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
The Pakistan Stock Exchange (PSX) continued its record-setting streak for a third consecutive session on Monday, with the benchmark KSE 100 index soaring to an all-time high of 163,847 points, up 1,590 points or 0.98 per cent. The rally, which pushed the index closer to the 164,000 mark, was largely driven by aggressive local mutual fund buying and institutional inflows. According to Topline S
Pakistan’s improved macroeconomic conditions have contributed to an uptick in growth in fiscal year 2025, underpinned by increased investment driven by continued policy reforms and economic stability, the Asian Development Bank (ADB) said in a report today. According to the Asian Development Outlook (ADO) September 2025, the ADB’s annual flagship economic publication, Pakistan’s growth is proje
An International Monetary Fund (IMF) mission led by Iva Petrova held a formal kick-off meeting with Pakistan’s economic team, headed by Finance Minister Muhammad Aurangzeb, to review the implementation of the $7bn Extended Financing Facility (EFF) and the $1.1bn Resilience & Sustainability Facility (RSF). The programme’s performance as of end-June 2025 — the period under review — has been mi