An audit report from the Punjab Cane Commissioner for 2024-25 has revealed that sugar mill owners collectively owe farmers more than Rs3 billion in unpaid dues. The findings indicate that during the 2023-24 fiscal year, mill owners failed to clear payments amounting to Rs3.0469 billion, despite laws requiring them to settle the amount within 15…
Business confidence in Pakistan has reached its highest level in nearly four years, according to Gallup Pakistan’s latest quarterly survey. The poll suggests growing optimism about the country’s direction and the government’s handling of the economy, despite persistent inflation, high energy costs, and electricity shortages. The Q2 2025 survey, conducted between 23 and 27 July…
The Pakistani rupee extended its gains against the US dollar in the inter-bank market last week, appreciating by Re0.25, or 0.09 percent. According to figures from the State Bank of Pakistan (SBP), the local currency closed at 282.47 on Friday, compared to 282.72 a week earlier. Inflows from overseas workers continued to support the currency,…
The Pakistan Stock Exchange (PSX) opened the week on a positive note, with the benchmark KSE-100 Index rising more than 300 points during early trade on Monday. At 10:25am, the index stood at 145,726.96, up by 344.17 points, or 0.24%. Strong buying interest was recorded in key sectors such as automobile manufacturing, commercial banking, oil…
Pakistan’s newly endorsed National Cannabis Control and Regulatory Policy, 2025 sets a formal regulatory framework for medical and industrial cannabis, dovetailing with provincial rules and a substantial Rs 2 billion infrastructure spend amid economic diversification efforts. By Salman Khan Islamabad: Law Division has endorsed National Cannabis Policy 2025 aimed regulating cultivation and sale of cannabis. The…
Staff Report Islamabad: Sub body has proposed to revive linked credit scheme for the restoration of sick industrial units and ease of access to credit under Pakistan Industrial Policy. The committee also proposed revival linked credit schemes by introducing sales tax duty linked loan scheme, and treat fresh lending for revival.Pakistan Drafts Law to Rein…
Staff Report Bank Alfalah (BAFL) has hoped over 15% deposit growth and sees no change in interest rate in 2025. held its Corporate Briefing Session on August 8, 2025, where management discussed financial performance and the outlook ahead. Management expects no change in interest rates going forward. Reflecting this view, the bank has reduced its…
Staff Report Islamabad: MSCI has announced its August 2025 Index Review, adding one new Pakistan stock — Faysal Bank Limited (FABL) — to the MSCI Frontier Market Index. This increases the total number of constituents in the MSCI Frontier Index to 27 from the earlier 26. The changes will take effect at the close of…
Federal Minister for Climate Change and Environmental Coordination, Dr. Musadik Malik, met with His Excellency Mr. Ali Mubarak Ali Essa Al-Khater, Ambassador of the State of Qatar to the Islamic Republic of Pakistan, to discuss avenues for enhanced bilateral cooperation. During the meeting, both sides exchanged views on environmental collaboration, investment opportunities, and upcoming international…
The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Friday, with the benchmark KSE-100 Index crossing the 146,000 mark for the first time. Early trading saw a rise of nearly 700 points as investors poured money into key sectors. By 9:30am, the index stood at 146,337.85, up 690.72 points or 0.47%. Buying interest was…
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