The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP), the third of this calendar year, will meet today (Monday) to discuss the country’s economic issues and decide on the policy rate. At its previous meeting, held on March 09, 2026, the MPC, in line with market expectations, kept its benchmark policy rate unchanged at 10.5%. Market experts showed mixed expectations regardi
Gold fell on Monday, pressured by a firm dollar, while higher oil prices heightened fears of inflation and higher-for-longer interest rates as US-Iran peace talks remained stalled. Fundamentals Spot gold was down 0.3% at $4,694.26 per ounce, as of 0059 GMT. Last week, the metal lost 2.5% to snap a four-week winning streak. Get the latest news from India and how it matters to the world w
Kot Addu Power Company Limited (KAPCO) announced on Monday that Fauji Cement Company Limited and KAPCO had successfully taken over a controlling stake (92.03%) in Attock Cement. This was announced in a notice to the Pakistan Stock Exchange today. “We would like to inform that the transaction has been executed today, i.e. on April 24, 2026, upon completion of all contractual conditions and co
Indus Motor Company Limited (INDU) announced that its board has approved an additional investment of Rs1 billion (~$3.59 million) to enhance what it called localisation of production. The company, the maker of Toyota-brand vehicles in the country, shared the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “This is in continuation of our letter dated August 30, 2024,
Oil prices were up more than 1% on Monday as peace talks between the US and Iran stalled while shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. Brent crude futures rose $1.35, or 1.3%, to $106.68 a barrel by 0453 GMT, retreating from early session gains of over $2 a barrel. US West Texas Intermediate was at $95.35 a barrel, up 95 cents, or 1%. Last