HeadlinesSBP-held reserves up by $15mn to $9.1bn
Total liquid foreign reserves held by the country stand at $14.6 billion as of May 10, 2024.
May 16, 2024
News Desk
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HeadlinesSearle Company to divest entire stake in Searle Pakistan Limited
Board approves disposal of 100% shareholding; negotiations for terms underway
May 15, 2024
HeadlinesADB sells $3.5bn 2-year global benchmark bond
Transaction is lead-managed by Credit Agricole CIB, Deutsche Bank, JP Morgan, and Nomura.
May 15, 2024
HeadlinesPSX maintains bullish momentum on economic optimism
Benchmark Index retreats after touching 75,115.32 level driven by hopes of easing inflation, rate cut, and IMF talks
May 15, 2024
HeadlinesNational Bank of Pakistan added to MSCI Frontier Market Index
Inclusion expected to boost Pakistan's index weight; foreign investment shows positive trends ahead of June implementation.
May 15, 2024
HeadlinesCnergyico halts refinery due to excess petroleum stocks
Refinery faces unavoidable ullage issues pertaining to alarmingly high stocks of HSD, PMG
May 14, 2024
HeadlinesGhazi Fabrics Int'l Ltd. temporarily halts spinning unit operations
Company cites rising power costs, limited availability of quality cotton at reasonable prices as reasons behind shut down
May 14, 2024
HeadlinesService Long March Tyres announces Rs30bn investment to double its capacity
Company also intends to increase its exports to $100mn in 2025 and start a new project exporting specialised tyres to EU and the USA
May 13, 2024
HeadlinesGovt faces IMF pressure to overhaul tax laws, limit tax incentives
Fund advocates for the removal of FBR and cabinet privileges in granting tax incentives
May 13, 2024
HeadlinesRMS withdraws bid to acquire 87.96% stake in Escorts Investment Bank
Deadline to make public announcement lapsed on May 12, 2024, without necessary approvals
May 13, 2024
HeadlinesBulls dominate PSX as KSE-100 surges over 700 points
Experts credit this bullish trend to anticipated rate cut, IMF talks
May 13, 2024
HeadlinesPakistan-IMF talks for new loan program begin today
The country seeks a larger and longer loan program to stabilise and revive its economy
May 13, 2024