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PSX

Global Footprint: BOP to establish Wholesale Banking Unit in Bahrain and Representative Office in UAE”

The Board of Directors of the Bank of Punjab (BOP) has approved the business plan to establish a Wholesale Banking Unit in the Kingdom...

MARI’s subsidiary secure mineral exploration licenses in the Chagai district of Balochistan.

The Directorate General Mines & Minerals Balochistan has granted two Exploration Licenses EL-322 and EL-323, and allotted area of 501.03 sq. km and 512.76...

Government Greenlights Tax-Heavy Budget Ahead of Crucial IMF Loan Talks

Pakistan’s parliament on Friday passed the government’s tax-heavy finance bill for the coming fiscal year ahead of more talks on a new bailout with...

KSE 100 Skyrockets to Historic 78k Milestone!

The Pakistan Stock Exchange (PSX) experienced a buying frenzy as the benchmark KSE-100 index surged by over 1,500 points during the opening hours of...
Economy
News Desk

Remittances surged by 13% YoY in Feb’24

According to the latest data from the SBP, Workers' Remittances dropped by 6.18% MoM in February to $2.25 billion, down from $2.4 billion in...
News Desk

Moody’s has revised Pakistan’s banking sector outlook from Caa3 negative to...

Moody's Investors Service (Moody's) has upgraded the outlook for Pakistan's banking sector from Caa3 negative to stable The report highlights the banks' resilient profitability and...
News Desk

SAZEW Three-Wheeler sales declined by 31.6% in Feb

The Sazgar Engineering Works Limited (PSX:SAZEW) announced the production & sales data for the month of February, 2024.Three-Wheelers: The company produced 1,518 units in the month...
News Desk

NA speaker summons Parliament’s joint session for presidential election on March...

National Assembly Speaker Ayaz Sadiq has summoned the joint session of the Parliament on March 9 to elect the next president of Pakistan. The speaker...
News Desk

Shehbaz Sharif elected as 24th Prime Minister of Pakistan

Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif has been elected the 24th prime minister of Pakistan, according to National Assembly Speaker Sardar Ayaz Sadiq. Shehbaz...
News Desk

CPI Inflation declined to 23.1% in Feb

CPI inflation clocked in at 23.1% on a year-on-year basis during the month of February, the Pakistan Bureau of Statistics (PBS) data showed on...