Jamshoro Joint Ventures Limited (JJVL), Pakistan’s largest private-sector LPG producer, has resumed operations after more than five and a half years, dispatching its first LPG (liquefied petroleum gas) shipment on Thursday. LSE Capital Limited disclosed the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. “Please be informed that Jamshoro Joint Ventures Limited (JJVL)
Brent crude oil futures were little changed on Friday as investors eyed the progress of the Russia-Ukraine peace talks and the outcome of the OPEC+ meeting on Sunday for clues on potential changes in supply which has been weighing on prices. Front month Brent crude futures , which expire on Friday, was unchanged at $63.34 a barrel by 0134 GMT in thin trade after settling up 21 cents on Thursday
The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 10:05am, the local currency was hovering at 280.33, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.55. Globally, the US dollar was heading for its worst weekly performance since late July on Friday as trade
Investors made a strong comeback at the Pakistan Stock Exchange (PSX) on Wednesday as optimism prevailed, driving the benchmark KSE-100 index up by nearly 1,500 points. The market saw an impressive recovery, powered by renewed institutional confidence and strong performances by key sectors. The index opened on a positive note and maintained its bullish momentum for almost throughout the session
The government raised more than Rs1.03 trillion on Wednesday through auctions of treasury bills, Pakistan Investment Bonds (PIB) and the Government Ijara Sukuk (GIS). The State Bank of Pakistan (SBP) conducted the three auctions, which attracted strong investor participation across conventional and Islamic instruments. In the T-bill auction, the SBP targeted Rs650 billion but received an overwh