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The Pakistan Stock Exchange (PSX) came into existence in January 2016 when the Government of Pakistan decided to merge the three large exchange markets of the country (based in Karachi, Lahore, and Islamabad) into one combined market. [ 15 ] The PSX was launched on 11 January 2016. Prior to the formal launch, the Karachi Stock Exchange held a ...
Nishat Group. Lahore. US$6 billion[1] Conglomerate. Fauji Foundation. Rawalpindi. US$4 billion[2] Conglomerate. US$1.671 billion (2017) [3]
An economy where the stock market is on the rise is considered to be an up-and-coming economy. The stock market is often considered the primary indicator of a country's economic strength and development. [ 21 ] Rising share prices, for instance, tend to be associated with increased business investment and vice versa.
Pakistan and the IMF reached a staff level agreement on the second and last review of a nine-month, $3 billion St Pakistan benchmark share index hits record high, IMF cheer continues Skip to main ...
Pakistan qualified for the popular MSCI Emerging Markets Index in May 2017, an upgrade from Morgan Stanley Capital International's (MSCI) Frontier Market (FM) index. [ 17 ] On 25 May 2017, the KSE-100 index reached the all-time high of 53,124 points, later it tanked to 37,919 points in a matter of seven months.
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: ماموریہ تمسکات و مبادلہ پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient ...
In 2004, OGDC was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 32 per share. [ 8 ] On 4 May 2009, the government of Pakistan appointed a Citigroup -led consortium to advise the state-run Privatisation Commission on the sale of 10 to 15 percent (or 430 to 645 million shares) of the company.
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive external borrowings by the country over the years raised the spectre of ...