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
A power generation unit in Sukkur. — Sepco Website/File The CEO of Sepco will be director of DSU, co-director of the sector commander. The DSU will report directly to the Power Division Secretary. DSU was also mandated to reduce non-technical losses. ISLAMABAD: Personnel of Pakistan Army, Federal Investigation Agency (FIA) and Inter-Services Intelligence (ISI) have … 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
An active broker under surveillance at the PSX on November 28, 2024. — INP The capital market extended its upward trajectory on Tuesday, exceeding the 117,000 point mark for the first time. Investor optimism remained strong, supported by the State Bank of Pakistan’s (SBP) policy rate cut yesterday, improving macroeconomic indicators and expectations of a … Read more
Broker busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, December 5, 2024. — PPI The stock market opened the week on a bullish note, reflecting continued optimism among investors, driven by expectations of a cut in policy rates from the State Bank of Pakistan (SBP) and improving macroeconomic indicators. Strong remittances, … Read more
The premier of Canada’s most populous province threatened Wednesday to cut off energy supplies to the United States if President-elect Donald Trump implements his proposed tariffs on Canadian goods. The bold move highlights escalating tensions between the two countries as they grapple with potential trade disputes. “We’ll go all the way, depending on how far … Read more
State Bank of Pakistan building in this undated image. — AFP/File The SBP has cut interest rates four times in a row since June. The CPI for November stood at 4.9%, well below the general market consensus. 71% of survey participants expect a minimum rate cut of 200 basis points by the SBP. The State … Read more
Stock brokers answer phone calls and monitor stock prices on their computers during a trading session at PSX, December 4, 2024. — APP The stock market continued its climb to cross the 108,000 point mark on Thursday, driven by a buying frenzy, growing anticipation of a substantial cut in interest rates at the Bank’s next … Read more
A stockbroker attends a trading session at the Pakistan Stock Exchange (PSX) in Karachi on July 31, 2023. — AFP The rally progresses as investors gorge themselves on valuations. Analysts predict sustained growth with stabilized policies. November inflation figures exceeded official market forecasts. Stocks continued their explosive upward momentum Tuesday, building on Monday’s record gains … Read more
Prime Minister Shehbaz Sharif chairs federal cabinet meeting on December 2, 2024. — PID Prime Minister Shehbaz Sharif welcomed a record fall in inflation to 4.9% after nearly six and a half years, expressing hope that the remarkable development will lead to further reductions in the policy rate. Exceeding official forecasts, inflation in Pakistan slowed … Read more