The primary KSE-100 Index broke beyond the 52,000 mark on Tuesday, marking a good trend for the Pakistan Stock Exchange (PSX) after rising by more than 500 points. The index increased by 521.43 points, or around 1.01%, to 52,004.35 at 12:30 p.m. Brokerage business Arif Habib Limited pointed out thatContinue Reading
Pakistan has received its first supply of Russian liquefied petroleum gas (LPG), marking the country’s second significant energy agreement with Moscow.The arrival of this large LPG supply follows Pakistan’s earlier reception of Russian crude oil, demonstrating the two countries’ expanding energy relationship.The Russian embassy in Islamabad acknowledged the delivery ofContinue Reading
A four-member female gang known for preying on female commuters in the Bus Rapid Transit (BRT) has been captured by the Peshawar police, marking a significant victory.On Tuesday, the arrests were made public, putting light on a wave of thefts of cash, jewelry, and cell phones.Two of the gang membersContinue Reading
KARACHI : The entire debt of the central government increased by 34.1% at the end of April, according to the State Bank of Pakistan (SBP), reaching Rs58.6 trillion on an annual basis. The trend is predictable given the government’s increasing reliance on borrowing in the face of a weakening currencyContinue Reading
ISLAMABAD: On Tuesday, the Federal Cabinet, presided over by Prime Minister Shehbaz Sharif, authorised the immediate implementation of the Energy Conservation Plan. At a press conference in Islamabad with other cabinet members, Minister for Defence Khawaja Asif highlighted key aspects of the energy conservation plan. He added that under theContinue Reading
Pakistan is anticipated to make debt repayments of more than $1 billion to two international commercial banks early next month, despite the government’s challenging effort to avert sovereign default and the fact that there aren’t very many gross foreign currency reserves remaining. According to sources in the ministry of finance,Continue Reading
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Continue Reading
With the economy under great strain, as seen by depleted foreign reserves, a rising current account deficit, and the currency plunging to a historic low, Pakistan must act quickly to reactivate the International Monetary Fund programme in order to avert a Sri Lanka-style collapse. “In order to re-enter the program,Continue Reading
ISLAMABAD: Textile and garment exports climbed by 25.96 percent year on year to $15.98 billion in the first ten months of the current fiscal year, owing to a significant depreciation of the rupee and a consistent rise in global demand. On Saturday, the Pakistan Bureau of Statistics (PBS) released dataContinue Reading
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag has risen to Rs. 720 in one week.Residents in Slamabad have been impacted the worst by the flour price hike, and are now obliged to purchase the most costly flour in the country.The price ofContinue Reading