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Selling engulfs bourse, KSE-100 sheds nearly 600 points after SBP keeps policy rate unchanged

After a positive start, selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 600 points during the intra-day trading on Tuesday. At 12pm, the benchmark index was hovering at 188,001.04, a decrease of 586.62 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas expl

Haleon Pakistan to invest $4.9mn in Panadol Liquid packaging expansion

Haleon Pakistan Limited, formerly known as GlaxoSmithKline, has approved an investment of £3.58 million (USD 4.9 million) to expand and modernise its Panadol Liquid packaging line, as part of efforts to boost production capacity and improve operational efficiency amid rising demand. The pharmaceutical disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “Hal

Gold, silver rise to near record highs on safe-haven demand

Gold rose on Tuesday, after breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near all-time highs. Spot gold climbed 1% to $5,065.07 per ounce, as of 0329 GMT, after scaling a record $5,110.50 the previous day. US gold futures for February delivery lost 0.4% to $5,059.90 per ounce.

P&G exit: PSX sets Rs700 minimum buyback price for Gillette Pakistan delisting

After reviewing, the Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange (PSX) has rejected the Gillette Pakistan Limited (GLPL) sponsors’ proposed buyback price of Rs216.49 per share and instead set a much higher minimum buyback price of Rs700 per share for GLPL. The decision was taken during a meeting of the VDC held on Monday, where the committee considered GLPL’s application

S&P’s projections for Pakistan ‘broadly align’ with SBP’s outlook, says Khurram Schehzad

Khurram Schehzad, Adviser to the Finance Minister, on Tuesday said that S&P Global Market Intelligence (S&P )’s latest macroeconomic forecasts for Pakistan broadly align with projections from the State Bank of Pakistan (SBP). In a statement, Schehzad shared that S&P projects inflation at 5.1% in 2026, rising slightly to 5.6% in 2027, indicating a “slight increase”. The SBP, meanwhile, has forec