In a major vote of confidence in Pakistan’s economic outlook and industrial potential, MG Motor Pakistan, backed by global automotive giant SAIC Motor, has announced a USD 20 million investment to expand its vehicle manufacturing plant. The expansion is set to introduce advanced automotive technologies to Pakistan and will support the company’s plans to broaden its product lineup through the la
Pakistan’s total liquid foreign exchange reserves recorded a slight increase of USD 26 million during the last week. According to the State Bank of Pakistan (SBP), the country’s total reserves stood at USD 21.434 billion end of last week ending February 27, 2026, compared with USD 21.408 billion recorded in the previous week ending February 20. During the week under review, the foreign excha
Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, after investors sought the safe-haven metal as uncertainty grew over a widening Middle East conflict. Spot gold was up 1% at $5,124.73 per ounce, as of 0255 GMT. The metal has lost roughly 3% so far this week, set to snap a four-week winning streak, as fading rate-cut prospects and higher energy prices s
Oil fell for the first time in six days as the US government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle East war. Brent crude futures were down $1.14, or 1.33%, to $84.27 per barrel and West Texas Intermediate down $1.46, or 1.8%, to $79.55 as of 0251
LSE Capital Limited announced on Friday that the Securities and Exchange Commission of Pakistan (SECP) had cancelled its license to operate as a Modaraba Management Company. The listed company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. The notice said that the SECP had accepted LSE’s request “for voluntary de-registration and has de-registered its Modaraba Management C