In a historic move, the Pakistan Stock Exchange (PSX) achieved a significant milestone by closing above the 73,000 points level for the first time in its history. The index surged by 437 points or 0.6%, ending the trading session at an impressive 73,085 points. This remarkable…
The latest data on the Sensitive Price Index (SPI) reveals a notable decline of 1.39% for the week ending May 9, 2024, marking the highest week-on-week decrease since October 19, 2023. Additionally, compared to the same period last year, the SPI shows a substantial year-on-year…
The trade deficit in Pakistan soared to $19.51 billion during the first 10 months of the fiscal year 2023/24, as per data from the Pakistan Bureau of Statistics (PBS). Exports saw a positive trend, rising by 9.1% to $25.28 billion in July-April FY24 from $23.17 billion in the…
Saudi Arabia's Crown Prince Mohammed Bin Salman (MBS) is set to visit Pakistan this month to conclude investment agreements worth $5 billion. Dates for the visit, likely between May 10-15, were not officially confirmed but were anticipated after high-level discussions between…
*How does the unchanged policy decision impact FX*
Tresmark: Even with a rate cut, USDPKR was poised to be stable, so without the rate cut it just cements the stable outlook. Yesterday we saw the stock market rally above 1,000 points due to arrival of a 50 member Saudi…
DIBPL has partnered with the International Finance Corporation (IFC) to enhance international trade in Pakistan. This agreement under the IFC's Global Trade Finance Programme (GTFP) signifies a significant step, with Pakistan being a major market for the programme, having…
Pakistan State Oil (PSO), the country's largest oil marketer, is in talks with the government to acquire stakes in public sector energy companies as part of a debt-for-equity swap plan. This initiative aims to offset PSO's mounting debt owed by entities like the national airline.…
The book-building process for International Packaging Films Limited's Initial Public Offer (IPO) has closed with an oversubscription of 1.41 times, the company announced today. Institutional investors and high-net-worth individuals responded enthusiastically, driving the strike…
