The Pakistani rupee strengthened against the US dollar, appreciating 0.09% during the opening hours of trading in the inter-bank market on Thursday. At 10am, the currency was hovering at 281.07, a gain of Re0.24 against the greenback. On Wednesday, the local unit closed at 281.31. Internationally, the US dollar regained its footing in early Asian trading on Thursday after the US Supreme C
After initial buying momentum, profit-taking was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 900 points during the intra-day trading on Wednesday. At 12pm, the benchmark index was hovering at 164,606.84, a decrease of 886.74 points or 0.54%. Selling pressure was observed in key sectors, including cement, commercial banks, oil and gas explor
In a key development, Pakistan has successfully repaid its $500 million Eurobond that matured on September 30, 2025, the Ministry of Finance announced on Wednesday. “Pakistan has successfully repaid its $500mn international bond (Eurobond) due on 30 Sep 2025 - as scheduled, in line with all its obligations,” said Khurram Schehzad, Advisor to the Finance Minister, in a post on social media platf
The Asian Development Bank (ADB) has sounded the alarm over Pakistan’s economy, warning of mounting downside risks to growth and stability, with inflation projected to climb to 6 percent in fiscal year 2026 on the back of flood-hit food supplies and higher gas tariffs. The Bank in its latest “Asian Development Outlook (ADO) September 2025,” stated that the fiscal year 2026 growth forecast uncha
Oil & Gas Development Company Limited (OGDCL), the largest exploration and production (E&P) company in Pakistan, has announced a significant gas and condensate discovery at its Bitrism East-1 well, located in District Khairpur, Sindh. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “OGDCL, the operator of Bitrism Exploration Licen