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PIA sell-off: Privatisation Commission says ‘fully prepared’ for second attempt
ISLAMABAD: The Privatisation Commission (PC) has said that it is “fully prepared” for the second attempt at the Pakistan International Airlines’ (PIA) sell-off, with “several returning bidders and parties participating in th...
PCDMA Chairman urges FBR to conduct awareness sessions on SRO 55(i)/2025
KARACHI: The new conditions introduced by the Federal Board of Revenue (FBR) through SRO 55(i)/2025, which require the filing of monthly stock statements, consumption data, complex purchase, sales, and stock reports, have become a significant challen...
KSE-100 loses over 1,500 points
KARACHI: The Pakistan Stock Exchange (PSX) faced significant selling pressure on Monday, with its benchmark KSE-100 Index closing down by over 1,500 points, or 1.32%, at 112,745.01. The market mirrored global trends, reacting negatively to US Preside...
Pakistan, SFD ink pacts worth $1.61bn
ISLAMABAD: On Monday, a significant step was taken to strengthen the bilateral economic cooperation between Pakistan and Saudi Arabia, as Prime Minister Shehbaz Sharif and Sultan Abdulrahman Al-Marshad, Chief Executive Officer of the Saudi Fund for D...
Rupee registers marginal decline against USD
KARACHI: The Pakistani rupee experienced a marginal decline of 0.04% against the US dollar in the inter-bank market on Thursday, closing at 278.97, down by Re0.1 from Wednesday’s rate of 278.87. Internationally, the US dollar remained stable,...
KSE-100 ends 3-day losing streak, gains 1,700+ points
KARACHI: Buying returned to the Pakistan Stock Exchange (PSX) after three consecutive negative sessions, as the KSE-100 Index gained over 1,700 points. The index closed at 113,206.40, up by 1,719.04 points (1.54%), driven by strong performances from...
SBP foreign exchange reserves drop by $76mln, now at $11.37bln
KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) declined by $76 million on a weekly basis, reaching $11.37 billion as of January 24, 2025, according to data released on Thursday. This drop was primarily attributed to exte...
Pakistan, Serbia seek to strengthen bilateral trade and investment ties
ISLAMABAD: In a bid to strengthen bilateral trade and economic cooperation, Federal Minister for Commerce Jam Kamal Khan welcomed the high-level visit of Serbia's State Secretary for Foreign Affairs, Mr. Damjan Jovic, to Pakistan. During their meeti...
KSE-100 closes 543 points lower
KARACHI: Selling pressure continued at the Pakistan Stock Exchange (PSX) on Wednesday, with the KSE-100 Index closing 543 points lower at 111,487.36, a decline of 0.48%. The session began positively, reaching an intra-day high of 112,569.90, but mar...
OICCI hosts inaugural Climate Excellence Awards at 3rd Pakistan Climate Conference
KARACHI: The Overseas Investors Chamber of Commerce & Industry (OICCI) successfully concluded the 3rd Pakistan Climate Conference today, marking the event with the inaugural OICCI Climate Excellence Awards. The two-day conference brought togethe...
