The primary KSE-100 Index broke beyond the 52,000 mark on Tuesday, marking a good trend for the Pakistan Stock Exchange (PSX) after rising by more than 500 points. The index increased by 521.43 points, or around 1.01%, to 52,004.35 at 12:30 p.m. Brokerage business Arif Habib Limited pointed out thatContinue Reading
ISLAMABAD : On Wednesday, the Pakistan Stock Exchange’s (PSX) 100-index dropped 91.34 points, or 0.22 percent, to close at 40,539.30 as opposed to 40,630.64 points the day before. The total number of shares exchanged throughout the day was 142,881,828 as opposed to 201,058,817 the day before. The price of theContinue Reading
ISLAMABAD: The release of Rs 60 billion in finance for Pakistan State Oil (PSO) to be able to satisfy its financial commitments was authorised at a meeting of the Economic Coordination Committee (ECC) of the federal cabinet, among other decisions. The bulk of this money will come from commercial banksContinue Reading
Customers of a few banks are having difficulties and experiencing inconveniences as a result of the lack of certain services, particularly at ATMs around the nation. Due to the increased demand for services including ATM, POS, cash transfers, and utility bill payments in the first week of the month, consumersContinue Reading
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Continue Reading
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofContinue Reading
The Pakistan Tehreek-e-Insaf (PTI) government borrowed $52 billion in external loans in three years and eight months, placing it first among the previous four governments. In fact, the PTI returned 70% of the debts incurred by previous governments. It had surpassed Pakistan Muslim League (PML-N), which had $49.761 billion inContinue Reading
Pakistan’s liquid foreign reserves fell by $115 million in the week ending April 30, 2022, representing a 0.7 percent drop week on week.According to the SBP weekly report issued on Friday, the country’s total liquid foreign exchange reserves fell by $115 million (-0.7 percent) on April 30, 2022, to $16.553Continue Reading
The National Bank of Pakistan (NBP) Board of Directors met to discuss the bank’s financial performance and approved the condensed interim financial statements for the three months ending March 31, 2022.As the most profitable bank, the National Bank of Pakistan has surpassed United Bank Limited and HBL. As a result,Continue Reading
On Thursday, the Federal Shariat Court deemed Pakistan’s Interest Act 1839 un-Islamic, ordering the government to replace the Riba-based financial system with an Islamic one within five years.On April 12, a full bench of the Federal Shariat Court (FSC), led by Chief Justice Muhammad Noor Meskanzai and included Justice Dr.Continue Reading