Selling persisted at the Pakistan Stock Exchange (PSX) in line with losses across international markets, with the benchmark KSE-100 Index shedding over 400 points during the opening minutes of trading on Wednesday. At 9:45am, the benchmark index was hovering at 160,849.20, an increase of 432.56 points or 0.27%. Selling was observed in key sectors including commercial banks, oil and gas explo
Pakistan Petroleum Limited (PPL) has commenced oil production from its Dhok Sultan-03 well under an Appraisal and Extended Well Testing (EWT) arrangement, effective November 1, 2025, marking another milestone in the company’s upstream exploration and development portfolio. The Dhok Sultan Block, located in district Attock, Punjab, is operated by PPL, which holds a 75 percent working interest, a
The Punjab Revenue Authority (PRA) has warned that business establishments will be sealed in the event of unnecessary delays or non-payment of taxes. The announcement came during a departmental meeting chaired by PRA Chairman Moazzam Iqbal Sipra where officials were briefed on measures to ensure that no provincial or federal institution issues licenses to entities that are not registered with t
In an order against an insurance company, the Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has declared that the company has clearly committed violations of regulations as it delayed the obtaining of approvals from the commission. The company also failed to classify shares deposit money and advance for purchases of shares, the order of the Appellate Bench added.
The Pakistani rupee strengthened against the US dollar, appreciating 0.05% during Wednesday’s opening hours of trading in the inter-bank market. At 10am, the currency was hovering at 280.73, a gain of Re0.14 against the greenback. On Tuesday, the local unit closed at 280.87. Internationally, the safe-haven Japanese yen and US dollar garnered demand on Wednesday as an aggressive tech-led s