Maple Leaf Cement Factory Limited (MLCF) has launched a public offer to acquire up to 11.72% of Pioneer Cement Limited (PIOC) at Rs478.43 per share, following a prior agreement to purchase a 58.03% stake at the same rate. The combined transaction, representing 69.75% of PIOC’s shares, amounts to Rs75.8 billion ($270.5 million), according to filings submitted to the Pakistan Stock Exchange (PSX)
Pakistan’s total liquid foreign exchange reserves increased to USD21.09 billion as of December 12, 2025, supported by sizeable inflows from the International Monetary Fund (IMF), data released by the State Bank of Pakistan (SBP) showed on Wednesday. According to the central bank, forex reserves held by the SBP stood at USD15.89 billion, while net forex reserves of commercial banks amounted to U
Asian share markets rebounded on Friday as a turnaround in tech lifted Wall Street, leaving investors counting down to a likely hike in interest rates from the Bank of Japan that could cause waves for currencies and bonds. Sentiment also got a boost from a shock slowdown in U.S. consumer price inflation to 2.7%, though analysts cautioned the data were clearly distorted lower by the government s
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb met Thursday at the Finance Division with a delegation of the International Finance Corporation (IFC) led by Khawaja Aftab Ahmed, Director Middle East, Pakistan and Afghanistan, accompanied by Naz Khan, Acting Country Manager for IFC Pakistan. The meeting focused on strengthening strategic cooperation between Pakistan and IFC,
Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Thursday outlined the government’s perspective on the growing scale of virtual asset activity, emphasizing the need to bring such activity within a regulated framework to address risk management, compliance requirements, and consumer protection, while simultaneously fostering innovation in emerging financial technologies. The mini