KSE-100 settles above 117,000
KARACHI: The buying rally at the Pakistan Stock Exchange (PSX) continued on Tuesday, with the benchmark KSE-100 Index closing above the 117,000 mark, marking a gain of over 800 points. The index surged 801.50 points or 0.69%, settling at 117,001.09,...
SBP refutes claims of banknote shortage ahead of Eid
KARACHI: The State Bank of Pakistan (SBP) on Tuesday strongly refuted claims that it is not issuing fresh banknotes ahead of Eid-ul-Fitr. The central bank issued a statement clarifying that it continues its long-established practice of providing fre...
Turkmenistan Ambassador meets Pakistan's petroleum minister to strengthen energy ties
ISLAMABAD: Ali Pervaiz Malik, the newly appointed Federal Minister for Petroleum, met with the Ambassador of Turkmenistan to Pakistan, His Excellency Mr. Atadjan Movlamov, at the Ministry today in a high-level meeting aimed at reinforcing the energy...
Haroon Akhtar addresses FPCCI on eco growth, business support
ISLAMABAD: The Special Advisor to the Prime Minister for Industries and Production, Mr. Haroon Akhtar Khan, addressed an important meeting at the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), emphasizing the government's unwaver...
FinMin reviews national health, population policy development
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, attended a crucial meeting today to review the ongoing development of Pakistan's National Health and Population Policy (NHPP) for the period 2025-34. The meeting, held...
FPCCI demands end to curtailments for 12 wind power projects with low tariff
KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has raised serious concerns over the ongoing curtailment of 12 wind power projects despite their cost-effectiveness and alignment with na...
SBP to Islamabad: No reforms, no rate cut, no growth
KARACHI: The State Bank of Pakistan (SBP) has sent a clear message to Islamabad: without substantial economic reforms, there will be no interest rate cut and no sustainable economic growth. The central bank remains firm on its stance that lowering i...
PM Shehbaz leads efforts to stabilize sugar market
ISLAMABAD: A high-level meeting of the Prime Minister Shehbaz Sharif Committee on the import of raw sugar was held under the chairmanship of Federal Minister for National Food Security & Research, Rana Tanveer Hussain. The meeting, attended by M...
Pakistan car sales decline 29% MoM in Feb 2025
KARACHI: Car sales in Pakistan fell 29% month-on-month (MoM) in February 2025 to clock in at 12,084 units, as compared to the previous month. However, on a year-on-year (YoY) basis, February sales recorded a 24% rise, as per data from the Pakistan A...
IMF agrees to govt's proposal for electricity price reduction
KARACHI: The International Monetary Fund (IMF) has agreed to the government's proposal to reduce electricity prices, with a final decision expected next month. Sources indicated that electricity base tariffs could be reduced by Re1 to Rs2 per unit,...
