ISLAMABAD: The Islamabad High Court (IHC) on Friday reserved its judgment on four identical petitions challenging appointment of the National Bank of Pakistan (NBP) president and its chairman. Justice Mohsin Akhter Kiyani conducted hearing on four petitions filed separately regarding the above matter and reserved its verdict after listening arguments of all parties. At the […]
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All government funds to be placed with central bank: SBP
In a notification issued by the SBP, all commercial banks have been directed to divert the accounts of all government departments before the start of the new fiscal year with the central bank. According to the directives, no new account of any government department in a private bank will be opened and all previous accounts […]
PSX holds Gong ceremony for onboarding NBP as ‘market maker’
National Bank of Pakistan (NBP) and Pakistan Stock Exchange (PSX) signed an agreement to onboard NBP as a ‘Market Maker’ for government securities listed on PSX. During a ceremony held at PSX trading hall, the PSX welcomed NBP senior management team and started proceedings by striking the Gong to mark the beginning of the trading […]
KSE-100 sheds 147 points in directionless trading session
The stock market remained range-bound and directionless throughout the trading session on Thursday. The KSE-100 index fell by 147.39 points or 0.42 percent and closed at 34,887.64 points. An equity analyst at Next Securities said news reports that Pak-IMF deal may be announced on Friday also failed to excite investors, given the tough terms that […]
PSX Index closes at 35-month low as uncertainty persists
Pakistan equities closed Tuesday bearish with benchmark KSE-100 Index shedding 498 points, closing at 36,404 levels, down 1.3 percent. The local bourse witnessed a dull trading session making a low of -766 points. An equity analyst at IIS Securities said KSE-100 index remained under pressure throughout the session Tuesday due to uncertainty over the International […]
PSX lands in red as KSE-Index sheds 629 points
Pakistan equities closed Wednesday on a negative note with benchmark KSE-100 Index shedding 629 points, closing at 36,752 levels, down 1.7 percent. The local bourse made a high and a low of +37 & -690 points, respectively. Market came under pressure on the lack of clarity on the economic front. Moreover, banking sector led the […]
Energy, financial scrips push PSX Index up
Pakistan equities closed Tuesday positive with benchmark KSE-100 Index gaining 208 points, closing at 37,130 levels, up 0.6 percent. The local bourse made a high and a low of +349 and -329 points, respectively. An equity analyst at IIS Securities said the positive sentiment was mainly driven by improved trade numbers for the month of […]
Park Lane reference: Zardari questions NAB’s jurisdiction
Former President Asif Ali Zardari Friday questioned the National Accountability Bureau’s (NAB) jurisdiction over Park Lane Estate reference in his response against the questionnaire that was handed over to him by the NAB. Asif Ali Zardari took the stance in his reply that the NAB cannot take action against matters of private company according to […]