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Business

Web Desk
Jan 05, 2024

SBP reports highest forex reserves since July 2023

In a weekly update, the State Bank of Pakistan (SBP) reported a notable surge in foreign exchange reserves, revealing an increase of $464 million, reaching $8.2 billion as of December 29.

Business

Web Desk
Dec 29, 2023

PIA in trouble again; Finance Ministry hesitant to assist

The Ministry of Aviation has now engaged the Finance Ministry in a last-ditch effort to relax prudential regulation PR-8, particularly concerning commercial banks.

Business

Web Desk
Dec 29, 2023

SBP reports notable surge in forex reserves, reaching $7.75 billion

In a notable surge, the State Bank of Pakistan (SBP) witnessed a substantial increase of $852 million in its foreign exchange reserves within a week, reaching a total of $7.75 billion as of December 22, according to data released on Thursday.

Business

Web Desk
Dec 22, 2023

EXIM Bank set to revolutionise Pakistan’s export sector

Caretaker Finance Minister Dr Shamshad Akhtar, speaking at the launch ceremony, underscored the pivotal role of EXIM in facilitating the nation’s trade landscape.

Business

Web Desk
Dec 18, 2023

PSX breaks major winning streak with a loss of over 900 points

Pakistan Stock Exchange (PSX) witnessed a downturn, with the benchmark KSE-100 index experiencing a dip of more than 925 points.

Business

Web Desk
Dec 14, 2023

SBP reports notable increase in forex reserves

In a notable surge, the foreign exchange reserves held by the State Bank of Pakistan (SBP) experienced an increase of $20.6 million, equivalent to 0.29 per cent WoW, reaching $7.04 billion in the week concluding on December 8, 2023.

Business

Web Desk
Dec 14, 2023

PSX bounces back following steep decline

In today’s trading session, Pakistan Stock Exchange’s benchmark KSE-100 index embarked on a negative trajectory at the opening bell, mirroring the previous day’s downturn as it revisited the lows of approximately 64,400.

Business

Web Desk
Dec 11, 2023

Pakistan’s stock market closes with loss of over 200 points

PSX saw an intense fluctuation on Monday, with a range of 1,435 points, or from 66,564.04 (+340.41) to 65,129.00 (-1,094.63) points.

Business

Web Desk
Dec 07, 2023

SBP reserves witness weekly dip of $236.8 million

The State Bank of Pakistan (SBP) witnessed a decline in foreign exchange reserves, dropping by $236.8 million, or 3.26 per cent, week over week (WoW), to reach $7.02 billion by the week ending on December 1, 2023.

Business

Web Desk
Dec 01, 2023

Pakistan’s stock market surges 1.92% to close the week at 61,691

The KSE-100 benchmark index of the Pakistan Stock Exchange (PSX) demonstrated a robust performance, surging by 1,160 points, or 1.92 per cent, day-on-day (DoD), to conclude Friday’s session at 61,691.