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FEATURE
on Sep 13, 2024
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The Pakistan Stock Exchange (PSX) opened with a significant surge on Friday, gaining 999 points, pushing the KSE-100 index to surpass the 80,000-point mark, a level restored after recent economic developments. The index reached 80,016 points at the start of trading on Friday. The bullish trend is largely attributed to the anticipated finalization of a […]

FEATURE
on Sep 12, 2024
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NEW DELHI: India’s August retail inflation remained below the central bank’s target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists’ forecast of 3.5%. India’s […]

FEATURE
on Sep 12, 2024
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ISLAMABAD: The International Monetary Fund (IMF) has confirmed that its Executive Board will meet on September 25 to discuss the approval of Pakistan’s $7 billion Extended Fund Facility (EFF). The loan is crucial for stabilising Pakistan’s economy, which has been grappling with rising inflation and dwindling reserves. IMF spokesperson Julie Kozack announced the meeting during […]

FEATURE
on Sep 11, 2024
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ISLAMABAD: Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions […]

FEATURE
on Sep 11, 2024
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ISLAMABAD: Pakistan is hosting the 23rd Meeting of Ministers of the Shanghai Cooperation Organization (SCO) Member States responsible for Foreign Economic and Trade Activities on Thursady, said an official handout. “This important event, where Ministers of SCO countries dealing with External Trade and Commerce would be representing their countries, will be chaired by Pakistan’s Commerce […]

FEATURE
on Sep 11, 2024
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ISLAMABAD: The country’s power regulator has slapped a fine of Rs10 million on K-Electric (KE)—the power utility that supplies electricity to Karachi—for “lack of safety measures/culture” which resulted in the death of a person within its service territory during FY 2022-23. The National Electric Power Regulatory Authority (NEPRA) directed KE to pay the fine in […]

FEATURE
on Sep 11, 2024
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ISLAMABAD: Finance Minister Muhammad Aurangzeb and Planning Minister Ahsan Iqbal raised objections to the formation of a National Digital Commission and the Pakistan Digital Authority, instead called for using the current available infrastructure and taking advantage of innovation in the scientific field. The ministers along with Minister of State for Information Technology (IT) Shaza Fatima […]

FEATURE
on Sep 11, 2024
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KARACHI: The Pakistan Stock Exchange (PSX) experienced a sharp decline on Wednesday, with the KSE-100 index plummeting by 634.94 points amid growing political uncertainty and cautious investor activity ahead of the State Bank of Pakistan’s (SBP) upcoming policy announcement. The trading day started on a positive note, with the KSE-100 index hitting an intraday high […]

FEATURE
on Sep 11, 2024
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KARACHI: Visa plans to increase the number of businesses accepting digital payments in Pakistan tenfold over the next three years, the payments giant’s general manager for Pakistan, North Africa and Levant told Reuters. The comments from Leila Serhan came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining […]