Positive momentum returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 500 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 162,464.85, a gain of 480.77 points or 0.30%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and gas
The Securities and Exchange Commission of Pakistan has approved amendments to the Pakistan Stock Exchange regulations aimed at promoting greater market transparency, strengthening investor protection, and developing a robust Shariah-compliant capital market ecosystem. The approved changes require PSX to publicly disclose all disciplinary actions taken against listed companies on its website. Th
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has proposed the establishment of a formal cooperation framework between Pakistan National Shipping Corporation (PNSC) and Bangladesh Shipping Corporation to deepen maritime collaboration between the two countries. The proposal, presented during a meeting in London with Dr M Sakhawat Hussain, Adviser for Shipping of Bangladesh
Pakistan's banking landscape is undergoing a seismic transition as the country's traditionally branch-centric system struggles to cope with a massive influx of new customers entering the formal financial network. With tens of millions of unbanked Pakistanis now seeking digital access to payments, remittances, and savings, industry experts say that the existing brick-and-mortar model is no longe
Prime Minister Shehbaz Sharif on Monday ordered to immediate abolish the export development surcharge (EDS), taking a small but important step to lower the cost of doing business for exporters and responding to complaints about misuse of funds. The premier instructed to establish a committee to oversee the utilisation of the pending balance of Rs52 billion in the Export Development Fund (EDF),