Pakistan Engineering Company Limited (PSX:PECO) has avoided immediate action from the Pakistan Stock Exchange (PSX) after it submitted a cheque for the penalty it had earlier failed to pay, with the exchange holding back compulsory buy-back directions to its majority shareholders and sponsors until the cheque clears. If the company fails to fix the non-compliance, PSX will issue the buy-back di
The government of Pakistan has acquired an additional debt of Rs562.88 billion during the week ended October 02, 2026, which brings its total net retirement for ongoing fiscal year 2027 to Rs2.43 trillion, according to the central bank's weekly estimates. The government sector borrowings are divided into three broad categories based on the purpose of loan which are budgetary support, commodity
Pakistan's rupee has appreciated by around Rs2 against the US dollar since the Middle East war began, maintaining its strength despite rising energy costs, geopolitical uncertainty and higher global yields. The Pakistani rupee, extending its modest upward trend against the US dollar, gained 0.01% in the inter-bank market on Monday and closed at Rs276.97 per dollar. It was up three paisa from Fr
As winter is approaching, the struggle to keep kitchen stoves burning through cold months is set to carry a staggering price tag of $1 billion, fuelled by high costs of liquefied natural gas (LNG) imports from the open market triggered by the US-Israel-Iran war. Pakistan's government is set to import 10 LNG cargoes at double the price at which LNG is being imported from Qatar. These cargoes wil
The International Monetary Fund (IMF) has revised upward Pakistan's inflation forecast to 9.9% but kept economic growth unchanged at 3.5%, suggesting that it has not agreed to the government's projections of relatively low inflation and high economic growth for this fiscal year. The fresh figures have been released in the World Economic Outlook (WEO) report while the IMF's staff-level report wi