Finance

Market Overview On Friday, the Pakistan Stock Exchange (PSX) witnessed continuous fluctuations, with the KSE-100 index ending the day flat despite some volatility. The market was under pressure due to the nearing end of the corporate earnings season and the futures rollover, which influenced investor sentiment. Trading Session Highlights The trading day started positively, with the KSE-100 index reaching its …

Market Commentary Pakistan Weekly Market Update: The week commenced with slight market pressure due to Pakistan’s absence from the IMF Executive Board’s schedule for August 2024, leading to concerns about the disbursement of the expected tranche. However, optimism returned midweek when the Finance Minister announced progress in negotiations with the IMF, suggesting the possibility of securing approval from the IMF …

SBP Foreign Exchange Reserves Post Marginal Weekly Increase The State Bank of Pakistan (SBP) has reported a slight increase in its foreign exchange reserves for the week ending August 16, 2024. According to the latest data released by the central bank on Thursday, the reserves held by the SBP have risen by $19 million on a weekly basis. The Numbers …

Introduction and Overview Engro Corporation Limited, one of Pakistan’s leading conglomerates with diversified interests in various sectors including fertilizers, petrochemicals, energy, and food, has recently disclosed its financial performance for the first half of calendar year 2024 (1HCY24). The results have been a mix of achievements and challenges, signaling complex dynamics within the business environment. For 1HCY24, Engro posted a …

SBP to Replace All Currency Notes with Polymer by Year-End The State Bank of Pakistan (SBP) is set to introduce a significant change in the nation’s currency landscape. Governor Jameel Ahmad has announced that all currency notes will be replaced with new ones made from polymer paper by the end of this year. This announcement was made during a briefing …

On Wednesday, State Bank Governor Jameel Ahmed announced that the design of Pakistan’s currency notes would be revamped by December. This announcement was made during a session of the Senate Standing Committee on Finance, chaired by Senator Salim Mandviwala. The revamped notes will feature enhanced security elements, addressing the need for modernized and secure currency in Pakistan. Revamping the Currency …

The Pakistani government announced on Tuesday its need for Rs32 trillion in loans for the fiscal year 2024-25, relying heavily on rollovers from foreign banks and bilateral lenders. The success of this borrowing plan is contingent on the timely approval of the International Monetary Fund (IMF) programme and continued financial support from China. Key Aspects of the Borrowing Plan The …

The Federal Board of Revenue (FBR) has officially announced September 30 as the deadline for submitting income tax returns for the financial year 2023-24. This deadline is crucial for taxpayers across Pakistan to ensure compliance with national tax regulations and avoid potential penalties. Legal Consequences for Non-Compliance The FBR has issued a stern warning to individuals and businesses who fail …

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 …

FSWL Directed to Disclose Details Amidst Unusual Share Price Movements In accordance with Section 97 of the Securities Act, 2015, and clause 5.6.3 of the PSX Regulations, listed companies are required to disclose relevant information to the public when unusual movements in the price or volume of their traded securities are observed. This requirement ensures transparency and provides investors with …