Pakistan has offered to match global rice prices through a government-backed support mechanism and supply both basmati and non-basmati rice to Türkiye at internationally competitive rates. The development came during a high-level meeting between Federal Minister for Commerce Jam Kamal Khan and the Turkish Ambassador to Pakistan, Dr Irfan Neziroğlu, at the Ministry of Foreign Affairs (MoFA) to r
Packages Limited (PKGS), Pakistan’s largest paper and board producer, said on Wednesday that it had approved the redemption of 2,000,000 preference shares/convertible stock held by the International Finance Corporation (IFC), based in Washington D.C., as requested by IFC. The listed company disclosed development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday. A redemption noti
After a positive start, selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 600 points during the intra-day trading on Tuesday. At 12pm, the benchmark index was hovering at 188,001.04, a decrease of 586.62 points or 0.31%. Selling was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas expl
Haleon Pakistan Limited, formerly known as GlaxoSmithKline, has approved an investment of £3.58 million (USD 4.9 million) to expand and modernise its Panadol Liquid packaging line, as part of efforts to boost production capacity and improve operational efficiency amid rising demand. The pharmaceutical disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Tuesday. “Hal
Gold rose on Tuesday, after breaking through the $5,100 mark for the first time in the previous session, as safe-haven demand lingered amid geopolitical uncertainty, while silver also hovered near all-time highs. Spot gold climbed 1% to $5,065.07 per ounce, as of 0329 GMT, after scaling a record $5,110.50 the previous day. US gold futures for February delivery lost 0.4% to $5,059.90 per ounce.