Economy

PSX Marks Listing of Mahaana Islamic Index ETF

Pakistan Stock Exchange (PSX) held a gong ceremony to formally mark the listing of the Mahaana Islamic Index Exchange Traded Fund (MIIETF) managed by Mahaana Wealth Limited (MWL).

Akif Saeed, Chairman SECP, and Henrik Persson, Ambassador of Sweden t…

CCP Conditionally Approves Technology Transfer Agreement Between SSGCL, Itron Related to Gas Meters

The Competition Commission of Pakistan (CCP) has granted a time bound approval to the exemption application for the technology transfer and license agreement between the Sui Southern Gas Company Limited (SSGCL) and US-based Itron Inc. with certain co…

Here’s Why Petrol Pumps Could Shut Down Across Pakistan Soon

Petrol pumps may get closed across Pakistan soon as refineries struggle to cope with declining fuel sales and an abundance of smuggled oil products in the market.

Refineries have strongly objected to the proposed deregulation of petroleum (POL) pric…

Rupee in Red 2nd Consecutive Day Against US Dollar, Other Currencies

The Pakistani rupee fell slightly against the US Dollar after opening trade at 278 in the interbank market.

It was largely stable against the greenback but devalued against other major currencies today.

The interbank rate stayed at 278.8 most of th…

Govt to Establish Dedicated Business Portal as Part of Digital Economy Enhancement Program

The government of Pakistan is gearing up to launch a groundbreaking initiative aimed at modernizing regulatory frameworks and fostering a more conducive environment for businesses.

In line with the World Bank’s Digital Economy Enhancement Program (D…

Fauji Cement Posts Rs. 7 Billion Profit in 9 Months of FY24

Fauji Cement Company Limited (PSX: FCCL) has announced its financial results for the nine months that ended on March 31, 2024, posting a profit after tax (PAT) of Rs. 7 billion despite the increased financial cost of Rs. 1.26 billion incurred on expa…