The Ministry of Industries and Production held a formal ceremony on Wednesday for the handing over of retrieved state land. On behalf of the Federal Government, Special Assistant to the Prime Minister on Industries and Production, Mr. Haroon Akhtar Khan, received the retrieved land from National Accountability Bureau (NAB) Deputy Chairman, Mr. Sohail Nasir, and…
The Pakistan Stock Exchange opened on a strong note Wednesday, as the KSE-100 Index surged nearly 900 points in the initial trading session. At 9:40am, the benchmark index was recorded at 158,831.61 points, reflecting a notable increase of 886.59 points or 0.56 percent compared with yesterday. Investor sentiment improved significantly, with major sectors including commercial…
A Chinese company has approached the Special Investment Facilitation Council (SIFC) as a delay casts a shadow over the CAREC Tranche-3 Project. The much-anticipated Rs. 146 billion CAREC Tranche-3 project, which is a part of Pakistan’s commitments under the Central Asia Regional Economic Cooperation (CAREC) program, faces fresh uncertainty as hurdles continue to delay its…
BF Biosciences (BFBIO) has posted earnings of Rs 127 million, up by 78% year on year (YoY) basis in 4QFY25. The net earnings stood at Rs 71 million during the same period last year. The rise in earnings is primarily attributable to higher sales and other income. During 4QFY25, the company’s topline surged by 118%YoY…
The Pakistan Stock Exchange (PSX) opened Tuesday with strong momentum, as the KSE-100 Index surged nearly 1,200 points during early trading hours. At 10:55 am, the index stood at 158,734.28, marking a rise of 1,179.62 points or 0.75%. Buying interest was noted across key sectors including automobiles, cement, commercial banks, oil and gas exploration, OMCs,…
The Pakistani rupee against the dollar continued witnessing a rising trend on Tuesday and appreciated 0.01 percent in the inter-bank market. It closed at 281.42 against the dollar, registering a gain of Rs 0.03. This is the 33rd successive gain by the Pakistani rupee against the dollar. PKR to dollar continues its momentum and witnessed…
Arif Habib Corporation Limited has announced a 100% Dividend Amounting to PKR 4.2 billion The Board of Directors of Arif Habib Corporation Limited (AHCL) has announced a final cash dividend of 100% amounting to PKR 4.2 billion, for the year ended June 30, 2025.Expansion: MISI purchases shares of Aisha Steel Mills AHCL reported a standalone…
Pakistani households are bracing for another financial hit as ghee and cooking oil prices climb to record highs, intensifying pressure on already stretched family budgets. Producers have increased ghee prices by Rs12 per kilogram, lifting the wholesale rate to Rs535 per kg, while cooking oil now sells at Rs572 per kg. In retail markets, the…
Pakistan local cement dispatches are likely to be up by 3% YoY to clock in at 3.08mn tons in September2025. Dispatches are anticipated to decline by 1% MoM. Our analysis is based on the actual numbers of 21 days; wherein local sales stand at 2.15mn tons,” says Topline Pakistan Research. The average domestic sale of…
The Auditor General of Pakistan (AGP) has revealed that a sharp rise in withholding tax collection during FY24 was primarily driven by higher deductions on salaried income. According to the latest report published by AGP on Inland Revenue and Customs, withholding tax collection reached Rs2.74 trillion in 2023-24, accounting for more than 60 percent of…