Pakistan Cuts Bank Rewards for Overseas Remittance Inflows Despite Record $38.3 Billion
Pakistan has reduced rewards paid to banks and exchange companies for bringing in record overseas remittances, aiming to curb rising costs while pushing for more direct benefits to senders. The move comes alongside debates on promoting local payment networks like PayPak.
KSE-100 Slides Over 800 Points Amid Broad-Sector Selloff as Global Trade Tensions Stir Caution
Pakistan’s benchmark KSE-100 Index lost more than 800 points amid heavy selling across key sectors, reflecting cautious investor sentiment against the backdrop of global trade tensions and mixed regional market trends.
Pakistan Sees Record $38.3 Billion in Remittances for FY25, Marking 27% Surge Amid Economic Strains
Pakistan recorded an unprecedented $38.3 billion in remittances during FY25, rising 27% from the previous year, underscoring the crucial support of overseas Pakistanis in stabilizing the economy amid ongoing challenges.
Pakistan Security Printing Corporation Merges NSPC to Streamline Operations and Boost Security Printing Services
Pakistan Security Printing Corporation merges National Security Printing Company to consolidate operations, enhance efficiency, and deliver advanced security printing services across Pakistan’s financial ecosystem.
PSX Shines with OGDC, UBL, MARI, MEBL and FFC Each Topping $2 Billion Market Cap
The Pakistan Stock Exchange continues its bullish run with five companies now valued above $2 billion, led by OGDC and UBL, highlighting investor optimism amid strong macro trends.
KSE-100 Index Jumps by 1,100 Points Amid Buying in Banks, Cement, and Autos
The KSE-100 index surged by nearly 1,100 points driven by gains in banking, cement, and auto stocks, extending PSX’s bullish momentum amid policy support and strong investor sentiment.
Pakistan Banks Association Rejects Claims on Remittance Subsidies, Highlights Critical Role in Economic Stability
The Pakistan Banks Association has strongly refuted allegations that remittance incentives serve no economic purpose, underscoring how these measures protect Pakistan’s balance of payments and ensure compliance with global financial standards.
PSX Surges by Over 1,500 Points Following Federal Budget Approval and Geopolitical Relief
The Pakistan Stock Exchange witnessed a surge of nearly 1,600 points following the federal budget’s approval and easing geopolitical tensions, reflecting strong investor confidence and hopes of economic stability.
PSX Extends Rally Following Historic Surge, Gains 515 Points Amid Market Optimism
The Pakistan Stock Exchange sustained its bullish momentum, adding 515 points on Wednesday after recording the second-highest single-day increase in history a day earlier, driven by regional geopolitical developments.
KSE-100 Index Closes Higher Amid Volatile Trading, Gains 515 Points
The KSE-100 Index closed in the green on Wednesday, gaining 515 points as commercial banks and cement sectors supported market momentum. Market volume, however, witnessed a slight dip from the previous session.