Stocks rally past 82,000 mark as investors bet on IMF deal approval
A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, on November 28, 2023. — Reuters Stocks hit a record high on Friday, with the benchmark index topping the 82,000 mark as investors binged on big names amid […]
Aurangzeb meets foreign investors | The Express Tribune
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb met with a delegation of international investors, led by JP Morgan Pakistan CEO Amin Mohammad Khowaja, to explore fixed income investment opportunities in the country. According to a press release issued by the Finance Ministry, during the meeting, the minister highlighted the significant strides Pakistan has made in improving […]
Finance minister unveils new incentives for foreign investors amid push for external financing | The Express Tribune
Finance Minister Muhammad Aurangzeb announced new policy measures on Thursday aimed at enhancing Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan. The finance minister chaired a review meeting in Islamabad with representatives from joint venture investment firms, including Pak-Brunei Investment Company Limited and Saudi-Pak Industrial and Agricultural Investment Company. The discussion focused […]
PSM land to be converted into SEEZ for investors | The Express Tribune
KARACHI: The federal government would hand over the 4,000-acres land of the Pakistan Steel Mills (PSM) to Chinese investors by establishing a Special Export Economic Zone (SEEZ) there, Sindh Industry Minister Jam Ikramullah Dharejo said on Thursday. Talking to the Council of Economic and Energy Journalists (SAGE) members, the minister stated that the land was […]
PSX soars to record 76,208 points as investors cheer steady CGT
A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI Pakistan’s stock market on Thursday surged to its highest level on record, marking its biggest single-day gain in nearly a year a day after the government, beating the market buzz, kept Capital Gains Tax (CGT) rate […]
Investors favour risk-free funds | The Express Tribune
KARACHI: Most investors have parked their savings in risk-free money market and income funds through mutual fund companies, keeping their investment notably low in the riskier Pakistan Stock Exchange (PSX). This is despite the fact that the bourse has outperformed all assets, offering a historically high return on investment of 90% in the first 11 […]
Sukuk: empowering retail investors | The Express Tribune
KARACHI: The debut of Pakistan’s inaugural listed sovereign Sukuk in December last year, valued at Rs30 billion, on the Pakistan Stock Exchange (PSX), alongside robust investor interest totaling nearly Rs400 billion, has paved the way for the consistent issuance of Shariah-compliant securities. This momentum could catalyse the creation of innovative Islamic capital market products such […]
Saudi Arabia desperately looking for investors to fund Neom ‘The Line’ project
The Line turns into a dot as Saudi cuts back project by 98.6%. — Parametric Architecture/File Saudi Arabia is facing difficulties in funding its $500 billion Neom megaproject, which features “The Line” city, Business Insider reported. And now for the first time since its construction which started in 2017, it has invited potential investors to […]
Global investors pull back amid inflation concerns | The Express Tribune
BENGALURU: Global investors dumped equity funds for the second consecutive week in the week ended April 10, amid persistent inflation worries and diminishing expectations for a US Federal Reserve rate cut in June. Economic data released on Wednesday showed US consumer prices increased more than expected in March, casting further doubt on whether the Federal […]
Pakistan eyes $300m by selling Panda Bonds to Chinese investors
Finance Minister Muhammad Aurangzeb. — APP. Federal Minister for Finance and Revenue Muhammad Aurangzeb has expressed eagerness to tap Chinese investors by selling as much as $300 million in Panda Bonds for the first time ever this year. Panda Bonds are yuan-denominated instruments sold in China by offshore issuers, including companies, multilateral agencies and governments. […]