An investor can be seen by looking at the Digital Stock Board of Directors on the Pakistan Stock Exchange. – AFP / File Kse -100 ends at 116,439.62, down 2,002.55 points, or -1.69%. Intraday High reaches 118,797.70, up 355.53 points, or 0.3%. The index drops to a level of 116,257.51, down 2,184.66 points, or -1.84%. … Read more
The brokers in stock monitor the new television screens on a stand, during a negotiation session on the Pakistan Stock Exchange, in Karachi, on July 3, 2023. – Reuters The market ends at 115,094.23, up 1,009.70 points. Intraday High reaches 115,247.39, winning 1,162.86 points. Low session recorded at 114,429.93, up 345.4 points. The stock market … Read more
This image of representation shows women working in a clothing factory. – AFP / File The PM Shehbaz underlines the need for the economic empowerment of women. The authorities authorize to provide capital, from facilities to business women. Orders to set up facilitation and training centers to support women. Islamabad: Prime Minister Shehbaz Sharif said … Read more
A power transmission tower is seen one day after a power failure across the country in Karachi on January 24, 2023. – Reuters The recent report of the Ministry of Finance highlights the management of the power sector. Discos are faced with high -risk factors contributing to operational ineffectiveness. Debt motivated by the inability of … Read more
Mukhtar Diop, Director General General Finance Corporation (IFC). – IFC website / file The visit is on the heels of approval by the WB group of the transformative strategy. The Country Partnership Strategy promises $ 20 billion in spending over the next decade. IFC Investments to strengthen the country’s private sector, with an average of … Read more
An electric vehicle is connected to a charging station in Bilbao, Spain, February 15, 2023. – Reuters China to deliver 30 load factories in the next 10 days. First station already installed in Karachi; Lahore to follow the plunge. “EV production will start with December,” said the CEO of the Aden group. Karachi: A major … Read more
A stockbroker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, July 31, 2023. — AFP Bearish sentiment persisted in the stock market on Tuesday as profit-taking, driven by mutual fund redemptions, and pressure on energy stocks weighed on trading. Concerns about circular debt in the gas sector … Read more
An undated image of a MOL Pakistan exploration site. — MOL Pakistan website/file Circular debt creates cash flow constraints, according to the ministry report. This highlights ineffective financial management in PSO, PPL, etc. Deplores obsolete and inefficient infrastructure, operational problems. ISLAMABAD: The Ministry of Finance, in its report, has raised serious questions over financial mismanagement … 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
Electricity transmission towers are pictured in Karachi on July 26, 2022. — Reuters The project will include the installation of advanced metering infrastructure. At least 25 network stations are to be built and upgraded in Lesco. The voltage of four stations on the Sepco network will be increased to 132 kV. ISLAMABAD: The Asian Development … Read more
A representative image of transmission lines. — AFP/File ISLAMABAD: As Pakistan’s economy shows promising signs of recovery, the power sector plays a pivotal role in sustainable growth. THE Economic update And Outlook for November 2024 highlights a significant increase in foreign direct investment (FDI) in the sector, with $414 million invested in the first four … Read more
ISLAMABAD: The Balochistan government has collected Rs 2.5 billion from the mining sector in the current financial year, despite the coronavirus pandemic and the subsequent lockdown that was imposed to curb the spread of the virus. The government has collected a huge amount from the mining sector and deposited it in the provincial treasury, a … Read more