Pakistan's foreign exchange reserves declined by $252 million, bringing the State Bank of Pakistan's (SBP) total holdings to $11.17 billion due to external debt repayments. As of February 7, 2025, Pakistan's total liquid foreign reserves stood at $15.86 billion, with the SBP holding $11.17 billion and commercial banks' reserves at $4.70 billion. "During the week ended on 07-Feb-2025, SBP res
The government is facing a host of challenges in the way of operationalising Gwadar Port despite offering a lucrative deal to the Chinese port operator. In a report submitted to the prime minister, several challenges have been identified like the reluctance of international insurance companies due to security challenges, higher port costs and the lack of road and rail infrastructure. Despite
Amid a dearth of positive triggers, the stock market repeated overnight performance, pulling the benchmark KSE 100 index further down on Thursday. Topline Securities Ltd said the local bourse saw a range-bound session, with the benchmark index swinging between an intraday high of 553 points and a low of 385 points. It eventually closed at 112,564 points, marking a decline of 361 points or
In line with a demand by the International Monetary Fund (IMF), the federal cabinet has given its nod to a proposed amendment in the Civil Servants Act 1973 that will bind government officials (BPS 17 to 22) to share details of their assets along with those owned by their family members. The cabinet meeting chaired by Prime Minister Shehbaz Sharif on Wednesday approved all decisions of its leg
Pakistan State Oil (PSO) delivered a stable performance in 1HFY25, posting 44 per cent increase in its unconsolidated net profit to Rs11.2 billion, translating into earnings per share (EPS) of Rs23.81 compared to 1HFY24 profit of Rs7.8bn and EPS of Rs16.51. The petroleum giant earned an unconsolidated profit of Rs7.2bn (EPS: Rs15.35) during 2QFY25. In a meeting held on Thursday, the company’