KARACHI: The Pakistan Stock Exchange (PSX) commenced the trading week on a notably bullish note, with the benchmark SE-100 index witnessing a robust surge, gaining
Category: BUSINESS
WTO ministers gather in UAE for talks amid geopolitical tensions
ABU DHABI: The world’s trade ministers gathered in the UAE on Monday for a high-level WTO meeting with no clear prospects for breakthroughs, amid geopolitical
Utility stores prices surpass market rates
ISLAMABAD: Concerns have been raised as utility stores across the cities have been found to selling essential commodities such as flour, sugar, and rice at
Dues to Chinese IPPs hit record $1.8b
ISLAMABAD: The outstanding dues of power projects of China-Pakistan Economic Corridor (CPEC) have alarmingly increased to a record Rs493 billion or $1.8 billion as of
Inflation spikes on food, energy costs
KARACHI: The weekly inflation reading ticked up 0.04% due to a hike in food and energy prices in the week ending February 22, ending the
Govt gets only $9.2b in foreign loans
ISLAMABAD: Pakistan received a little over $9 billion in foreign loans during the first seven months of the current fiscal year, an amount that was
Austerity measures reintroduced
ISLAMABAD: Interim Prime Minister Anwaarul Haq Kakar has approved new fiscal austerity measures, including a ban on creating new positions and major purchases. However, the
Toyota assembler in Pakistan to invest Rs3bn to scale up local production of parts
KARACHI: Pakistan’s leading car assembler, Indus Motor Company (IMC), announced an investment of Rs3 billion to increase domestic production of parts and components of its Toyota-brand vehicles,
PSX stays bullish, gains 901 more points
ISLAMABAD: The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Friday, gaining 901.48 points, a positive change of 1.46 percent, closing
Govt restructures gas priority for industrial growth
ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It