The Pakistani rupee gained marginally on Friday against the US dollar in the inter-bank market and closed at 281.02 which was up by Rs0.01 against the US dollar, according to the State Bank of Pakistan (SBP). The Pakistani rupee appreciated 0.1 percent against US dollar in early hour of trading in the inter-bank market on…
Selling by mutual funds and weak quarterly results push market lower. Pakistan’s benchmark KSE-100 Index extended its losing streak on Thursday, declining by [verify]% to close at [verify] points, as mutual fund selling and profit-taking weighed on sentiment ahead of the futures rollover week. The banking sector was the biggest drag on the market, with…
Pakistan aims to transform its maritime sector into a driver of regional trade and economic growth, positioning the country as a hub of connectivity across Asia, the Gulf, and East Africa, Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry said on Thursday. Speaking at the Regional Transport Ministers’ Conference in Islamabad, Chaudhry announced that Pakistan’s “blue…
The government is accelerating efforts to promote domestic vaccine manufacturing to strengthen health security and reduce import dependence. Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, chaired a high-level meeting of the Prime Minister’s Committee on Incentivizing Local Manufacturing of Vaccines at the Ministry of National Health Services. The meeting…
Shehbaz Sharif unveils three-year electricity relief scheme; industrial tariff cut by up to Rs7.6 per unit to spur growth and exports. Prime Minister Shehbaz Sharif on Thursday announced the Roshan Maeshat Power Package — a three-year concessional electricity initiative for Pakistan’s industrial and agricultural sectors — aimed at reducing production costs, boosting competitiveness, and accelerating…
NEPRA’s tariff review cuts returns, tightening benchmarks likely to push Pakistan’s only privatized power utility back into losses. Topline analysts have said that K-Electric Ltd (KEL) faces a sharp deterioration in fundamentals following the National Electric Power Regulatory Authority’s (NEPRA) revised multi-year tariff (MYT) determination, which slashed allowed returns and tightened operational benchmarks for the…
Fauji Fertilizer Company Limited (FFC) reported a 22% year-on-year fall in third-quarter profit for CY2025, posting net earnings of Rs19.2 billion (EPS Rs13.5) compared with Rs24.5 billion (EPS Rs17.2) in the same period last year. The earnings were below market expectations, largely due to lower-than-anticipated gross margins. Alongside the results, FFC declared an interim cash…
Earnings slump amid higher operating expenses and weaker non-interest income Bank Alfalah Ltd (BAFL) reported a sharp decline in profitability for the third quarter of 2025, with consolidated earnings falling 52% year-on-year to Rs6.3 billion, translating into earnings per share (EPS) of Rs4.0. The result came in below market expectations, primarily due to elevated operating…
Silver prices in Pakistan have remained unchanged in line with prices in international market. The silver rate in Pakistan is Rs 5110 per tola. Read More: Silver Prices See Major Drop Silver Rate in Pakistan Today
Gold Prices in Pakistan declined by RS 3500 per tola to Rs 433862 in line with fluctuation in global prices. Gold rate 10gram 24kt has been reduced to Rs 371966, recording a cut of Rs 3001.The price of 10gram 22KT has been reduced by Rs 2751 to Rs 340981. The gold rate in international market…