People look at handbags displayed outside shops at a market, ahead of Eid al-Fitr celebrations in Karachi, Pakistan, April 19, 2023. — Reuters Inflation is expected to decline to 5.6%-6.5% by December. PBS data shows inflation fell to 7.2% in October. The LSM sector seems to be struggling to bounce back. Inflation is expected to … Read more
The Adani Group logo is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. — Reuters Indian conglomerate Adani Group said Wednesday it has lost nearly $55 billion in a stock market meltdown since U.S. prosecutors last week charged its founder and other officials with fraud. … Read more
Brokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Monday, November 25, 2024. — PPI Macroeconomic fundamentals fail to compensate for political nervousness. The PTI protests and unrest are weighing heavily on investor confidence. The KSE-100 index fell 3,899.19 points at the session low. On Tuesday, stocks experienced a stormy session, … Read more
A gas pump looks deserted due to a strike on July 5, 2024. — Geo.tv Things will get serious if the current situation continues, says Atif. Zafar Elahi says fuel pump reserves typically last 3 to 4 days. All possible measures are being taken to improve fuel supply: Ogra. ISLAMABAD: The government’s move to block … Read more
A broker talks on the phone at the Pakistan Stock Exchange in Karachi on May 20, 2024. — PPI The market opens with a sharp decline of 600 points due to political concerns. Positive macroeconomics, IMF optimism and falling bond yields are driving an uptrend. October C/A surplus of $349 million; reserves at a 2-year … Read more
Federal Commerce Minister Jam Kamal Khan and Belarusian Energy Minister Alexey Kushnarenko stand next to a hand-crafted Pakistani rickshaw during the Pakistan-Belarus Business Forum 2024, discussing its intricate design and its cultural significance on November 25 in Islamabad. – APPLICATION Federal Commerce Minister Jam Kamal Khan brought a touch of Pakistani culture to the Pakistan-Belarus … Read more
Workers cross London Bridge railway and underground station during the morning rush hour in London, Britain, September 8, 2021. — Reuters UK workplaces are among the worst in Europe for long hours, tight deadlines and limited autonomy, without being any more productive, says report prepared as new Labor government plans tougher rules for employers. Three-fifths … Read more
Representative image showing two employees working on a gas pipeline. — AFP/File SNGPL began reducing its gas outputs from November 13. The country’s main gas pipeline is now used for storage. The data shows that the pipe pack pressure is still not reduced. ISLAMABAD: Amid fiscal challenges facing the country’s energy sector, it has been … Read more
Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, July 19, 2024. — Reuters PTI marches towards Islamabad to stage protest. “Tax revenues are decreasing due to confinement and protests.” The industrial sector faces a loss of Rs20 billion in the provinces: FinMin. Pakistan is suffering a huge loss … Read more
This image shows workers installing a solar panel. — Reuters/File Rooftop solarization and net metering reduce grid demand by 8-10%. Solar users save up to Rs20 per unit cost for net metering setup. Report suggests bill of Rs 1,000 for domestic net metering users. ISLAMABAD: In a worrying revelation, it has emerged that unregulated solarization … Read more