A new trading system is set to go live on the Pakistan Stock Exchange on May 15, the national bourse said on Thursday. The planned rollout of the Designated Time Schedule (DTS), a trading and surveillance platform meant for securities listed on the PSX, follows the botched implementation of the same software back in October 2021. Speaking to Dawn on Thursday, Pakistan Stockbrokers Associatio
The Securities and Exchange Commission of Pakistan (SECP) registered 1,760 new companies with a total paid-up capital of Rs2.9 billion in April, bringing the total number to 191,924. Approximately 57 per cent of businesses registered in April were private limited companies, 41pc as single-member businesses, and 2pc companies were registered as limited liability partnerships, not-for-profit orga
Sales of cars, light commercial vehicles, jeeps and vans plunged by over 80 per cent year-on-year (YoY) to 4,463 units in April amid growing economic and political uncertainties. As a result, the sales halved to 114,868 units in the first 10 months of the current fiscal year compared to 227,995 units in the same period last fiscal year. On month-on-month (MoM), the sales stood lower by 52pc in
The National Electric Power Regulatory Authority (Nepra) on Thursday notified K-Electric to charge Rs3.93 per unit additional cost to its consumers in the current month’s bill to mop up another Rs5.8bn funds as ex-Wapda distribution companies (Discos) sought to add another Rs44.5 billion burden to their consumers in next three months. In a notification issued on Thursday, the regulator said it
Extending overnight losses for almost the same reasons, the rupee hit an all-time low of Rs298.93 against the US dollar in the interbank market on Thursday. In the open market, the local currency lost Rs2 to settle at 299. Meanwhile, the foreign exchange reserves of the State Bank of Pakistan (SBP) declined by $74m to $4.38bn for the week ending on May 5, the central bank reported on Thursday.