Amreli Steels Limited announced on Thursday that it had signed and executed the Master Restructuring Agreement (MRA), allied documents, agreements, and banking syndicates. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. It said that the agreement was executed with Bank Alfalah Limited acting as the lead bank and Pak Brunei Investment Company Limited
Federal Minister of Finance and Revenue Muhammad Aurangzeb briefed his Saudi counterpart on Pakistan’s ongoing privatisation drive, including the divestment of Pakistan International Airlines (PIA) and key airports, underscoring the government’s resolve to attract strategic investments through transparency and efficiency. The development came during Aurangzeb’s meeting with Mohammed Aljadaan, F
The Pakistani rupee gained further ground against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Thursday. At 10:15am, the local currency was hovering at 280.92, up by Re0.2 against the US dollar. On Wednesday, the local unit closed at 281.12. Internationally, the US dollar slipped on Thursday as the Sino-US trade war sapped investor sent
Finance Minister Muhammad Aurangzeb, in a meeting with Benjamin Black, CEO of the US International Development Finance Corporation (DFC), highlighted Pakistan’s vast investment potential across the oil and gas, minerals, agriculture, IT, and pharmaceutical sectors, while welcoming the DFC’s interest in facilitating private sector-led financing for development projects. Aurangzeb, who is on an o
A day after heavy selling, bulls returned to the Pakistan Stock Exchange (PSX) as investor sentiment improved amid signs of easing geopolitical tensions and reduced political noise. The benchmark KSE-100 Index gained nearly 5,800 points during intra-day trading on Tuesday. At 2:30pm, the KSE-100 Index was hovering at 164,227.39, an increase of 5,783.97 points or 3.65%. Across-the-board buyin