In a strategic move, Matco Foods Limited, one of Pakistan’s leading rice exporters, has formally transferred its spice and masala packaging segment to its wholly owned subsidiary, Falak Foods (Private) Limited. The listed company informed its stakeholders in a notice to the Pakistan Stock Exchange (PSX) on Monday. “We are pleased to inform you that further to our earlier disclosure dated May
The Pakistan Stock Exchange (PSX) extended gains on Thursday, when the benchmark KSE-100 index surged 2,474 points, or 1.56%, as the passage of 27th Constitutional Amendment and the expected release of International Monetary Fund's (IMF) loan tranche sparked investor interest. Trading remained robust for almost throughout the session, during which the index touched the intra-day high of 160,945
Pakistan's foreign exchange reserves recorded a slight increase during the week ended November 7, 2025, driven by a modest rise of $22 million in the State Bank of Pakistan's (SBP) holdings. According to data released by the central bank on Thursday, the SBP's reserves rose by $22 million to $14.524 billion compared to $14.502 billion in the previous week. Meanwhile, net foreign reserves hel
Federal Minister for Board of Investment (BOI) Qaiser Ahmed Sheikh held a meeting with a delegation from Nova Minerals Ltd, a US-based mining exploration and development company listed on the ASX and NASDAQ, focusing on gold, antimony, and rare earth minerals. During the meeting, Sheikh highlighted Pakistan's vast and largely untapped potential in the minerals and mining sector, emphasising tha
The Finance Division has refused to allocate funds under the Public Sector Development Programme (PSDP) in the ongoing fiscal year for reduction in loans of the power sector. During discussions in a recent meeting of the Economic Coordination Committee (ECC), the Power Division highlighted the background of the proposal. It told the forum that for loan adjustments, the authorisation of the Mini