Pakistan Business

Pakistan stock market soars as investors eye diplomatic breakthrough
Markets

Pakistan stock market soars as investors eye diplomatic breakthrough

Benchmarks rebound 3.52% amid IMF deal hopes and easing regional tensions

Higher poultry and sugar prices push weekly inflation slightly up
Business

Higher poultry and sugar prices push weekly inflation slightly up

Pakistan’s fuel prices edge lower in line with international oil prices

Pakistan’s competition commission approves merger of eight retail firms
Business

Pakistan’s competition commission approves merger of eight retail firms

Restructuring unites AR Corp, Khadija Enterprises & others into Stylo

Pakistan sees surge in April remittances amid improved global conditions
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Pakistan sees surge in April remittances amid improved global conditions

For five straight months, workers' remittances have exceeded $3 billion per month

Pakistan-India escalation pushes Pakistan’s credit default swap up
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Pakistan-India escalation pushes Pakistan’s credit default swap up

The CDS jumped more than 150 basis points since April 22, reaching a peak of 926 basis points on May 5

Pakistan minister warns of development crisis as PSDP budget slashed
Business

Pakistan minister warns of development crisis as PSDP budget slashed

Says provincial development projects will be minimized as 60% of federal revenues are already transferred to provinces

IMF Executive Board to discuss Pakistan loans today
Business

IMF Executive Board to discuss Pakistan loans today

The government has achieved key conditions of IMF to qualify for the loans

Pakistan stock market plummets as tensions with India escalate
Markets

Pakistan stock market plummets as tensions with India escalate

Drone strikes, military clashes trigger largest single-day decline in KSE-100 index history

Cherat Cement and Shirazi Investments intend to acquire majority stake in Rafhan Maize
Business

Cherat Cement and Shirazi Investments intend to acquire majority stake in Rafhan Maize

Joint bid targets Ingredion’s majority shareholding

Pakistan's budget deficit in FY25's 9 months at 2.4% of GDP
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Pakistan's budget deficit in FY25's 9 months at 2.4% of GDP

Improvement in the primary balance on back of the State Bank of Pakistan's higher profits helped the government curtail the budget deficit

No immediate impact of Pak-India tensions on sovereign credit ratings: S&P
India

No immediate impact of Pak-India tensions on sovereign credit ratings: S&P

According to the ratings agency, the current military escalation is expected to be temporary, followed by a phase of contained and sporadic confrontations

How Pakistani stockbrokers are reacting to Indian strikes and Pakistan's response
Markets

How Pakistani stockbrokers are reacting to Indian strikes and Pakistan's response

It seemed all doom and gloom at the outset when the Pakistan stock market plunged by more than 6,500 points shortly after opening

Pakistan’s sole power purchaser proposes slight reduction in power tariffs for FY26
Business

Pakistan’s sole power purchaser proposes slight reduction in power tariffs for FY26

Factors like fuel costs, hydropower, and exchange rates to shape final rates

Pakistan stocks plunge on Indian airstrikes near border
Markets

Pakistan stocks plunge on Indian airstrikes near border

Yields on Pakistan Euro/Sukuk bonds in international market have improved

Pakistan bolsters financial defenses amid rising regional tensions
Business

Pakistan bolsters financial defenses amid rising regional tensions

Finance ministry holds emergency meeting, vows to ensure market stability and cybersecurity

Pakistan stocks slide as geopolitical tensions overshadow rate cut optimism
Markets

Pakistan stocks slide as geopolitical tensions overshadow rate cut optimism

Benchmark index closes lower after volatile trading amid profit-taking and investor caution

FFC doubles down on fertilizer sales recovery despite agri slowdown
Markets

FFC doubles down on fertilizer sales recovery despite agri slowdown

With no plans for exports or urea discounts, FFC eyes a stronger second half amid high inventories

KIBOR falls by 64 basis points to 11.44%
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KIBOR falls by 64 basis points to 11.44%

The KIBOR is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi or "interbank" money market