Meezan Bank, one of Pakistan’s largest commercial banks, has surpassed Rs3.05 billion in cumulative disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme – Ghar Ho Tu Apna (GHTA). “The milestone reflects the growing preference for Meezan Bank’s Shariah-compliant housing finance solutions and the bank’s continued commitment to m
Gold slipped on Monday as investors took profits after prices hit a seven-week high in the previous session, while markets looked to US inflation data for fresh clues on the Federal Reserve’s interest rate path. Spot gold was down 0.5% at $4,322.28 per ounce, as of 0200 GMT. Prices hit their highest since June 17 on Friday after weaker-than-expected U.S. jobs data. US gold futures fell 0.
Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the US must still meet other conditions. Brent crude futures rose 91 cents or 1.09%, to $84.46 a barrel by 0056 GMT, while US West Texas Intermediate crude futures rose 61 cents, or 0.78% to $78.79 a b
After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX) amid concerns around the opening of the Strait of Hormuz, with the benchmark KSE-100 Index shedding over 700 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 181,036.87, down by 739.72 points or 0.41%. Selling was observed in key sectors, including automo
The Pakistan Stock Exchange (PSX) crossed the 600,000-investor mark for the first time in its history, reflecting a sharp increase in retail participation and growing confidence in the country’s capital markets. According to data shared by the Finance Ministry on Thursday, the total number of investors reached 607,025 in July, while 23,973 new accounts were opened during the month, marking the