Broker busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Friday, January 17, 2025. — PPI The KSE-100 index lost 1,598.82 points and closed at 113,443.43. The index hit an intraday low at 113,359.37 amid selling pressure. The benchmark index hit an intraday high of 115,256.16 points. The capital market remained under pressure … Read more
Pressure gauges are seen at a Romanian gas distribution station near Bucharest, January 6, 2009. — Reuters Domestic gas demand rises to 950 million cubic feet per day The electricity sector does not consume RLNG against its demand. Data shows that the domestic sector is now the largest consumer of RLNG. The pressure in the … Read more
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan, July 19, 2024. — Reuters/File Pakistan signs term sheets, one bilateral, one for trade: FinMin. The first evaluation of the EFF is scheduled for the end of February, says Aurangzeb. The minister invites global players to invest in priority … Read more
An image of the Tethyan Copper Company (TCC) gold and copper mining exploration project site in Reko Diq, Balochistan. -TCC Manara is preparing to buy a stake for around $500 million to $1 billion: FT. A Saudi investment would be good for the project: the head of Barrick. The Saudi Minister of Mines confirms that … Read more
A broker monitors stock prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, January 17, 2025. — INP The KSE-100 index closed at 115,042.25, down 802.56 points. Investors remain cautious ahead of the MPC meeting on January 27. The benchmark index hit an intraday low at 115,109.07 following profit-taking. Stocks ended … Read more
A worker is aligning designs on fabric machines for precise printing at a textile factory in Hyderabad, August 19, 2024. — APP The study calls for reinstating exemptions from export facilitation programs. Late refunds harm exporters and undermine the credibility of the GST system. Textile sector closures and job losses are compounding economic challenges. ISLAMABAD: … Read more
The seal of the International Monetary Fund is seen in the headquarters building in Washington, DC. — AFP/File On April 29, 2024, Pakistan successfully concluded a nine-month stand-by arrangement with the International Monetary Fund (IMF). Building on this milestone, the country transitioned to a 37-month Extended Financing Facility (EFF), equivalent to 261.9 percent of Pakistan’s … Read more
A representation of the virtual currency Bitcoin is seen in front of a stock chart in this illustration taken on January 8, 2021. — Reuters LONDON: Bitcoin hit a record high above $109,000 on Monday as Donald Trump, who has announced plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. … Read more
Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Friday, January 17, 2025. — PPI The capital market started the week on a positive note, building on last Friday’s momentum, driven by easing political uncertainty and improving macroeconomic indicators. Investor confidence was boosted by the conviction of former Prime Minister Imran … Read more
The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI The intraday high saw the KSE-100 index peak at 115,773.39. The closing level recorded a decline to 114,495.70 points. The KSE-100 index fell 308.46 points, or -0.27%. The capital market ended in the red on Tuesday, … Read more