IFC, local banks to finance greenfield tyre manufacturing facility in Sindh
The $50.2 million project aims to boost local tyre production, reduce imports, and create jobs
PSX sees massive buying as KSE-100 index surges over 4,400 points
Second-largest single-day gain in points as market rebounds on policy rate cut
PSX projected to surge past 165,000 level by December 2025: report
Market expected to climb 55% on macroeconomic stability and declining interest rates in CY25, forecasts AKD Securities
Greentree Holdings intends to acquire 35% stake in TRG Pakistan
AKD Securities appointed manager to the offer; acquisition remains subject to regulatory approvals
Banks edge closer to 50% ADR target to avoid tax penalty
Private sector lending hits record Rs1.35 trillion, exceeding the average for the last three years
PIA expands fleet; eyes European operations revival amid privatisation efforts
National carrier adds Airbus 320 and prepares for Europe-bound flights
Chinese ADM Group announces $350m investment to boost Pakistan’s EV sector
Investment to establish over 3,000 charging stations and a manufacturing plant, supporting Pakistan’s green energy transition
CCP takes action against collusive fresh milk pricing in Karachi
Three dairy associations penalised for colluding to influence fresh milk price
PM forms committee to review allowances for govt employeesÂ
This follows 25% salary raise for civil and military employees in June and more than 100% hike in judicial compensation last month
KP debt stock rises 28% to Rs680bn in a year, lenders warn of solvency risks
Interest payments surge 110% as financial challenges grow
Pakistan’s rice exports back on track after FIA raids
MNFS&R, REAP, MoC and others come to an agreement after days of export standstill
PSX rebounds with over 3200-point gain after historic selloff
Market sees positive momentum as key sectors show recovery
Pakistan secures $300mn loan through UBL at 7.2%-7.7% interest
First non-Chinese financing in years arranged by UBL through Gulf-based lenders; an additional $100 million facility may follow
Meezan Bank reassures customers of data security amid alleged ‘breach’
Bank emphasizes secure online practices in customer advisory while compensating victims of unauthorized transactions
State Bank’s reserves edge up by $30.7 million, total reserves cross $16.6 billion
Steady gains in reserves offer some relief amid Pakistan's ongoing fiscal challenges