Pakistan and the International Monetary Fund (IMF) will continue discussions on the federal budget for fiscal year 2027 in the coming days, following the conclusion of a staff-level visit in which both sides reviewed recent economic developments, fiscal targets, and progress on reforms under the country’s ongoing loan programmes. An IMF mission led by Iva Petrova concluded its staff visit to Is
Buying rally continued at the Pakistan Stock Exchange (PSX) after US President Donald Trump again asserted the war with Iran will end “very quickly”, with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Wednesday. At 9:30am, the benchmark index was hovering at 163,459.05, a gain of 562.37 points or 0.35%. Buying was observed in key sectors, includ
In its initial public offering (IPO), Service Long March Tyres Limited (SLM) has raised Rs5.83 billion by selling 292.30 million shares at Rs19.95 per share in its two-day book-building process at the Pakistan Stock Exchange (PSX). On the first day on Monday, the IPO was fully subscribed within the first 5 seconds of opening, marking one of the fastest-ever book building transactions in the his
The government has invited expressions of interest (EOIs) from local and foreign investors for the privatisation of three major power distribution companies, Faisalabad Electric Supply Company, Gujranwala Electric Power Company and Islamabad Electric Supply Company, as part of its broader energy sector reform agenda. According to a statement issued by the Privatisation Commission of Pakistan on
Pakistan and the Asian Infrastructure Investment Bank on Tuesday signed a loan agreement worth $320.16 million for the reconstruction of key sections of the National Highway (N-5) under the country’s resilient recovery framework. According to a press release issued by the Economic Affairs Division (EAD), the financing agreement relates to Phase-IA of the “Reconstruction of National Highway N-5