K Electric Limited (KE) announced on Wednesday that it postponed its Extraordinary General Meeting (EOGM) to April 2, and increased the number of directors to be elected from 10 to 13. The country’s sole power utility for Karachi shared the information in a notice to the Pakistan Stock Exchange (PSX) today. It said that the decision was taken after the Government of Pakistan (GoP), through t
As the backbone of Pakistan’s energy landscape, Pakistan State Oil (PSO) continues to demonstrate resilience in managing the national supply chain. In response to the evolving geopolitical environment, the company has proactively optimized its operations to ensure that the nation’s energy needs are met with precision and reliability. PSO is aggressively building fuel stocks to insulate the nationa
The Securities and Exchange Commission of Pakistan (SECP) has approved Al-Hilal Shariah Advisors (Pvt) Limited to independently conduct Shariah screening of securities. It is the first entity other than the Pakistan Stock Exchange (PSX) and its partners to receive such approval, opening the door for greater competition in Shariah-compliant investment services. Under the Shariah Governance Regul
The dollar held its ground on Wednesday as traders moved to the sidelines, awaiting cues on what comes next in the U.S.-Israeli war with Iran while mixed messages on a resolution to the conflict kept sentiment frail. Global markets have been betting that U.S. President Donald Trump will seek to end the conflict soon, but Trump has also repeatedly threatened to hit Iran hard over moves to stop t
The government’s decision to apply a Rs 55 per litre price jump to current fuel reserves has triggered allegations of enabling oil marketing companies (OMCs) to make Rs 113 billion windfall profits in inventory gains, though industry representatives and government advisors argue that the pricing model—based on international Platts averages—requires them to replenish sold stock with much more expen