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Category: Business

State Bank of Pakistan building in Karachi.

Pakistan’s Foreign Exchange Reserves Rise by $16 Million to $26.86 Billion

Pakistan’s foreign exchange reserves increased by $16 million during the week ended October 9, reaching $26.863 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. The central bank’s foreign exchange reserves rose to $21.469 billion during the reporting week. Meanwhile, commercial banks held an additional $5.393 billion in reserves. Together, […]
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Shaheen Energy and Anton Oilfield Services partnership to explore gas sector investment in Pakistan.

Shaheen Energy, China’s Anton Oilfield Services Plan Rs20bn Investment in Pakistan’s Gas Sector

Shaheen Energy (Pvt) Ltd (SEPL) and China’s Anton Oilfield Services Group have signed a memorandum of understanding (MoU) to explore investment opportunities in Pakistan’s gas sector. According to a statement by Shaheen Energy, the two companies intend to invest around Rs20 billion over the next three to five years. The proposed programme will focus on […]
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Canada and Kashf Foundation partnership supporting women entrepreneurs and financial inclusion in Pakistan.

Canada and Kashf Foundation Mark 10-Year Partnership to Empower Women in Pakistan

The High Commission of Canada in Islamabad and Kashf Foundation have marked the conclusion of a 10-year partnership aimed at advancing women’s economic empowerment and social inclusion across Pakistan. With funding from Global Affairs Canada, the partnership reached more than 1.6 million people in 63 districts across all four provinces. It combined access to finance […]
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- ConnectHear and Standard Chartered Pakistan promote inclusive employment at the Access.Ability.Careers event in Karachi.

ConnectHear, Standard Chartered Pakistan Promote Inclusive Employment in Karachi

ConnectHear has brought its Access.Ability.Careers initiative back to Karachi for the third time, with Standard Chartered Pakistan serving as Platinum Sponsor. The initiative aims to expand employment opportunities for persons with disabilities (PWDs) across Pakistan. It connects job seekers with employers and promotes more inclusive recruitment practices. The event brought together nearly 2,000 persons with […]
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Pakistan Stock Exchange trading screen showing stock market activity.

KSE-100 Falls Below 165,000 as Political Uncertainty Weighs on PSX

The Pakistan Stock Exchange (PSX) extended its losses on Tuesday as investors remained cautious amid domestic political uncertainty and concerns over the economic outlook. The benchmark KSE-100 index fell below 165,000 after selling pressure persisted throughout the session. The decline came despite the finance minister’s optimism that Pakistan’s GDP growth would exceed 4% in the […]
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Textile manufacturing machinery operating in a Pakistani textile factory.

Textile Exporters Seek Tax Relief, Energy Reforms to Boost Pakistan’s Competitiveness

Pakistan’s textile and clothing exporters have urged the government to introduce structural reforms and provide temporary financial relief to reverse the sector’s downturn and protect the country’s share in international markets. Commerce Secretary Jawad Paul chaired a high-level meeting on Tuesday to review challenges facing the textile industry and discuss policy measures to restore export […]
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Lucky Investments announces the launch of its Islamic Capital Protected Fund Plan I in Pakistan.

Lucky Investments Launches Shariah-Compliant Capital Protected Fund Plan I

Lucky Investments Limited has launched Lucky Islamic Capital Protected Fund Plan I (LICPFP I), a Shariah-compliant investment plan designed to offer growth opportunities while focusing on protecting investors’ principal. The plan uses a dynamic asset allocation strategy to balance potential returns with capital protection. It allocates investments between Shariah-compliant listed equities and money market or […]
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