HeadlinesCCP sanctions strategic mergers to boost Saudi-Pakistani steel industry collaboration
The acquisition is part of a strategic initiative to consolidate PIF's investments in the steel industry
Feb 25, 2024
News Desk
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Headlines
HeadlinesForeign investment in Pakistan's equities, t-bills rises to $98m in January
Total SCRA inflows for the first seven months of the current FY amounted to $324 million
Feb 25, 2024
HeadlinesNon-textile exports rise in January, showcasing diverse sector growth
Exports of gems, furniture, molasses, and handicrafts faced declines
Feb 25, 2024
HeadlinesProvinces spend Rs542bn on development projects in 1HFY24
Mixed trends across provinces, Sindh leads with 141% increase in PSDP spending
Feb 24, 2024
HeadlinesMarket gains 4.9% WoW amid political, economic positives
Market participation declined, with average daily traded volumes dropping 15% week-over-week to 298 million shares
Feb 24, 2024
HeadlinesPower sector’s circular debt rises to Rs2.635trn
Power producers owe Rs1.760 trillion by Discos while gencos’ payables to fuel suppliers stand at Rs 111 billion
Feb 24, 2024
HeadlinesPakistan’s foreign borrowing hits $9.2bn in 7MFY24
The country secures additional $6 billion through deposit rollovers from Saudi Arabia, China, and the UAE
Feb 24, 2024
HeadlinesPakistan imports tea worth $391mn in 7MFY24
Imports increase by 22.13% YoY in January 2024
Feb 23, 2024
HeadlinesWeekly inflation increases by 31% YoY
Out of 51 items, prices increased for 23 items, decreased for 8 items, and remained stable for 20 items
Feb 23, 2024
HeadlinesPSX rises 900 points as IMF signals collaboration with new govt
Brokerage firm projects a market consolidation phase until the new coalition cabinet is announced
Feb 23, 2024
EconomySBP injects Rs776bn into market through OMOs
Rs481.5 billion was injected via reverse repo, Rs294.5 billion through Modarabah-based OMO
Feb 23, 2024
HeadlinesPakistan Cables to sell land for debt repayment
BOD approves the sale of 4.334 acres of the company's total 11.15 acres
Feb 23, 2024