Exploration, banks, autos and energy stocks lead broad-based buying, geopolitical developments support sentiment As a result of extensive campaign and persistent follow-up, by the end of the deadline, PSX had received a total of 17 EOIs from foreign and local investors. — FILE PHOTO KARACHI: The Pakistan Stock Exchange (PSX) closed the session on Wednesday…
Gold prices continued their upward trend in international and local markets on Wednesday, with the price of gold per tola increasing by Rs4,200. In the international bullion market, the price of gold increased by $42 per ounce, taking the global rate to a new level of $4,415 per ounce. According to the All-Pakistan Gems and…
Under revised policy, govt gives six years for modernisation, offers incentive for early completion A chimney emits fire at the PCK Raffinerie oil refinery in Schwedt/Oder, Germany, March 7, 2022. The company receives crude oil from Russia via the ‘Friendship’ pipeline. Picture taken March 7, 2022. PHOTO: REUTERS ISLAMABAD: The government has asked oil refineries…
CONSISTENT GROWTH: “We expect the positive momentum in auto sales to continue in FY27, with double-digit growth supported by the launch of new variants and the entry of new brands in the market,” forecast auto analyst Myesha Sohail. PHOTO:FILE KARACHI: Pakistan’s automobile sales rose around a whopping 80% in July 2026, the first month of…
PCJCCI urges infrastructure, quality control investment to unlock full export potential LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has called for greater efforts to expand Pakistan’s seafood exports to China, terming growing demand for Pakistani mud crabs and other seafood products a significant opportunity for export diversification, foreign exchange generation and…
KARACHI: Pakistan Stock Exchange (PSX) extended losses for the second straight session on Tuesday as the benchmark KSE-100 index dipped 1,464 points, or 0.81%, in the backdrop of a sharp rise in oil prices and fading hopes of a US-Iran deal on reopening the Strait of Hormuz. Selling pressure dragged the index below the 180,000…
Programme targets upscaling digital, AI skills for women-led businesses in 9 major cities ISLAMABAD: The Ministry of Information Technology and Telecommunication, in partnership with Meta, has launched the Small Business Growth Academy to accelerate digital transformation of small and medium-sized businesses, the ministry said on Tuesday. The programme aims to reach more than 1,000 SMEs…
KARACHI: Gold prices in Pakistan rose on Tuesday, tracking gains in the international market, where the metal edged higher after touching a more than two-month peak earlier in the session. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola reached Rs459,736 after a gain of Rs2,400. Ten-gram gold was…
Oil prices rose on Wednesday morning as doubts about a US-Iran peace deal and attacks on two ships fuelled concerns about Middle East supply disruptions, even as industry data showed US crude inventories expanded. Brent futures gained 72 cents, or 0.81%, to $89.63 a barrel, while US West Texas Intermediate (WTI) crude climbed 71 cents, or 0.85%,…
Pakistan Stock Exchange (PSX) surrendered early gains on Monday as profit-taking in key index-heavy sectors overshadowed buying interest in energy and cyclical stocks. The benchmark KSE-100 index remained volatile throughout the session, briefly moving higher before selling pressure dragged it into negative territory. Eventually, the index lost 119.74 points, or 0.07%, to close at 181,310.28…