After reviewing, the Voluntary Delisting Committee (VDC) of the Pakistan Stock Exchange (PSX) has rejected the Gillette Pakistan Limited (GLPL) sponsors’ proposed buyback price of Rs216.49 per share and instead set a much higher minimum buyback price of Rs700 per share for GLPL. The decision was taken during a meeting of the VDC held on Monday, where the committee considered GLPL’s application
Khurram Schehzad, Adviser to the Finance Minister, on Tuesday said that S&P Global Market Intelligence (S&P )’s latest macroeconomic forecasts for Pakistan broadly align with projections from the State Bank of Pakistan (SBP). In a statement, Schehzad shared that S&P projects inflation at 5.1% in 2026, rising slightly to 5.6% in 2027, indicating a “slight increase”. The SBP, meanwhile, has forec
The Supreme Court of Bermuda has ordered the immediate transfer of all shares held by former chairman Zia Chishti in The Resource Group International Limited (TRGI) to a court-appointed receiver for sale, with proceeds to be applied toward satisfying an outstanding arbitration award, TRGI said in a statement on Monday. The ruling could mean a major setback for Chishti’s attempts to regain control
The State Bank of Pakistan (SBP) purchased $10.76 billion from domestic foreign exchange (FX) markets between June 2024 and October 2025, as per the latest data released by the central bank. The central bank reports foreign exchange market interventions with a lag of three months. “Net FX intervention is defined as outright and swap purchases of foreign exchange minus outright and swap sales
Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 crossing the 191,000 level, for the first time in history, ahead of the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC), which is scheduled to meet later today (Monday) to decide the key policy rate. At 12pm, the benchmark index was hovering at 190,521.41, an increase of 1,354.59 points or 0.7