bifurcation of the battery division of First Treet Manufacturing Modaraba( FTMM) through a court-sanctioned

He attributed the upward momentum of the index to a more balanced current account — which has reduced fears of currency devaluation — in addition to cheap valuations, that led to continued foreign interest. Farooq further highlighted the positive aspects of growth in exports, agriculture, and fiscal prudence by the government in the first quarter of the year.He explained that over the past 5 years, earnings for most sectors kept growing — at least in rupee terms — while stock prices continued to

Join our Whatsapp channel ISLAMABAD: The Securities and Exchange Commission of Pakistan( SECP) has floated a concept paper to introduce an alternative dispute resolution( ADR) mechanism for Islamic finance contracts to promote out-of-court settlement, including mediation, arbitration, and neutral evaluation. The concept paper has been finalised under the Strategic Action Plan 2024-26 to develop Islamic finance in the non-bank financial sector. The primary objective is to propose a specialised AD

Join our Whatsapp channelKARACHI: The Pakistan Stock Exchange( PSX) extended its bullish run for the eighth consecutive week, underpinned by Moody’s sovereign rating upgrade, strong corporate earnings and optimism over policy continuity.... The upgrade reflected progress on external buffers, fiscal consolidation and reforms under the IMF programme.... Finance Minister Muhammad Aurangzeb indicated that Pakistan expects to secure the third$ 1bn IMF tranche soon. Meanwhile, Prime Minister Shehbaz

Like previous occasions, the recent financial results announced by the PTCL group showed a revenue increase of 15.3 per cent to Rs160.6 billion in the first nine months of the current year compared to the same period in 2023.... The company attributed this strong performance to the consumer segment, particularly driven by fixed broadband, mobile data, and wholesale and business solutions.... That year, the company reported a profit of Rs28bn, but a downward trend has persisted since then....

The Islamic finance industry continued its impressive growth journey in Pakistan in 2021.... The federal government of Pakistan is looking to issue Sukuks under an asset-light structure as part of its target to increase the shares of Shariah-compliant instruments in government securities to 10pc by the end of 2022-23.... Takaful InsurTech 100 is a prestigious list that recognises the year’s most innovative and technology-driven companies that are addressing the digital transformation challenge

？ Authorities set to introduce portal where investors can submit credentials for entire financial market？ System expected to draw more investors, help country follow global anti-money laundering guidelinesKARACHI: To simplify inv-e-s-tor onboarding and align with international anti-money laundering guidelines, the aut-h-orities are set to introduce in the next few weeks a centralised digital portal, a kind of one-stop shop that will allow users to submit their credentials for the entire financia