Strengthening Economic Ties with Overseas Pakistanis The Roshan Digital Account (RDA) continues to be a game-changer for Pakistan’s economy, attracting $9.34 billion in total inflows by December 2024. Launched in September 2020, the initiative has provided non-resident Pakistanis (NRPs) with a seamless platform to invest and contribute to their homeland’s financial system. Out of the total inflows, 63.3% ($5.91 billion) …
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Pakistan’s Forex Reserves Reach $11 Billion After 30-Month Gap Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), rose to over $11 billion as of October 11, 2024. This marks an increase of $215 million in a week and a significant milestone after 30 months. The reserves have grown for 12 consecutive weeks, reflecting an overall increase …
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HBL Reports PKR 14.5bn Profit for 3QCY24 with Strong Non-Funded Income Growth Habib Bank Limited (HBL) reported earnings of PKR 14.5 billion (EPS: PKR 9.85) for the third quarter of 2024 (3QCY24), reflecting a year-on-year (YoY) decline of 13% but a quarter-on-quarter (QoQ) increase of 1%. For the first nine months of 2024 (9MCY24), the bank’s total earnings reached PKR …
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Gold Prices Increase in Local Markets Gold prices in the local market have seen a modest increase. The price of 24-karat gold per tola has risen by Rs200, reaching Rs275,700. Meanwhile, the price of 10 grams of gold increased by Rs171, settling at Rs236,368. This follows a larger price hike seen just the day before when gold prices surged by …
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SECP Issues Consultation Paper to Improve Public Offering Regime in Pakistan The Securities and Exchange Commission of Pakistan (SECP) has released a Consultation Paper aimed at enhancing the public offering regime to promote capital formation and streamline the regulatory environment for businesses. The paper, which is open for public feedback, highlights various areas for potential improvements that will foster a …
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Gold Prices See a Sharp Decline in Pakistan Amid Global Market Trends Gold prices in Pakistan witnessed a notable decrease for the second consecutive session on Wednesday, aligning with the downward trend in international markets. The price of gold per tola (approximately 11.66 grams) fell by Rs1,400, bringing the rate down to Rs260,100. This drop reflects the broader global trend, …
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J.P. Morgan Explores Investment Opportunities in Pakistan: A High-Level Engagement In a significant move towards enhancing foreign investment, Pakistan’s Federal Minister for Finance and Revenue, Muhammad Aurangzeb, held a high-level meeting with a delegation of international investors led by Amin Mohammad Khowaja, CEO of J.P. Morgan Pakistan. The meeting, which took place on Wednesday, focused on the potential for fixed-income …
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1. Introduction Investing in the Pakistan Stock Exchange (PSX) is one of the most effective ways to grow wealth and secure your financial future. With inflation eroding purchasing power, investing wisely becomes crucial. Arif Habib Limited (AHL), one of Pakistan’s leading brokerage firms, offers a robust platform for investors looking to enter the PSX. This article will guide you through …
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