HeadlinesSBP foreign exchange reserves rise by $19 million to reach $9.42 billion
Jul 18, 2024
News Desk
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HeadlinesGold climbs to record high of Rs254,000 per tola
This surge in gold rates is attributed to global trends as prices per ounce jumped by $60, reaching $2,470
Jul 18, 2024
HeadlinesFatima Fertilizer to acquire various instruments of Agritech from banks, financial institutions
Instruments include ordinary shares, convertible preference shares, non-convertible preference shares, zero coupon bonds and sukuks
Jul 18, 2024
HeadlinesPakistan’s inflation to remain elevated for ongoing fiscal year, forecasts ADB
Country’s public debt is expected to decline to 70% of GDP in 2024–2025 but interest payments to require a staggering 62% of revenues
Jul 18, 2024
HeadlinesPPL commences oil and gas production from Adhi South-8 well
New development well started production of 550 bpd of oil and 0.8 MMscfd of gas
Jul 18, 2024
HeadlinesIMF predicts 3.5% economic growth for Pakistan in FY25
Forecast slightly below government's target of 3.6% amidst global economic challenges
Jul 18, 2024
HeadlinesPetrol price increases by Rs9.99, diesel by Rs6.18 per litre
OGRA has adjusted these prices based on international market trends, says Finance Division
Jul 15, 2024
HeadlinesSky-high prices and record financing rates dampen FY24 auto sales: report
Sector reports a steep drop of 18% in passenger cars and 9% in Light Commercial Vehicles, due to excessively high costs fueled by supply chain disruptions, currency devaluation, and higher taxes
Jul 15, 2024
HeadlinesPakistan Oilfields announces significant hydrocarbon discovery in Attock
Jhandial-03 well in Ikhlas Block Attock District reveals substantial oil and gas reserves, expected to boost production within three weeks
Jul 15, 2024
HeadlinesSapphire Fibres acquires major stakes in UAE and Dutch power entities
Agreements signed with UAE-based UPHLC I Limited, UPHLC II Limited and Netherlands-based International Power UCH Holdings B.V to secure 50% shares
Jul 15, 2024
HeadlinesIMF deal ignites PSX rally, KSE-100 Index settles above 81,000 mark for the first time
Stock market responds positively to $7 billion IMF bailout and lack of new capital market taxes
Jul 15, 2024
HeadlinesCCP approves business restructuring of Engro Corporation
Group restructuring involves three merging parties namely Dawood Hercules Corporation Ltd, Engro Corporation Ltd and DH Partners Ltd.
Jul 13, 2024