Pakistan Stock Exchange (PSX) on Thursday fell slightly in range-bound trading as investors awaited market-moving triggers and resorted to profit-taking in a couple of key sectors. In the morning, the KSE-100 index kicked off trading on a positive note and with continuous fluctuations, it reached the intra-day high of 114,457 points just before midday. Afterwards, the index started falling grad
Pakistan and Vietnam are exploring joint ventures and enhanced cooperation in key economic sectors, including textiles, manufacturing, information technology, tourism, processed meat, and agriculture. The potential for deeper collaboration was highlighted during a high-level meeting between Vietnam's Ambassador to Pakistan, Pham Anh Tuan, and Lahore Chamber of Commerce and Industry (LCCI) Presiden
The State Bank of Pakistan's (SBP) foreign currency reserves increased $21 million and reached $11.22 billion in the week ended February 21, 2025, according to data released by the central bank on Thursday. A week ago, the foreign currency reserves held by the SBP had been at $11.20 billion, with an increase of $35 million. The SBP cited no reason for the latest rise in its reserves. Meanwhile,
A small shareholder of TRG Pakistan has obtained a stay order from Islamabad High Court that restrained Greentree Holdings from purchasing a significant further stake in TRG. Greentree Holdings, the largest shareholder of TRG Pakistan with a 29.7% stake, had launched on January 15 a tender offer for a further 35.1% shareholding in TRG Pakistan, representing foreign exchange inflows of $55 milli
The Ministry of Finance said on Thursday that wheat production may fall 11% to below 28 million metric tons this year due to dry weather conditions but inflation would remain stable around 3% in February. In its monthly economic outlook, the finance ministry stated that the upward trend in exports, imports and foreign remittances would continue in February too, indicating a current account defi