In KSE at least, more than a billion rupees drawn from the investors’ protection fund has helped compensate the victims of many defaulting brokers. PHOTO: FILE KARACHI: Pakistan Stock Exchange (PSX) ended lower on Thursday as the benchmark KSE-100 index slipped 255 points amid a volatile session marked by an early surge and a sharp…
A picture showing a petrol pump. — FILE PHOTO The federal government on Thursday increased the price of petrol and high-speed diesel (HSD) by 27 paisas and Rs1.64, respectively, for August 21. A notification from the Petroleum Division said the petrol price was now fixed at Rs337.78 while HSD would cost Rs364.70 per litre. The latest revision comes a…
Prime Minister Shehbaz Sharif in a meeting with the Google delegation, during the inauguration of the company’s local office in Pakistan. — PHOTO VIA X ISLAMABAD: Pakistan’s IT exports surged 18% year-on-year to $417 million in July 2026, the first month of the new fiscal year, signalling strong momentum in the technology sector, official data…
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS ISLAMABD: The government has set the oil-sector digitisation target by March 23, 2027 in a bid to settle a row with the industry During discussions in a recent meeting of the Economic Coordination Committee (ECC), the Petroleum Division presented the proposal…
KARACHI: The State Bank of Pakistan (SBP) on Wednesday raised Rs498 billion in the Market Treasury Bills auction against the target of Rs500 billion, with cut-off yields rising across all tenors. The central bank accepted Rs52 billion in one-month paper at a cut-off yield of 11.47%, up 12 basis points from the previous auction, while…
PRICE RELIEF: Sugar prices are now 18% lower than a year ago due to better production this year, with the commodity selling at an average price of Rs148 per kg. Millers have been trying to convince the government to allow exports to jack up local prices. PHOTO:FILE ISLAMABAD: The government on Wednesday allowed the export…
LAHORE: Affordable and reliable energy is essential for Pakistan’s industrial competitiveness and export growth, Lahore Chamber of Commerce and Industry (LCCI) President Faheemur Rehman Saigol said on Wednesday, as he welcomed the Cabinet Committee on Energy’s approval of the National Integrated Energy Plan 2027-2060. “Pakistan needs an energy policy that ensures reliability, affordability and predictability….
HOUSTON: Global crude prices rose more than 1% on Wednesday and were trading near a three-week high hit during the session, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran. Shipping through the Strait of Hormuz also remained slow,…
ISLAMABAD: The Sindh Enterprise Development Fund (SEDF) and the United Nations Industrial Development Organisation (Unido) on Wednesday formally launched the Enterprise Grant Scheme under the European Union-funded Poverty Alleviation & Inclusive Development Across Rural Sindh (PAIDAR) programme, offering co-financed grants of up to a maximum of Rs35 million per project to enterprises in five districts…
Index faces selling pressure as govt plans talks with refineries for diesel rate cut KARACHI: Pakistan Stock Exchange (PSX) on Wednesday gave up early gains as the benchmark KSE-100 index came under selling pressure late in the session over rising oil prices and uncertainty surrounding shipping traffic through the Strait of Hormuz. The index opened…