KARACHI, December 4, 2024: Pakistan’s Sukuk market witnessed remarkable growth in 2024, with the government raising Rs2 trillion through 15 auctions conducted via the Pakistan Stock Exchange (PSX) auction system. This strategic financial maneuver has not only provided cost-effective borrowing options but also showcased the increasing confidence of investors in Islamic financial instruments. Highlights of…
ISLAMABAD, November 21 2024: In a significant development for Pakistan’s pension sector, the Securities and Exchange Commission of Pakistan (SECP) has rejoined the International Organization of Pension Supervisors (IOPS) as a Governing Member. This strategic move reflects Pakistan’s determination to modernize its pension systems and align with global standards, ensuring sustainable retirement income solutions for…
KARACHI, November 19 2024: The cryptocurrency market has witnessed an extraordinary surge in value following Donald Trump’s resounding victory in the recent US Presidential elections, with the total market capitalization soaring by $820 billion. Before the election, on November 4, the cryptocurrency market closed at a capitalization of $2.5 trillion. However, after Trump’s overwhelming triumph,…
KARACHI, November 15, 2024: The State Bank of Pakistan (SBP) has taken strict action against M/s Islamabad Exchange Company (Pvt.) Limited, suspending its authorization with immediate effect due to violations of SBP’s rules and regulations. As a result of this suspension, the exchange company, along with its head office and authorized branches, has been barred…
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…