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The PSX was established on 11 January 2016 after the merger of the Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange. [7] [8] [9] As of January 2022, there are about 375 companies listed on the PSX with a total market capitalisation of PKR 7,756 billion (US$27 billion). [10]
The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's central bank then stabilized by lowering interest rates and buying dollars, in order to preserve the country's export competitiveness.
The Habib family owned and managed the bank until the Pakistan government nationalised it on 1 January 1974. The Habib family received compensation of PKR 36.31 per share from the Government of Pakistan and subsequently the bank was delisted from the Karachi Stock Exchange. [10]
The State Bank of Pakistan(SBP) (Urdu: اسٹیٹ بینک پاکستان) is the central bankof Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalisedand the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956,[5]with subsequent amendments ...
The Pakistani rupee ( ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was handed over to the Government and State Bank of ...
The KSE-100 is a capitalisation-weighted index and consists of 100 companies representing about 90 percent of market capitalisation of the Exchange. In 1995, the need was felt for an all share index to reconfirm the KSE-100 and also to provide the basis of index trading in future. On August 29, 1995, the KSE all share index was constructed and ...
China–Pakistan Economic Corridor(CPEC) (Chinese: 中巴经济走廊; pinyin: Zhōng bā jīngjì zǒuláng; Urdu: چین پاکستان اقتصادی راہداری) is a 3,000 km Chinese infrastructure network project in construction in Pakistan.[9] This sea-and-land-based corridor is aimed to secure and reduce the passage for China's energy imports[9]from the Middle East, by avoiding the ...
2024. The Pakistan Super League ( PSL) (also known as the HBL PSL for sponsorship reasons) is a men's Twenty20 cricket league contested by six city-based franchise teams. The league was founded in 2015 by the Pakistan Cricket Board. Instead of operating as an association of independently owned teams, the league is a single entity in which each ...