The inflow of overseas workers’ remittances into Pakistan stood at $3.4 billion in October 2025, the State Bank of Pakistan (SBP) data showed on Friday. Remittances increased by nearly 12% year-on-year (YoY), compared to $3.1 billion recorded in the same month last year. On a monthly basis, remittances were up over 7%, compared to $3.2 billion in September. During the first four months of th
In a major development for the country’s pharma sector, the Competition Commission of Pakistan (CCP) has authorised the acquisition of Novartis Pharma (Pakistan) Limited (Novartis Pakistan) by International Investment II Limited (IIL), the commission said on Saturday. The approval comes after the CCP completed its phase-I competition assessment under Section 11 of the Competition Act, 2010, and
AKD Group has joined the Arif Habib Corporation Limited (AHCL)-led consortium participating in the privatisation of Pakistan International Airlines Corporation Limited (PIACL). Arif Habib Limited disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you that AKD Group, through its company AKD Group Holdings (Private) Limited, has jo
Gold prices rose more than 1% on Monday, buoyed by expectations of another Federal Reserve interest rate cut in December and a slew of weak economic data that raised global slowdown worries. Spot gold gained 1.4% to $4,053.40 per ounce by 0435 GMT. US gold futures for December delivery rose 1.3% to $4,062.40 per ounce. “Gold is catching a solid bid from traders to kick off the week, with th
The Pakistani rupee continued to gain further ground against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Monday. At 10am, the currency was hovering at 280.62, a gain of Re0.2 against the greenback. During the previous week, the Pakistani rupee posted marginal gain as it appreciated by Re0.09 or 0.03% against the US dollar in the inter-ban