TRG Pakistan Limited (PSX: TRG) is reviewing its legal options, including filing an appeal, after the United States District Court for the Southern District of New York declined to grant the injunctive relief sought by the company and The Resource Group International Limited. In a notice to the Pakistan Stock Exchange (PSX) on Friday, the company said the order, issued on July 1, 2026, refused
S&P Global Ratings acknowledged Pakistan's progress in strengthening macroeconomic stability and appreciated the government's commitment to fiscal discipline, debt sustainability, external resilience, and structural reforms. The acknowledgement came during a meeting between a delegation from S&P Global Ratings and Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, held to disc
Pakistan’s total foreign exchange reserves climbed to $18.4bn by the end of fiscal year 2025-26, marking an increase of approximately $5.5bn from $13bn recorded a year earlier, reflecting a significant improvement in the country’s external liquidity position. Speaking on the development, State Bank of Pakistan (SBP) Governor Jameel Ahmad said the buildup in foreign exchange reserves has eased f
Workers' remittances are projected to exceed $41.5bn in fiscal year 2025-26, State Bank of Pakistan (SBP) Governor Jameel Ahmad said, showing continued strong inflows from overseas Pakistanis. Speaking at a media briefing in Karachi, the SBP Governor said that while the final remittance figures for June will be compiled in the coming days, preliminary estimates indicate that total inflows for F
The Pakistani rupee posted marginal gain against the US dollar in the inter-bank market on Thursday. At close, the local currency settled at 278.15, a gain of Re0.01 against the greenback. On Tuesday, the local unit closed at 278.16. Meanwhile, the US dollar held steady on Thursday as markets awaited key US non-farm payrolls data, while the yen’s slide to 40-year lows against the greenba