IT and IT-enabled Services (ITeS) export remittances comprising computer services and call center services increased by around 17.37 percent during the first eight months (July-March) of the current fiscal year 2023-24 and remained $2.283 billion com…
The Securities and Exchange Commission of Pakistan (SECP) has imposed some restrictions on the modaraba companies for the authentication of their statements of financial position.
In this regard, the SECP has directed modaraba companies to ensure th…
The price of gold in Pakistan fell by Rs. 3,500 per tola on Monday as geopolitical tensions in the Middle East eased.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) decreased by Rs. 3,500 per tola to Rs. 24…
The Pakistan Stock Exchange (PSX) rallied to a new all-time high on Monday, surpassing its previous high of 70,909 seen on Friday last week.
After opening trade at 70,910 points, the benchmark KSE-100 index went up by 1.34 percent or 951 points at 2…
Engro Polymer and Chemicals Limited (PSX: EPCL) announced its 1QCY24 financial result today where the company posted a loss of Rs. 901 million compared to a profit of Rs. 1.183 billion.
On a quarterly basis, EPCL reported its lowest gross margins in…
Pakistan’s current account balance posted a surplus of $619 million in March 2024, according to data released by the State Bank of Pakistan (SBP) on Monday.
The current account balance posted a surplus of $98 million in the previous month i.e. Febru…
The Federal Board of Revenue has eased the requirement of filing balance sheets of assets and liabilities for individuals, association of persons (A.O.P) and Single-member companies who are already registered.
In this regard, the FBR has issued an S…
Chief Minister Punjab Maryam Safdar has announced free solar systems for 50,000 households in a bid to promote renewable energy in the province.
Solar systems will be allocated to protected power consumers using less than 100 units per month. Each s…
Ansher Capital, the premier investment bank of Uzbekistan, and KTrade Securities, a leading entity in Pakistan’s capital markets, have recently forged a strategic partnership aimed at boosting investment flows across Saudi Arabia, Uzbekistan, and Pak…
The World Bank will provide additional financing of $270 million for the Crisis-Resilient Social Protection (CRISP) program to support the development of an adaptive and crisis-resilient social protection system.
Sources revealed that the Board of D…
