Pak Elektron is forecast to post Rs1.2 EPS in 2QCY25 on stronger appliance sales, lower finance costs, and initial US transformer exports Staff Report Outlook hinges on appliances recovery and lower finance costs. Pak Elektron Limited (PAEL) is expected to report net profit of roughly Rs1.1 billion for the quarter ended June 30, 2025, translating…
The Competition Appellate Tribunal (CAT) has upheld the Competition Commission of Pakistan’s (CCP) order against 20 medical centers and laboratories and their five associations for collusive price fixing, territorial allocation of customers, and other anti-competitive practices in mandatory pre-departure medical examinations for Pakistani workers bound for Gulf countries. The Tribunal upheld CCP’s findings of competition…
The Oil and Gas Regulatory Authority has slightly increased RLNG prices for August 2025, citing higher DES costs. Staff Report The Oil and Gas Regulatory Authority (OGRA) has announced a slight increase in Re-gasified Liquefied Natural Gas (RLNG) prices for August 2025, following policy guidelines from the federal government. The adjustment, effective from August 1,…
The Pakistani Rupee (PKR) remained stable against the US Dollar on Friday, 15 August 2025, with the greenback trading at Rs 284.65 in the open market. The selling rate stood at Rs 285.25. In the interbank market, the dollar was recorded at Rs 282.15, unchanged from its previous close of Rs 284. Currency dealers reported…
The Pakistan Stock Exchange (PSX) saw a strong rally on Friday morning, with the benchmark KSE-100 Index climbing above the 147,000 mark after Moody’s upgraded Pakistan’s credit rating. At 10:40am, the index stood at 147,486.35 points, up 957.05 points or 0.65%. Gains were led by automobile assemblers, commercial banks, fertilizer, oil and gas exploration companies,…
The Economic Policy & Business Development Think Tank (EPBD) has released its inaugural report formulating a Wealth Perception Index 2025, listing Pakistan’s top 40 public and private sector conglomerates, including the first-ever compilation of prospective dollar-billionaire business groups in the country. The Index, launched on Pakistan’s 78th Independence Day, identifies 20 leading public-listed corporate groups…
The gold price in Pakistan slipped by Rs200 per tola to Rs358,100 on Wednesday, tracking a mild pullback in international bullion; silver rose Rs59 per tola. Staff Report Gold prices in Pakistan fell on Wednesday, mirroring a mild pullback in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price…
Meezan Bank posted a Rs13.4 EPS for 2Q2025, down 10% year-on-year but up 9% quarter-on-quarter, with a Rs7/share interim dividend, in line with expectations. Staff Report Earnings have Slipped but Beat Forecasts. Meezan Bank Limited (MEBL) reported earnings of Rs24 billion for the second quarter of 2025, translating into earnings per share (EPS) of Rs13.4….
Staff Report After a strong start, the local bourse couldn’t sustain its early momentum. The session opened on a positive note, with the KSE-100 Index surging to an intraday high of 886 points. However, the gains were short-lived as bears gradually took control, dragging the index to an intraday low of 587 points before settling…
Federal Minister Rana Tanveer Hussain has urged fertilizer firms for DAP price cut, warning of government action to protect farmers and food security. Staff Report Federal Minister for National Food Security and Research Rana Tanveer Hussain on Wednesday urged fertilizer companies to urgently reduce the price of diammonium phosphate (DAP) to safeguard farmers’ livelihoods and…
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