The first US crude oil cargo on Wednesday landed in the country, marking a milestone in the diversification of crude imports and the opening of a new era of bilateral relations between the two countries in the oil sector. Cnergyico PK imported one million barrels of West Texas Intermediate (WTI) crude, the first such shipment in the nation's history. The company plans to import a total of three
The Pakistan Stock Exchange (PSX) opened on a positive note on Thursday, with the benchmark KSE-100 Index gaining nearly 700 points as overall market sentiment remained upbeat, supported by steady investor participation. At 10:45am, the benchmark index was hovering at 159,154.68, an increase of 689.63 points or 0.44%. Buying was observed in key sectors including automobile assemblers, commer
Telenor Group said the first approval from Competition Commission of Pakistan (CCP) was received in conjunction with the ongoing exit process in Pakistan, however, the expected closing of the transaction may slip into 2026. The Group in the third quarter report stated that in Pakistan, macroeconomic indicators have improved slightly but remain vulnerable to external shocks and political volatil
Pakistan’s textile manufacturer Sapphire Fibres Limited (SFL) has announced plans to inject an additional equity investment of up to $2.5 million into its wholly owned subsidiary, Sapphire USA, LLC. The listed company - a manufacturer of yarn, fabric and garments - shared the development in its notice to the Pakistan Stock Exchange (PSX) on Thursday. This follows the company’s earlier invest
Citing economic hardships, the Board of Directors (BoD) of Amreli Steels Limited (ASTL) has decided to extend the suspension of its operations at the company’s SITE Rolling Mill (SRM) in Karachi. The site represents 30% of the company’s production capacity, the listed company stated in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. “We wish to inform you that the Board of Direct