The Pakistani rupee strengthened against the US dollar, appreciating 0.07% during the opening minutes of trading in the inter-bank market on Friday. At 10am, the local currency was hovering at 279.85, a gain of Re0.20 against the greenback. On Thursday, the local unit closed at 280.05. Internationally, the US dollar advanced at the start of the Asian session on Friday, as traders awaited the
The Pakistan Stock Exchange (PSX) maintained its bullish streak on Wednesday as the benchmark KSE-100 index touched a new record, supported by continued buying from institutional investors. The market commenced trading with a spike but it soon plunged to the intra-day low of 184,897 in the very first hour. Afterwards, investor sentiment improved and buying interest emerged, taking the market to
Bulls returned to the Pakistan Stock Exchange (PSX) after observing selling in early trade, with the benchmark KSE-100 Index gaining over 850 points during the opening minutes of trading on Thursday. At 11:20am, the benchmark index was hovering at 187,374.83, a gain of 856.12 points or 0.46%. Buying interest was observed in key sectors, including cement, chemical, commercial banks, oil and g
Pakistan's latest government securities auctions attracted strong investor interest on Wednesday, with the State Bank of Pakistan (SBP) raising a total of Rs1.09 trillion through treasury bills and Pakistan Investment Bonds (PIB) Floaters, while cut-off yields declined across all T-bill tenors. In the treasury bills auction, the government accepted Rs979 billion against a cumulative target of R
Pakistan's textile and apparel exports suffered a broad-based decline across its three largest markets, the European Union, the United States and the United Kingdom, during the first half of FY26, signalling a deepening competitiveness crisis for the country's largest export sector. Chairman of Pakistan Textile Council (PTC) Fawad Anwar said the downturn was not confined to a single product or