The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 index closing above the 168,000-point mark for the first time, marking its sixth consecutive record-setting session. The index finished the day at 168,489.63, up 2,849.29 points, or 1.72 per cent. It briefly peaked at an intraday high of 168,619. The bullish momentum was largely driven by sus
American multinational corporation Procter & Gamble said on Thursday that it would wind down its manufacturing and commercial activities in Pakistan and rely on third-party distributors to continue to serve customers as part of a restructuring programme. The news comes as various multinational corporations (MNCs) have pulled their operations from Pakistan over the past three years, including El
State Bank of Pakistan Deputy Governor Saleem Ullah emphasised the need to address real market demands through targeted mechanisms that support merchants. He was speaking at the launch of the report Merchant Payments on Raast: Responsibly Pricing for Impact and Inclusion. The report, released under the United Nations-backed Better Than Cash Alliance, focuses on building an ecosystem that encour
The State Bank of Pakistan’s (SBP) foreign exchange reserves rose by $21 million to $14.4bn during the week ended Sept 26, continuing a gradual upward trend. However, the total remains below the level recorded at the close of FY25. Despite the slow buildup, the steady rise in reserves has helped support the exchange rate, with the rupee appreciating by a few paise daily against the US dollar
The cement sector posted a 16.25 per cent increase in total despatches during the first quarter of FY26, reaching 12.161 million tonnes, up from 10.461m tonnes in the same period last year. All Pakistan Cement Manufacturers Association (APCMA) reported domestic sales rose by 15pc to 9.573m tonnes, compared to 8.319m tonnes last year. Export volumes grew by 21pc to 2.589m tonnes. Total cemen