Investors exceeded expectations on Friday, offering substantial financing of Rs. 479 billion to the government in the auction of one-year Ijarah Sukuk at the Pakistan Stock Exchange (PSX), surpassing the target of Rs. 30 billion by 16 times, according…

Pakistan State Oil (PSO) has decided to sell a 30 percent stake in Pakistan Refinery Limited (PRL) to a Chinese company for a $1.5 billion investment.PRL, in which PSO has a 63.6 percent ownership, has signed an agreement with China’s United Energy Gr…

The price of gold in Pakistan fell again on Wednesday, taking the two day losses to Rs. 5,500 per tola.According to the data released by the All-Pakistan Gems and Jewellers Association (APGJA), the price of gold (24 carats) went down by Rs. 1,300 per …

The Pakistan Stock Exchange (PSX) rallied to a new all-time high, surging past the previous record of 61,691 and breaching 62,000 points.After opening trade, the benchmark KSE-100 index went up by 1.4 percent or 851 points at 10:40 AM to a new high of…

Samsung’s Galaxy S23 series has been out since the start of the year, but it is now easier to get it PTA approved than before. This is because the Samsung Galaxy S23 Ultra can be PTA approved on interest-free installments at Alfa Mall for as low as Rs…

Fauji Cement Company Limited (PSX: FCCL) has become Pakistan’s 3rd largest cement manufacturer after commissioning a new 2.1 million ton Greenfield Cement Manufacturing Plant in Dera Ghazi Khan, the company informed the Pakistan Stock Exchange on Thur…

Pakistan LNG Limited (PLL) has allegedly breached confidentiality and jeopardized upcoming deliveries of Liquefied Natural Gas (LNG) by using the rate offered by the State Oil Company of Azerbaijan Republic (SOCAR) to reduce the bid amount from the lo…

Pakistan and Kuwait are poised to ink seven Memorandums of Understanding (MoUs), paving the way for investments worth $10 billion in Pakistan.The federal cabinet, in its recent meeting, approved these agreements which covered the environment, mining, …

Pakistan International Airlines (PIA) has announced an exclusive offer for students on the occasion of International Students Day. The national flag carrier announced that students can avail a 20 percent discount with an 80 kg luggage allowance on its…

Negotiations on the first review of Pakistan’s $3 billion Standby Arrangement have turned up the heat as the International Monetary Fund (IMF) has called for the imposition of taxes on the retail, real estate, and agricultural sectors, Federal Bureau …