The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10:05am, the local currency was hovering at 280.15, a gain of Re0.16 against the greenback. On Monday, the local unit closed at 280.31. Internationally, the US dollar sagged to near a two-month low at the start of the Asian trading session o
DH Partners Limited (DHPL) has announced plans to amalgamate with Cyan Limited into Dawood Lawrencepur Limited (DLL) through a court-approved Scheme of Arrangement. DHPL announced the development via a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Under the proposed scheme, subject to the requisite corporate and regulatory approvals, including the sanction of the Islamabad High Cou
Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Monday. At 11:20am, the benchmark index was hovering at 170,867.20, an increase of 1,002.68 points or 0.59%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and ga
The Ministry of Finance clarified on Sunday that the recently highlighted structural benchmarks under Pakistan’s IMF Extended Fund Facility (EFF) are part of a phased, medium-term reform agenda agreed with the Fund, rather than abrupt or new conditions. The clarification comes after recent commentary describing the 11 benchmarks as “new conditions.” The Finance Division said the measures bui
Pakistan’s textile and apparel sector is approaching a critical point, with widespread layoffs and factory closures looming due to rising costs and weakening export momentum, the Pakistan Textile Council (PTC) Chairman Fawad Anwar has warned. According to a press release, textile and apparel exports reached $7.84 billion during July-November FY26, up 2.8% from the same period last year. Howe