Faisalabad: Interloop Limited (ILP), a leading textile manufacturer, has maintained its Buy rating, though with a revised target price of Rs90, indicating a potential upside of 30%. This adjustment reflects a 10% reduction from the previous target pri…
Islamabad: FTSE Russell has reclassified Pakistan from a Secondary Emerging Market to a Frontier Market, effective September 2024, due to its failure to meet the minimum securities count requirement. This adjustment follows the country’s placement on …
Karachi: The currency exchange rates in Pakistan have shown minor fluctuations over consecutive days, as per the latest data from the Exchange Companies Association of Pakistan. Notably, rates for major currencies like the USD, Euro, and GBP have seen…
Karachi: The Pakistani fertilizer sector witnessed a mixed performance in the second quarter of 2024, with a notable decrease in urea sales but an increase in DAP offtakes. Engro Fertilizers Ltd and Fauji Fertilizer Company reported significant decline…
Karachi: Pakistan’s rice exports have surged to a historic high of $3.88 billion in the fiscal year 2023-24, as per Rafique Suleman, former chairman of the Rice Exporters Association of Pakistan (REAP). This achievement marks a significant rise from th…
Karachi: The President of the Korangi Association of Trade and Industry (KATI), Johar Kandhari, has called for immediate government intervention to relieve industries burdened by what he describes as unnecessary taxes. As per Kandhari, these fiscal pre…