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PSX: KSE-100 Index surges on rate cut expectations
Benchmark index soars nearly 1,900 points to close at 90,859 points
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Inflation rate edges up to 7.2% in October
Average CPI for first four months of FY25 stands at 8.68%
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Govt meets only two fiscal conditions
Achieves targets of primary budget surplus, provincial net revenue collection
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USD exchange rate: Pakistani rupee shows slight appreciation against USD
The Euro (EUR) was being bought at Rs299.70 and selling at Rs302.65
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PSX recovers losses as KSE-100 index rises by more than 1,600 points
KSE-100 index increase by 1.85%, reaching 90,612.86 points during intra-day trading.
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Four-month tax target missed
Despite record tax hikes, revenue falls short pressuring officials
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EV stations for motorways approved
Policy draft proposes Rs39.75 per unit tariff for EV charging stations
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PSX ends month with over 1,300-point slump
Institutional selling, SBP rate uncertainty push index deep into red
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Over $10m in deals secured at Food Asia
Three-day fair draws global exhibitors, spot export potential, food security
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KE seeks tariff cut during heated NEPRA hearing
Public challenges regulator's role, accuses it of bias towards KE
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Debt re-profiling cuts interest costs on domestic loans
Pakistan retires Rs200b commercial debt by buying back six-month, 12-month T-bills
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Reserves hit 31-month high at $11.16 billion
Forex deposits rise $116m in a week; rupee depreciates
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SCCI, SIDB to set up CWFF at SIE Peshawar
SIDB expresses willingness to set up similar CFC for SCCI's honey cluster
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Sole bidder offers Rs10b for 60% PIA shares
Govt has set minimum sale price of Rs85.03b Five parties opt out of privatisation process.
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Finance ministry rules out chances of a mini-budget
Finance ministry claims current economic situation shows effectiveness of financial policies, ensuring stability
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PSX ends rallying streak as KSE-100 index drops by 1,300 points
KSE-100 index declines by 1.46%, reaching 88,966.76 points during intra-day trading.
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USD exchange rate: Rupee value fluctuates against major currencies
The British Pound (GBP) was being bought at Rs357.10 and selling at Rs360.65.
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Gold prices slip in local and international markets
Silver rates increased, contrasting the downward trend in gold prices today.
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Microsoft, Meta shares drop on cautious growth outlook
Concerns revolve around escalating investments in AI infrastructure which raises doubts about sustainable growth
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Top 95 PSX firms report Rs403b profit
Corporate profits fall 14% YoY, led by declines in oil, food, and refinery sectors
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Govt raises petrol price by Rs1.35, high-speed diesel up by Rs3.85
The new prices for petrol are Rs248.38 per litre and Rs255.14 per litre for HSD
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$7 billion IMF bailout falters as economy strains
Centre, provinces struggle to meet strict conditions
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Profit-taking brings record rally to an end
KSE-100 slips below 91,000 as investors sell stocks amid uncertainty
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In distress call, traders seek tariff cut
Say electricity rates reach unsustainable levels that threaten competitiveness
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First local Large Language Model to be developed
Jazz partners with NUST and NITB to launch Pakistan's first locally developed Large Language Model for AI solutions.
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Conference for leveraging rich marine resources
Launches major B2B initiative to foster investment in Pakistan's fisheries sector
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Pakistan dubbed Tech Destination
Experts forecast projects worth $200m secured at GITEX; call for followup
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Gold hits fresh peak at Rs287,900 a tola
Gold price hits Rs287,900 per tola as the rupee dips to Rs277.79/$ amid global market trends and US election jitters.
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Pakistan eyes more trade with Maldives
Pakistan's High Commissioner highlights potential to boost trade with the Maldives, currently at $8-9 million.
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NEPRA defers ruling on tariff relief
Petition seeks reduction of Rs0.71 per unit under fuel charges adjustment
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PSX: KSE-100 dips after crossing intra-day high of 91,800
Benchmark index settled at 90,286, down by 577 points from Tuesday
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USD exchange rate: Rupee strengthens against dollar
The UAE Dirham (AED) stands at Rs75.20 for buying and Rs75.95 for selling.
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OpenAI partners with Broadcom to develop custom AI inference chip
Move signals strategic pivot for OpenAI which relies on Nvidia's GPUs for both training, operational capabilities
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PSX soars to record high as KSE-100 tops 91,800 points
The bullish opening marks a 0.74% rise, a surge of 672.64 points from the previous close of 90,864.09
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Exporters claim govt owes Rs329b
Delay in refunds puts strain on finances, impacts growth of textile exports
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Policy shifts spook Saudi investors
Delegation seeks policy guarantees as Pakistan pushes for $2b investments
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Refineries barred from adjusting tax
Amendment termed detrimental to refinery operations that will increase cost
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Rupee falls as demand and supply gap widens
Currency loses some value for 2nd day in a row; gold rises Rs1,600
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Businessmen demand govt austerity to tackle escalating debt crisis
Call for reduced bureaucratic spending, expanded tax base and targeted economic reforms
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Progress on Tarbela 5th Extension reviewed
Chairman undertakes detailed visit of key sites including raised intake, tunnel and power house construction
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'Thar coal can reduce gas cost by 60%'
Tests conducted in South Africa show Thar coal is suitable for gasification
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Rupee's fair value is under Rs240/$: Dar
Challenges IMF-backed flexible exchange rate policy, argues that stable currency would protect economy, public
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Govt champions disability inclusion in Vision 2025 Framework
.Ahsan Iqbal reiterates govt's commitment to inclusive development, pointing out that every citizen
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PSX hits record high amid investor optimism
Strong earnings, anticipated rate cut help KSE-100 index gain 668.57 points
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PSX continues record-breaking streak on strong corporate earnings, rate cut hopes
KSE-100 Index surges to an intra-day high of 91,358.15 points before closing at 90,864.09
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Gold prices surge in local and global markets
Silver price per tola remained stable at Rs3,350, while the price for 10 grams also held steady at Rs2,872.08.
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Pakistan's pavilion shines at agri-tech fair
Sino-Pak agricultural innovations, handicrafts captivate fair attendees, showcase rising potential for collaboration
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Call to turn digital skills into climate action
IT minister stresses the importance of youth-led digital solutions at climate summit
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Rs83b surge drives circular debt up
IPPs receive Rs979.29 billion in capacity payments from July 2023 to June 2024, NA told
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Rich polluters urged to honour pledges
PM aide says Pakistan delegation will stress for support in financing, tech transfer, and expertise