Pakistan charts course for interest-free financial system by 2028

KARACHI: Pakistan's government has unveiled a comprehensive roadmap for transforming the country's financial sector into a fully Shariah-compliant system, setting the stage for one of the most significant economic transitions in…

Muhammad ALI June 30, 2026

PSX

Pakistan OMCs set for windfall gains as fuel prices surge, but subsidy claims loom

KARACHI: Pakistan’s oil marketing companies (OMCs) are poised to report a sharp jump in third-quarter earnings on the back of forced inventory gains from a dramatic spike in global petroleum…

NNR April 10, 2026

PSX

Pakistan signs offshore, onshore exploration deals with OGDCL, Turkish Petroleum and partners

KARACHI: The Government of Pakistan on Wednesday executed petroleum exploration agreements for one offshore and two onshore blocks with a consortium of state-run and foreign firms, the country's largest explorer…

NNR December 3, 2025

PSX

Pakistan’s tech exports hit record $386 million in October, Sector booms

ISLAMABAD - Pakistan's technology exports surged to an all-time high of $386 million in October, officials said on Monday, driven by regulatory reforms and growing global clientele, putting the sector on…

NNR November 17, 2025

PSX

Pakistan grants power agency new role in market overhaul, caps legacy contracts

ISLAMABAD: Pakistan's power regulator has approved the registration of the Central Power Purchasing Agency (CPPA-G) as a Special Purpose Agent (SPA), a key step in the country's long-delayed electricity market…

Muhammad ALI October 15, 2025

PSX

Pakistan Stock Exchange launches EOD market data product via Deutsche Börse

KARACHI: The Pakistan Stock Exchange (PSX) has launched its End-of-Day (EOD) Market Data Product on the Deutsche Börse Data Shop, marking a strategic step toward global data integration and commercial…

NNR September 28, 2025

PSX

OGDCL raises Reko Diq funding commitment to $715 million, approves key financing agreements

KARACHI: Oil and Gas Development Company Ltd (OGDCL) said its board has approved an increase in its committed expenditure for the Reko Diq copper and gold project to $715 million,…

NNR August 19, 2025

PSX

Pakistan’s pharmaceutical industry hits record Rs 1.049 trillion rupees in Q1 2025

LAHORE: Pakistan’s pharmaceutical industry reached a historic high of 1.049 trillion rupees ($3.77 billion) in the first quarter of 2025, marking a 20.62% growth compared to the same period last…

NNR July 3, 2025

PSX

Attock Cement’s majority shareholder weighs exit amid strategic interest

Sand destined to the manufacture of cement in a quarry KARACHI: Pharaon Investment Group Limited (PIGL), the majority shareholder of Attock Cement Pakistan Ltd. (ACPL), is exploring a potential exit…

NNR June 26, 2025

PSX

OGDC signs offshore exploration deal in Abu Dhabi, unveils new gas discovery in Sindh

ISLAMABAD: Oil & Gas Development Company Limited (OGDC) on Thursday announced the signing of a Production Concession Agreement (PCA) for the development of Offshore Block 5 in Abu Dhabi, solidifying…

Muhammad ALI June 12, 2025

PSX

Pakistan enacts Digital Presence Proceeds Tax Act to tax foreign tech firms

Digital and e-commerce activity underpins brand experience, drives awareness and traffic, grows the consumer base whilst maintaining brand loyalty amongst consumers. ISLAMABAD: Pakistan has introduced a new tax targeting multinational…

NNR June 10, 2025

PSX

WPP Plc expands Pakistan presence with strategic mergers

friendship, leisure, people and entertainment concept - happy friends watching tv at home in evening LONDON: Pakistan competition watchdog has approved three separate merger transactions, allowing Berkeley Square Holding BV…

NNR June 4, 2025