Habib Bank Limited (HBL), one of Pakistan’s largest commercial banks, expects yields on its investment portfolio to gradually increase as floating-rate securities reprice, the bank’s management said on Wednesday, while highlighting strong deposit growth, digital banking expansion and resilient asset quality. During an analyst briefing session, attended by KTrade, held to discuss the third-quart
Egypt has offered Pakistani companies opportunities to establish manufacturing operations in the North African country to benefit from its preferential trade arrangements with the United States. The development came during Federal Minister for Commerce Jam Kamal Khan series of bilateral meetings with Fareed S. Alasaly, Deputy Governor for International Organizations and Agreements of Saudi Arab
Oil prices fell for a fourth day on Thursday on expectations the losses US President Donald Trump’s Republican Party suffered in Congressional elections this week may reduce the risk of further escalation of the US-Israeli war on Iran. Brent futures fell 97 cents, or 1.03% at $93.65 a barrel as of 0211 GMT, while US West Texas Intermediate crude futures were down $1.14, or 1.29%, to $86.98.
Thatta Cement, a Pakistani cement maker, plans to enter the country’s electric vehicle (EV) market through a wholly owned subsidiary, initially importing completely built-up (CBU) electric vehicles from China. Thatta Cement, involved in the manufacturing and marketing of cement and also owns Thatta Power (Private) Limited, disclosed the development in a filing to the Pakistan Stock Exchange (PS
Buying continued at the Pakistan Stock Exchange (PSX) as investors awaited the results of the US midterm elections and their potential impact on peace talks in the Middle East, with the benchmark KSE-100 Index gaining nearly 1,000 points during the opening minutes of trading on Wednesday. At 9:55am, the benchmark index was hovering at 169,345.64, up 1,326.78 points or 0.79%. Buying was obse