The Pakistani rupee posted a marginal gain against the US dollar, appreciating 0.04% during the opening hours of trading in the inter-bank market on Tuesday. At 10:30am, the local currency was hovering at 281.05, up by Re0.11 against the US dollar. On Monday, the local unit closed at 281.16. Internationally, the US dollar held steady on Tuesday as US President Donald Trump’s watered-down
Beco Steel Limited (BECO) has announced plans to diversify its operations into the production of deformed steel bars, marking a major step in its long-term expansion and growth strategy. The listed company disclosed the development in its notice to the bourse. The steel-maker said it currently operates in both ferrous and non-ferrous segments, catering to both local and export markets. It added
In a major boost to Pakistan’s pharmaceutical sector, BF Biosciences Limited has introduced Zeptide (Tirzepatide), an advanced dual-action therapy for Type 2 diabetes and obesity, developed and manufactured at its local facility. The pharma shared the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. Tirzepatide, approved by the US Food and Drug Administration (FDA),
Inflows through the Roshan Digital Account (RDA) clocked in at $196 million in Septemeber, reflecting an increase of 20% compared to $164 million in August 2025, the State Bank of Pakistan (SBP) said on Tuesday. Out of the total September inflows, $19 million has so far been repatriated, while funds to the tune of $117 million have been utilised locally. The central bank shared that the tota
Cross-border escalation between Pakistan and Afghanistan dented investor sentiments at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 shedding over 3,700 points during the opening hours of trading on Monday. At 11:30am, the benchmark index was at 159,340.06, a decrease of 3,758.13 points or 2.3%. Selling pressure was observed in key sectors including automobile assemblers, cem