The Pakistani rupee registered significant gain against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Friday. At 10:20am, the local currency was hovering at 280.90, up by Re0.21 against the US dollar. On Thursday, the local unit closed at 281.11, according to the State Bank of Pakistan (SBP). Globally, the US dollar remained on the back
After posting its second-highest single-session gain of over 7,033 points the previous day, the Pakistan Stock Exchange (PSX) experienced a volatile session on Wednesday. However, the benchmark KSE-100 index managed to rise by 210.36 points, closing at 165,686.38, supported by value-hunting and optimism surrounding the staff-level agreement (SLA) reached with the International Monetary Fund (IM
United Bank Ltd (UBL) reported a 93 per cent year-on-year increase in its consolidated earnings for the third quarter of 2025, reaching Rs35.4 billion translating into earnings per share (EPS) of Rs14.1. This marks a 24pc increase compared to the previous quarter. For the first nine months of 2025, UBL posted a significant 104pc year-on-year growth in earnings, amounting to Rs100bn (EPS: Rs4
Pakistan and Egypt have agreed to enhance cooperation in the maritime and industrial sectors, aiming to foster joint ventures and promote their blue economies. The agreement was reached during a meeting between Maritime Minister Muhammad Junaid Anwar Chaudhry and Egypt’s Ambassador to Pakistan Dr Ihab Mohamed Abdelhamid Hassan on Wednesday. They emphasised the importance of bolstering econo
Pakistan’s textile and clothing exports fell by 1.99 per cent in September, marking the second consecutive month of negative growth. Official data shows that textile and clothing exports dropped to $1.57bn from $1.61bn in September 2024. This follows a sharper 7.34pc decline in August, reflecting ongoing challenges in the sector. The drop in September extends the volatility seen in the texti