Economy
Pakistan Celebrates Historic Fiscal Surplus
KARACHI, October 31 2024: In a groundbreaking turn of events, Pakistan has announced its first-ever fiscal surplus, reporting an impressive Rs1.7 trillion, equivalent to 1.4% of its GDP, for the first quarter of FY25. This achievement marks a significant departure from the fiscal struggles that have plagued the nation over the past two decades. The…
PSX Faces Volatility Amid Profit-Taking and T-Bill Auction Anticipation
KARACHI, October 30 2024: The trading session on the Pakistan Stock Exchange (PSX) was marked by significant volatility, as the benchmark index demonstrated a dramatic range of movement, peaking at 1,008 points before settling down to a low of 860 points. Ultimately, the index closed at 90,286 points, reflecting a decline of 577 points, or…
PSX Continues Bullish Trend as KSE-100 Hits 90,864 Points
KARACHI, October 29 2024: The Pakistan Stock Exchange (PSX) sustained its positive momentum on October 29, 2024, with the KSE-100 index reaching an impressive intraday high of 91,358 points. The index ultimately closed at 90,864 points, marking a gain of 668 points or 0.74%. This upward trend reflects a strong continuation of the market’s bullish…
Pakistan Fertilizers Reports 3QCY24 EPS of PKR4.38: Results Align with Expectations
Karachi, October 29 2024: FATIMA Fertilizer Company has released its financial results for the third quarter of CY24, showcasing a robust performance with a consolidated profit after tax (PAT) of PKR9.2 billion, translating to an earnings per share (EPS) of PKR4.38. This represents an impressive increase of 18% year-on-year and a staggering 77% quarter-on-quarter, highlighting…
Revival of the IPO Market in Pakistan
KARACHI, October 28 2024: The Initial Public Offering (IPO) market in Pakistan is experiencing a noteworthy resurgence in the calendar year 2024, bolstered by a more favourable economic climate and robust performance on the stock market, according to analysts. Key macroeconomic indicators such as a declining inflation rate, easing monetary policy, a stable currency, and…