The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, December 18, 2024. — PPI The stock market rebounded on Friday, recovering from the previous day’s historic losses, as investors took advantage of attractive valuations and positive economic indicators. Renewed optimism about market stability has led to a sharp increase in … Read more
A currency trader counts Pakistani rupee notes as he prepares to exchange U.S. dollars in Islamabad, December 11, 2017. — Reuters Pakistan has a current account surplus of $729 million. The surplus reflects the importance of remittances and the reduction in trade deficits. November marks the 4th consecutive month of surplus. KARACHI: Pakistan recorded its … Read more
The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, December 11, 2024. — PPI The capital market remained under intense selling pressure on Thursday, continuing its decline from the previous day due to aggressive profit-taking and cautious investor sentiment due to concerns over foreign capital outflows . The Pakistan Stock … Read more
A man walks with bags of supplies on his shoulder to deliver them to a nearby store at a market in Karachi, June 11, 2024. — Reuters Pakistan’s Consumer Confidence Index (CCI) recorded a gain of +0.8 points, reaching its highest level in three years, according to the December Global Consumer Confidence Index (CCI) Report … Read more
View of K-Electric headquarters, with solar panels in the parking lot, in Karachi, January 24, 2023. — Reuters The government suggests lowering the base tariff of KE to Rs 34.87 per unit. Proposes to adjust the depreciation rates of the supplier’s assets. Objections raised on electricity supplier’s working capital. ISLAMABAD: The government has opposed K-Electric’s … Read more
Federal Reserve Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the Federal Reserve December 18, 2024 in Washington, DC. -Reuters The US Federal Reserve cut interest rates on Wednesday, with Chairman Jerome Powell warning that further reductions would depend on significant progress in tackling persistently … Read more
Finance Minister Muhammad Aurangzeb presents the 2024-2025 federal budget before the National Assembly. — INP/File Non-filers will not be allowed to purchase property beyond a certain limit. They will not be able to transact beyond a certain limit. Finance Minister Muhammad Aurangzeb presents bill to NA. ISLAMABAD: The federal government on Wednesday introduced a bill … Read more
A currency dealer counts US dollar notes at a currency exchange office in Karachi on May 26, 2023. — PPI FDI flows in November jumped 27% to $219 million. China remains the leading investor with $469 million in FDI. The UK contributed $113 million from July to November. Pakistan’s net foreign direct investment (FDI) increased … Read more
The broker is busy trading at the Pakistan Stock Exchange in Karachi on Wednesday, December 11, 2024. — PPI The capital market rebounded on Wednesday after Tuesday’s decline, driven by improving macroeconomic indicators and recent policy measures that boosted investor confidence. The benchmark KSE-100 index jumped 1,376.02 points, or 1.2 percent, in early trading to … Read more
General view of the Aramco oil field in the Empty Quarter, Shaybah, Saudi Arabia, January 12, 2024. — Reuters RIYADH: Saudi Arabia has successfully extracted lithium from brine samples from national giant Aramco’s oil fields and plans to launch a commercial direct extraction pilot program soon, Saudi Arabia’s deputy minister of Mining affairs. Lithium Infinity, … Read more
A representative image showing the lit burner of a gas stove. — Reuters/File Ogra approves 8.71% increase for Sui Northern users. Approves a 25.78% increase for Sui Southern consumers. The hike will be finalized after advice from the government, says Ogra. ISLAMABAD: As citizens continue to suffer from high bills during the winter season, the … Read more
A woman holds U.S. dollar bills in this illustration taken May 30, 2022. — Reuters The PTA report reveals that there are 196 million telecommunications subscribers. CMOs see maximum investment of $431 million in 2023-24: report. Report shows 5G deployment requires substantial investment. ISLAMABAD: Pakistan’s telecom sector witnessed an over 20 per cent drop in … Read more