The Asian Development Bank (ADB) has sounded the alarm over Pakistan’s economy, warning of mounting downside risks to growth and stability, with inflation projected to climb to 6 percent in fiscal year 2026 on the back of flood-hit food supplies and higher gas tariffs. The Bank in its latest “Asian Development Outlook (ADO) September 2025,” stated that the fiscal year 2026 growth forecast uncha
Oil & Gas Development Company Limited (OGDCL), the largest exploration and production (E&P) company in Pakistan, has announced a significant gas and condensate discovery at its Bitrism East-1 well, located in District Khairpur, Sindh. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “OGDCL, the operator of Bitrism Exploration Licen
The Organic Meat Company Limited (TOMCL) has announced the commencement of operations at its Karachi Export Processing Zone (KEPZA) facility from October 1, 2025. The listed meat exporter disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Wednesday. “TOMCL is pleased to announce that operations at its KEPZA facility will commence today, i.e., 1st October 2025, at
The Pakistani rupee posted further gain against the US dollar, appreciating 0.07% during the opening hours of trading in the inter-bank market on Wednesday. At 10:30am, the currency was hovering at 281.13, a gain of Re0.19 against the greenback. On Tuesday, the local unit closed at 281.32. Globally, the US dollar hovered near a one-week low versus major peers on Wednesday as the US govern
Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced that the Competition Commission of Pakistan (CCP) has approved its proposed acquisition of Telenor Pakistan BV and Orion Towers (Private) Limited. PTCL-Telenor merger: CCP to issue conditional approval “It is to notify that the CCP on October 1, 2025, has passed the Phase-II Order in relation to the pre-merger applicati