The price of 24 karat per tola gold decreased by Rs. 1,200 and was traded at Rs. 275,700 on Saturday… Read More
Banking Sector’s ADR Improves to 51.8% in December 2024
Bank advances increased by Rs. 700 billion as of December 27, 2024, according to the latest data by the State… Read More
Govt to Save Rs. 170 Billion Per Year After Latest Pension Reforms
The federal government is expected to save Rs. 1.7 trillion over the next decade (Rs. 170 billion/year) due to the… Read More
66% of the Historic 2024 PSX Rally Was Driven by These 3 Sectors
The benchmark KSE-100 index has posted a solid growth of 84 percent, adding 52,676 points during CY24. According to Topline… Read More
These Were the Major Developments in Pakistan’s Banking Sector in 2024
Pakistan’s banking sector maintained robust growth during 2024, experiencing a profitable trajectory, expansion in operations, and attractive returns on assets… Read More
Govt Postpones Sale of Pakistan National Shipping Corporation
The federal government has decided to postpone the privatization of the Pakistan National Shipping Corporation (PNSC) to explore alternative funding… Read More
D.M. Textile Mills Changes Its Line of Business to Real Estate
The Board of Directors and shareholders of D.M. Textile Mills Limited (PSX: DMTX), after considering the available resources, have decided… Read More
Pakistan Misses IMF Deadline to Amend Sovereign Wealth Fund Act
The federal government has failed to meet a key International Monetary Fund (IMF) condition to amend the Pakistan Sovereign Wealth… Read More
PBC Warns of 5 Key Risks That Could Reverse Economic Progress Made in 2024
The Pakistan Business Council (PBC) has acknowledged the economic stabilization achieved under the 2024 federal government but also discussed five… Read More
Finance Minister Commends Progress Made Under REMIT Program
Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired the 3rd meeting of the Revenue Mobilisation, Investment and Trade Program… Read More
Govt Imposes Another Condition on Pensions to Meet IMF’s Demands
The federal government has banned double pensions for its employees to meet conditions set by the International Monetary Fund (IMF),… Read More
Siemens Pakistan to Sell Its Energy Business for Rs. 17.8 Billion
Siemens (Pakistan) Engineering (PSX: SIEM) has approved the sale and transfer of its Energy Business Segment on a going concern… Read More
