Business

Index records weekly gain of 2.57%, attributing to declining KIBOR rates and yields on govt bills

On Thursday, prices had reached a new high, closing at Rs268,500 per tola

Bulls reached an intraday high of 82,372.19 points, reflecting a 0.86% increase compared to yesterday's close

PSX saw record foreign buying in 2024, with its benchmark KSE-100 Index having risen by 30% this year.

Nike shares jumped 8% in after-hours trading following the news.

Consumers shift to solar as electricity prices rise, impacting national grid consumption

Current account surplus, rising FDI, and global market trends fuel investor confidence

Fourth consecutive drop in sales prompts ACEA to demand urgent action

FTC report says data management policies at many companies were 'woefully inadequate'

Over 130,000 children targeted on popular games like Minecraft, Roblox

Highlights opportunities in tourism, medicine, and agriculture

Stakeholders urge compliance with global standards, reforms

Iqbal says govt allocated Rs130b for development, nearly double of Punjab

PM's coordinator credits reforms for PSX surge, export rise, improved investor confidence

Funding to be met by securing rollovers from bilateral creditors

Pakistan's forex reserves rise to $9.51bn, rupee strengthens to Rs277.91/USD, SBP targets $12bn by March 2025.

Eight out of 11 indexes rose, led by information technology up 3.08%, followed by 2.2% gain in communication services

Fed cut its rate by 50 bps on Wednesday as policymakers see another half a percentage point fall by end of this year

Rate cuts align with Fed policies as Gulf currencies are mainly pegged to US dollar, except for Kuwait's dinar

On Monday, gold prices had hit a then-record high of Rs268,000 per tola

PKR strengthens against USD, closing below the 278 level for first time in over five months

Pakistan fluctuations in its exchange rate are influenced by several factors.

Market gained 1,507.60 points, or 1.87%, compared to the previous close of 80,461.33, during intra-day trading.

Agree to form working groups to implement project

PAKSAT-MM1 set to boost internet access in remote areas, advancing Pakistan's digital growth and connectivity

Fed Chair expressed his satisfaction with 50 basis point cut emphasising it was economically and strategically sound

Refund proposed on account of August FCA, NEPRA schedules hearing for Sept 26

KSE-100 index surges 970.20 points, settles at 80,461.34

Credit demand from govt remains high; advances to private sector fall

Taxation on international services, govt's constitutional authority challenged

Robust remittances, growing IT exports, RDA drive $75 million surplus.

Pakistan's REER falls to 100.16 in August, aiding exports, while the rupee gains Rs0.09 against the dollar.

MoIP to write letter to cabinet to clarify EV policy as FBR notices create panic

Put public health at risk; Punjab govt under pressure to address pollution threat

Dollar index was last down 0.53% on the day at 100.37, the lowest since July 2023

S&P 500 oscillates between modest gains and losses prior to the announcement

Policymakers see rate falling by another 50bps by end of year, another 100 bps in 2025, and by 50bps in 2026

Since July 2023, borrowing costs remain high, with interest rates at 5.25% to 5.50% after a 25 basis point hike

Oil fell after two sessions of gains after an industry report showed increasing US crude and fuel inventories

Pakistan fluctuations in its exchange rate are influenced by several factors.

Stakeholders finalise plans to begin construction of the 477-kilometre white oil pipeline project in Pakistan.

Sept historically weak for US equities with benchmark index down about 1.20% for the month, on an average, since 1928

Policymakers are expected to debate between a 0.25% or 0.50% cut to the Fed’s benchmark lending rate

Apex court to hear case on Wednesday; FBR expects Rs9.5b advance tax from CAA

Affordable imported cars outpace struggling local auto industry despite rising duties

Founding Chairman of the Salt Manufacturers Association of Pakistan expresses disappointment over CM Punjab's decision

Prompted by dip in electricity consumption, high tariffs, and shift to solar energy

Union members seek improved wages and benefits including reinstatement of pension plan eliminated previously

Committee urges political intervention as body remains unoperational after 2 decades

In meeting with PM Sharif, says agreement already signed with Total Parco for 50% stake