The domestic cotton market maintained overall price stability this week, with the spot rate holding firm at Rs 17,800 per maund and trading volume showing improvement, even as futures prices on the New York cotton exchange fluctuated and a deepening crisis among ginning factories cast a shadow over the sector. According to Musaib Adil, the persistent instability in cotton pricing has discourage
Meezan Bank has achieved Rs 2 billion disbursements under the Government of Pakistan’s flagship affordable housing initiative, Wazir-e-Azam Apna Ghar Programme-Ghar Ho Tu Apna (GHTA). The Bank has also recorded its highest-ever monthly housing finance disbursements of PKR 1.3 billion, reflecting the strong and growing demand for its Shariah-compliant home financing solutions and reaffirming its
The government’s fiscal discipline and debt management have significantly improved Pakistan’s debt profile, bringing the debt-to-GDP ratio down from 75.2 percent in fiscal year 2022-23 to an estimated 68.5 percent in fiscal year 2025-26. The government had achieved primary fiscal surpluses for three consecutive years from fiscal year 2024 to fiscal year 2026, whereas the government’s debt growt
The Pakistan Stock Exchange (PSX) ended Thursday's session slightly lower as investors remained cautious amid persistent geopolitical tensions in the Middle East, while Wednesday's sharp selloff continued to weigh on market sentiment despite a partial intraday recovery. Investor confidence remained fragile after the benchmark index's steep decline in the previous session, with concerns over an
PICIC Insurance Limited (PSX:PIL) has received approval from the Sindh High Court for the Modified Scheme of Arrangement concerning the merger of Crescent Star Foods (Private) Limited with and into the company. The court's order, dated April 16, 2026, and passed in J.C. Misc. No. 45 of 2017, paves the way for the merger, subject to completion of all legal and procedural formalities, the company