Market

Qatar, the world’s largest exporter of liquefied natural gas (LNG), will invest in Pakistan’s next import terminal to serve one of the fastest-growing markets for supercooled fuel.According to persons acquainted with the situation, Qasim Terminal Holdi…

President Dr. Arif Alvi has asked the Overseas Pakistanis to benefit from the country’s business-friendly environment and invest in various sectors of the economy.He stated that Pakistan had adopted a very liberal investment policy to ensure a favorabl…

The Pakistan Rupee appreciated against the US Dollar (USD) for the second consecutive day today. It gained 52 paisas against the dollar and closed at 172.26.Yesterday, the local currency registered its largest increase in value since April 2020. It add…

National Bank of Pakistan (NBP) has reported a profit after tax of Rs 24.1 billion for the nine-month period ending September 30, 2021, as against a profit after tax of Rs. 26.1 billion in the same period as last year.The earning per share of the bank …

The negotiations between Pakistan and Russia on building the North-South Gas Pipeline (now called Pakistan Stream Gas Pipeline – PSGP) are underway as per the schedule.The two sides had signed an inter-governmental agreement in 2015. The agreement envi…

Banks credit to the housing and construction sector, mainly builders and developers of housing societies, have surged to Rs. 305 billion at the end of September 2021, which was Rs. 166 billion at the end of September last year, showing an increase of R…

Allied Bank Limited (ABL) has managed to sustain its profit growth which stood at 4.5% year-on-year from January to September 2021.According to the financial results, the bank’s profit increased to Rs. 13.2 billion by the end of nine months of 2021, as…

Pakistan Petroleum Limited (PPL) registered a profit-after-tax of Rs. 52.4 billion, the second-highest for the company, and a final cash dividend of 20 percent on ordinary and 15 percent on convertible preference shares was also approved.PPL aims to au…