News

Using IPO proceeds, Pakistan’s BF Biosciences launches Zeptide to expand diabetes portfolio

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),

Pakistan’s RDA inflows up 20%, clock in at $196mn in September 2025

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

Pak-Afghan tensions dents investor sentiments, KSE-100 sheds over 3,700 points

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

Gold hits record high as US-China trade woes escalate; silver scales all-time peak

Gold soared to a record high on Monday, lifted by safe-haven demand amid renewed US-China trade tensions and expectations of US Federal Reserve interest rate cuts, while silver also surged to an all-time high. Spot gold was up 0.7% at $4,044.29 per ounce, as of 0253 GMT, after hitting a record high of $4,059.30 earlier in the session. US gold futures for December delivery rose 1.6% to $4,062

China defends rare earth curbs to US

China called US President Donald Trump’s latest tariffs on Chinese goods hypocritical on Sunday and defended its curbs on exports of rare earth elements and equipment, but stopped short of imposing new levies on US products. Trump on Friday responded to Beijing’s most recent export controls by imposing additional tariffs of 100 percent on China’s US-bound exports, along with new export controls