PSX continues bearish trend, loses 592.49 pts
Karachi, April 30, 2024 : During the second business day of the week, the KSE-100…
PSX continues bearish trend, loses 592.49 pts
Karachi, April 30, 2024 : During the second business day of the week, the KSE-100 index at the Pakistan Stock Exchange (PSX) observed a bearish trend, dropping 592.49 points to close at 71,102.54 points, down from the previous day’s 71,695.03 points. Today’s trading session at PSX sees the KSE-100 benchmark ranging between a high of…
Pakistani rupee registers gain against USD
Karachi, April 30, 2024 : Following a slight dip, the Pakistani Rupee strengthened by 0.8 paisa against the US dollar on Tuesday in interbank trading, closing at Rs 278.31 compared to the previous day’s Rs 278.39. As per the Forex Association of Pakistan (FAP), the dollar’s buying and selling rates in the open market stood…
SBP’s foreign reserves decline, stand at $13.28bln
Karachi, April 30, 2024 : Pakistan’s foreign exchange reserves experienced a decline of $9.32 million for the week ending April 19. The State Bank of Pakistan (SBP) reported that as of April 19, the country’s domestic foreign exchange reserves stood at $13.28 billion. SBP’s own foreign exchange reserves experienced a significant decrease, falling by $7.35…
Security papers limited reports record 151% increase in profit for nine months Q3 FY 2023-24
Karachi, April 30, 2024 : Security Papers Limited is pleased to announce its unaudited financial results for the nine months ended March 31, 2024, with a record profit of Rs 1,083 million, representing a 151% increase from Rs 431 million in the same period last year. The Company’s outstanding performance was driven by successful pricing…
Ghazanfar Azzam steps down as CEO of Mobilink Bank after a distinguished 12-year tenure
Islamabad , April 30, 2024: Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and solidified its position as a leader in the Microfinance sector. He helped the Bank undergo rapid digital transformation to strengthen…