Category: Business

PSX

PSX Crosses 170,000 as Saudi Funding, Middle East Talks Lift Sentiment | PSX 170,000 Points Milestone on

Benchmark index hits record high as geopolitical easing expectations and Saudi financial support drive strong investor inflows KARACHI: Pakistan’s stock market surged to a historic milestone on Wednesday as the Pakistan Stock Exchange (PSX) crossed the 170,000-point level for the first time, driven by improved investor sentiment, external financial inflows, and easing geopolitical concerns. The […]
SBP

SBP Allows Banks to Serve Licensed Crypto Firms Under New Digital Asset Framework

Pakistan moves to formally integrate regulated virtual asset service providers into the banking system under strict compliance and anti-money laundering controls. ISLAMABAD: The State Bank of Pakistan (SBP) has allowed licensed virtual asset service providers to open bank accounts, marking a significant reversal of restrictions imposed in 2018 and signaling a regulated pathway for digital […]
Pakistan

Pakistan Seeks Expanded IMF Funding Amid Middle East Conflict Economic Fallout

Expanded IMF Loan Request as Pakistan Faces Rising External Pressures WASHINGTON/ISLAMABAD: Pakistan is preparing to formally request additional financing from the International Monetary Fund (IMF) as it moves to cushion growing economic pressures linked to the ongoing Middle East conflict, officials said on Thursday. According to government sources, Islamabad intends to expand its existing $7 […]
JPMorgan

JPMorgan Chase Q1 profit beats expectations on record trading revenue

Volatile global markets and geopolitical uncertainty drive record trading revenue and stronger-than-expected quarterly earnings. NEW YORK: JPMorgan Chase posted a stronger-than-expected 13% jump in first-quarter profit, driven by record trading revenue as volatile global markets boosted client activity and hedging demand across major asset classes. The bank benefited from sharp market swings linked to concerns […]
Saudi Arabia

Saudi Arabia Announces $3 Billion Financial Support for Pakistan

New Saudi financial package and extended deposit aim to ease Pakistan’s external financing pressures Saudi Arabia has pledged an additional $3 billion in financial support to Pakistan, providing a crucial boost as the country faces rising external financing challenges. The announcement was made by Finance Minister Muhammad Aurangzeb during his visit to Washington, where he […]
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