged, though it posted an impressive 84% growth for the year, adding over 52,000 points. This surge was driven by strong economi...
FinMin Aurangzeb, gov SBP discuss economic stability
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mr. Jameel Ahmad, the Governor of the State Bank of Pakistan (SBP), at the Finance Division. The meeting served as a year-end review of Pakistan's economic and...
SBP to remain closed on Wed, December 25
KARACHI: The State Bank of Pakistan (SBP) announced on Monday that it will remain closed on Wednesday, December 25, 2024, in observance of Quaid-e-Azam Day and Christmas. In a statement, the central bank confirmed the closure in line with the public...
FBR updates password policy
KARACHI: The Federal Board of Revenue (FBR) has announced changes to its password policy, aiming to enhance the security of users' credentials. Under the new policy, users will be required to change their passwords every 60 days to maintain maximum...
KSE-100 surges by over 4,400 points
KARACHI: A significant surge in buying activity was observed at the Pakistan Stock Exchange (PSX) on Monday, as the KSE-100 Index jumped over 4,400 points, marking the second largest single-day point increase. The positive momentum lasted throughout...
IFC, local banks to finance $52.2mln for tyre production in Pakistan
KARACHI: The International Finance Corporation (IFC), a member of the World Bank Group, alongside a consortium of Pakistani banks including HBL, Meezan Bank, Bank Alfalah, and Habib Metropolitan Bank, will provide up to $50.2 million in financing to...
PSX Bloodbath: KSE-100 drops record 4,795 points
KARACHI: The Pakistan Stock Exchange (PSX) experienced another day of significant selling on Thursday as equities entered a correction phase. The KSE-100 Index, which had reached a historic high of 116,169.41 on December 16, 2024, plunged by 4,795 po...
