In a Rs105 billion transaction, the government on Wednesday approved swapping of its ownership in Pakistan Security Printing Company (PSPC) to State Bank of Pakistan (SBP) against full control of Zarai Taraqiati Bank Ltd (ZTBL) to meet a commitment made with the International Monetary Fund (IMF). The Cabinet Committee on State-Owned Entities (CCoSOE), at a meeting presided over by Finance Minis
Pakistan’s exports to European countries grew 9.41 per cent in the first eight months of the current fiscal year from a year ago, mainly due to higher shipments to western and southern states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $5.921 billion in July- February FY25 from $5.412bn last year, according to data compiled by the State Bank of Pakistan. The exp
With a 2.5 per cent economic growth forecast for the current fiscal year, the Asian Development Bank (ADB) has highlighted several downside risks to Pakistan’s nascent and fragile economic stabilisation and recovery, cautioning against complacency or any deviation from the ongoing IMF programme. In its annual flagship report, Asian Development Outlook (ADO) April 2025, the Manila-based lending
The Pakistan Stock Exchange on Tuesday began to recover as shares gained 622 points, a day after the index experienced losses. The benchmark KSE-100 index was up by 622.95, or 0.54 per cent, to stand at 115,532.43 at closing from the last close of 114,909.48.Yousuf M. Farooq, director research at Chase Securities, said, “The stock market has rebounded from yesterday as Asian markets recover.
The Pakistan Stock Exchange (PSX) witnessed bullish momentum on Tuesday, with the benchmark KSE-100 Index rising 622.95 points to close at 115,532.43. The index touched an intraday high of 116,692.29 and a low of 115,560.90, reflecting steady investor interest throughout the session.Trading volume remained robust, with 338.9 million shares exchanged, and the market's total value reaching Rs27.2