Business Archives

Business

Gold price in Pakistan drops Rs2,200 per tola to Rs473,162 as international gold falls $22 to $4,508 per ounce

Gold Price in Pakistan Falls Rs2,200 Per Tola and Rs1,886 Per 10 Grams Nationwide

Focus Pakistan2026-05-23

KARACHI: Prices of gold have gone down by Rs2,200 in Pakistan as the All Pakistan Gems and Jewellers Association revealed. The rate per tola is now Rs473,162. This decline comes on the heels of falling international gold prices, which were down by $22 to stand at $4,508 an ounce. Those following the trend of 10 grams ... Read more

Pakistan secures relief on LNG terminal capacity payments from Engro Elengy and Pakistan GasPort after Qatar force majeure declaration

Pakistan Cuts $15m Monthly LNG Bill After Negotiations With Terminal Operators

Focus Pakistan2026-05-23

KARACHI: Pakistan was successful in obtaining a notable benefit regarding its payments on LNG terminal capacity on Thursday through negotiations with the two private terminal operators Engro Elengy Terminal Pakistan Limited and Pakistan GasPort Consortium Limited. The benefit comes after the declaration of force majeure by Qatar on LNG supplies following regional conflict, which placed ... Read more

AGP Limited pharma merger approved by board targeting Rs37.5 billion combined revenue and top 10 Pakistan pharmaceutical ranking

AGP Limited Approves Mega Pharma Merger to Enter Top 10

Focus Pakistan2026-05-23

KARACHI: In a big move from AGP Limited on Friday, the company has been able to secure board approval for the merger of its pharma companies, thereby integrating its four affiliated pharma firms under one platform. The pharma merger by AGP Limited aims at generating revenues of about Rs37.5 billion, which would amount to an ... Read more

Pakistan Bureau of Statistics PBS weekly SPI inflation data showing 0.33 percent decline week ending May 21 2026

SPI Inflation Drops 0.33% Amid Fall in Chicken, Electricity Prices

Focus Pakistan2026-05-23

ISLAMABAD: The inflation rate in terms of the Sensitive Price Index in Pakistan decreased by 0.33 percent in the week ended May 21, 2026, providing much-needed respite for the public as the prices of chicken, electricity, and garlic fell significantly. This data was released by the Pakistan Bureau of Statistics at the end of the ... Read more

Pakistan government announces petrol price cut of Rs6 per litre and diesel Rs6.80 per litre effective midnight Friday May 2026

Pakistan Cuts Petrol Price by Rs6, Diesel by Rs6.80 in Second Consecutive Weekly Reduction

Focus Pakistan2026-05-23

ISLAMABAD: Back-to-back relief from the petroleum division has come the way of motorists in Pakistan on Friday, with the announcement of another cut in the price of petrol, cutting it by Rs6 per litre and high-speed diesel by Rs6.80 per litre starting tonight. Official confirmation came in the form of a statement from the petroleum ... Read more

Nishat Chunian Properties wind up recommended by NCL board at PSX filing May 22 2026

Nishat Chunian Moves to Shut Down Property Unit Without Financial Details

Focus Pakistan2026-05-22

LAHORE: The Board of Directors of Nishat Chunian Limited suggested that the company should wind up its wholly owned subsidiary, Nishat Chunian Properties Private Limited. This recommendation has been made following the notification issued to the Pakistan Stock Exchange. The move signifies yet another restructuring measure adopted by one of Pakistan’s leading industrial conglomerates. Nishat ... Read more

State Bank of Pakistan SBP foreign exchange reserves increase $1.21 billion to $17.08 billion week ended May 15 2026

SBP Foreign Exchange Reserves Rise $1.21bn to $17.08bn During Week Ended May 15

Focus Pakistan2026-05-22

ISLAMABAD: State Bank of Pakistan has indicated signs of improvement in the country’s economy after an increase of US$1.21 billion or 7.65% week-on-week in its foreign currency reserves, bringing the reserves up to US$17.08 billion for the week ending May 15, 2026. The impressive week-on-week rise resulted in national liquidity reserves amounting to US$22.59 billion. These ... Read more

Mari Energies Limited shareholders approve PKR 2.44 billion equity injection for GEM Project at Sachal Gas Processing Complex

Mari Energies Approves PKR 25 Billion Backing for GEM Clean Energy Project

Focus Pakistan2026-05-22

KARACHI: Mari Energies Limited shareholders approved the aforementioned financial package for funding the GEM Project of Mari Energies Limited, which is a joint venture for both greenhouse gas reduction and energy generation located close to Sachal Gas Processing Complex in Pakistan. Mari Energies has proposed two special resolutions for approval via Section 199 of the Companies ... Read more

PSX Raises Rs76.3bn for Finance Ministry in 6th GoP Hybrid Sukuk Auction

Focus Pakistan2026-05-21

KARACHI: Investor sentiment in Pakistan’s capital market was quite favorable, as indicated by the proceeds of Rs76.286 billion raised from the 6th Auction of Government of Pakistan Hybrid Sukuk held on May 20, 2026. This was achieved through the platform of Pakistan Sukuk Auction and had the sum total of bids of Rs262.197 billion, which ... Read more

Federal Minister Ali Pervaiz Malik witnesses the signing of 21 Production Sharing Agreements under Pakistan's Offshore Bid Round 2025 covering Indus and Makran offshore basins.

Pakistan Opens 54,600 Sq Km Sea Area for Major Offshore Drilling

Focus Pakistan2026-05-20

Pakistan has been negligent about its offshore energy prospects for nearly twenty years by relying on costlier fuel imports to satisfy their energy needs. Pakistan’s government is now taking steps to repair the past neglect of its energy resources. Contracts have been signed for all twenty-one Production Sharing Contracts and Exploration Licenses for Pakistan’s Offshore ... Read more