The Supreme Court of Bermuda has ordered the immediate transfer of all shares held by former chairman Zia Chishti in The Resource Group International Limited (TRGI) to a court-appointed receiver for sale, with proceeds to be applied toward satisfying an outstanding arbitration award, TRGI said in a statement on Monday. The ruling could mean a major setback for Chishti’s attempts to regain control
The State Bank of Pakistan (SBP) purchased $10.76 billion from domestic foreign exchange (FX) markets between June 2024 and October 2025, as per the latest data released by the central bank. The central bank reports foreign exchange market interventions with a lag of three months. “Net FX intervention is defined as outright and swap purchases of foreign exchange minus outright and swap sales
Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 crossing the 191,000 level, for the first time in history, ahead of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC), which is scheduled to meet later today (Monday) to decide the key policy rate. At 12pm, the benchmark index was hovering at 190,521.41, an increase of 1,354.59 points or 0.7
Gold prices in Pakistan scaled another record high on Saturday, tracking a powerful rally in international bullion markets driven by geopolitical tensions, safe-haven demand, and speculative momentum. In the local market, the price of gold per tola rose by Rs6,500 to reach Rs521,162, while 10-gram gold increased by Rs5,573 to settle at Rs446,812, according to rates released by the All-Pakistan
Pakistan's power sector does not suffer from a lack of oversight; it suffers from too much of it – poorly aligned. More regulators are not the answer to put the house in order. This is what is happening in the energy sector. Every rupee on an electricity bill is shaped by a maze of regulators, auditors, market operators, cabinet committees and state-owned companies. Yet despite this dense web o