KSE-100 closes over 1,900 points
KARACHI: The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index closed lower by more than 1,900 points after profit-taking in the final hours wiped out nearly 1,700 points the index had gained during intra-day trading on Wednesday. The KSE-100...
Finance Minister questions green bond mechanism
ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed concerns about the mechanism surrounding the Water and Power Development Authority's (Wapda) green bond, specifically regarding its inability to address the government's potential liabiliti...
Late buying helps KSE 100 index cut losses
KARACHI: The Pakistan Stock Exchange (PSX) experienced another turbulent session on Tuesday, with the KSE-100 Index seeing significant fluctuations before closing down by 202 points. The market started on a positive note, reaching an intra-day high o...
Gold price per tola gains Rs1,000
KARACHI: Gold prices in Pakistan saw an increase on Tuesday, following a rise in international rates. In the local market, the price of gold per tola rose by Rs1,000, reaching Rs276,000. Similarly, the price of 10-gram gold increased by Rs857, settl...
NEPRA cuts electricity tariffs
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a reduction in electricity prices under the monthly Fuel Price Adjustment (FCA), providing relief to consumers. For consumers of government-owned Distribution Companie...
Govt to abolish 150,000 vacant posts, says Aurangzeb
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Tuesday that the government will abolish 150,000 vacant positions across various government departments as part of a comprehensive strategy to reduce federa...
Pak, UAE commit to strengthening cooperation in key sectors
ISLAMABAD: Prime Minister Shehbaz Sharif held an important meeting with Sheikh Mohammed bin Zayed Al Nahyan, the President of the United Arab Emirates (UAE), where they discussed a range of mutual and bilateral matters. The meeting focused on enhanc...
IMF calls for strict tax on captive power plants
ISLAMABAD: The International Monetary Fund (IMF) has insisted on a substantial levy on gas supply to industrial captive power plants (CPPs) as part of its ongoing conditions for Pakistan's $7 billion Extended Fund Facility (EFF). This request is aim...
Uzbekistan to launch direct flights to Karachi to boost trade
ISLAMABAD: Uzbekistan is set to launch direct flights to Karachi, according to Uzbek Ambassador to Pakistan, Alisher Tukhtaev. The announcement follows Tukhtaev's recent visit to Karachi, where he addressed members of the business community, includi...
Uraan Pakistan: Pre-flight preparations underway
ISLAMABAD: Despite facing significant economic and political challenges, the current government's initiative, "Uraan Pakistan," aims to revitalize the economy. However, for the initiative to succeed, it is essential that the government clearly define...
