K-Electric announced on Saturday the launch of Pakistan’s first-ever listed retail short-term Islamic debt instrument, the KE Retail Sukuk. The initial public offering (IPO) will open on Aug 4, offering individuals across Pakistan, including KE’s residential and commercial consumers, the opportunity to invest in this landmark financial product. During the current blackout phase, only individ
The cement industry made a strong start to the fiscal year 2025-26, reporting a remarkable 18.40 per cent increase in local despatches and an impressive 84pc jump in exports for July. According to data released by the All Pakistan Cement Manufacturers Association (APCMA), local cement sales reached 2.988 million tonnes in July, up from 2.524 million tonnes in the same month last year. Exports a
A trade agreement with the United States helped keep Pakistan stocks in bullish territory on Thursday, despite the central bank’s unexpected decision to maintain the policy rate. Investor confidence surged, driving the benchmark KSE-100 index back above the 139,000-mark on the back of value-hunting and strong macroeconomic cues. Topline Securities Ltd reported that the bulls dominated July, wit
United States President Donald Trump has introduced tariffs on exports from dozens of trading partners, including a 19 per cent tariff on Pakistani goods — revised from the previous 29pc — a day after the two countries finalised a trade agreement. According to an executive order detailing the tariffs, it was announced that Pakistan is set to face a 19pc tariff rate as Trump’s tariff deadline co
Pakistan’s largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, its Vice Chairman Usama Qureshi told Reuters on Friday, marking the country’s first-ever purchase of US crude following a landmark trade deal. The West Texas Intermediate light crude cargo will be loaded from Houston this month and is expected to arrive in Karachi in the second half of October, Qure