AGP Executive Report
Last update: 7 hours agoMarkets: The KSE-100 rose 1,456 points to 167,193, extending its rally to four sessions as strong corporate earnings lifted heavyweight shares. Reserves and Currency: SBP-held reserves increased $33 million to $21.52 billion; the rupee edged up to 276.76 per dollar. Exports: Pakistan’s tyre industry is targeting $150 million in exports in FY27, up from $116 million last year, with the government working to address market-access barriers in Türkiye. Trade Links: Pakistan and China agreed to speed customs clearance for selected agricultural goods at the Sost-Khunjerab crossing, including perishables. Investment: Pakistan and Saudi Arabia discussed opportunities in agriculture, minerals and mining. Industry: PSO reported first-quarter profit of Rs25.6 billion, up 172% year-on-year, while Lucky Cement approved a 3.2-million-tonne capacity expansion at its Karachi plant. Business Costs: The State Bank’s recent increase in its policy rate to 12% drew criticism from business leaders concerned about borrowing costs and industrial growth.
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