KARACHI: The Pakistan Stock Exchange (PSX) registered a strong rebound in the outgoing week as the KSE-100 index surged 5%, or 8,122 points, to close at 171,116, driven by optimism over a potential peace deal between the United States and Iran. On a day-on-day basis, the PSX commenced the week on a positive note, with…
KARACHI: Pakistan Petroleum Limited (PPL) has successfully commissioned Faiz X-1 Deep (Basal Sand) at its operated Gambat South Block in Sanghar, Sindh, according to a statement issued on Saturday. Production was ramped up in stages since its commissioning on February 25, 2026, currently flowing about 3.6 million standard cubic feet per day (MMscfd) of gas…
Various proposals relating to fiscal support, trade facilitation and sector-specific incentives were reviewed ISLAMABAD: A high-level meeting was held under the chairmanship of Federal Minister for Economic Affairs Ahad Cheema to review export promotion schemes and policy options for the upcoming federal budget, with a focus on strengthening Pakistan’s exports and supporting priority sectors through…
FPCCI cites 10-year tax break in SEZs, Punjab’s ‘food basket’ status to woo investors LAHORE: A high-profile 30-member Chinese business delegation visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Office in Lahore and held comprehensive meetings with their Pakistani counterparts aimed at enhancing bilateral trade, investment and industrial cooperation. Following discussions,…
ISLAMABAD: The International Monetary Fund (IMF) has flagged that Pakistan’s decision to privatise Zarai Taraqiati Bank Limited (ZTBL) could raise issues of access to credit for small farmers, as the bank has managed to reduce bad loans by one quarter to Rs50 billion to address governance concerns. Would the privatisation expose Pakistan’s 97% small-scale farmers…
KARACHI: Small dyeing and bleaching companies working within Pakistan’s textile supply chain are facing increasing financial stress as delayed payments from large exporters disrupt operations across key industrial clusters. Industry participants say many small and medium?sized processing units in Karachi are struggling to maintain cash flow amid slower export activity and rising operating costs. These…
KARACHI: The Sensitive Price Indicator (SPI), which monitors weekly inflation, has been on a sharp upward trajectory for many weeks, largely due to spillover effects of the Israel-US war on Iran. For the week ended May 7, 2026, it surged 15.16% compared to the same week of last year. On a year-on-year basis, a major…
Heavyweight stocks drag KSE-100 down by 1,778 points on Strait of Hormuz conflict KARACHI: Pakistan’s stocks on Friday came under pressure as renewed geopolitical tensions between the US and Iran near the Strait of Hormuz triggered a bearish session on the Pakistan Stock Exchange (PSX). The benchmark KSE-100 index declined nearly 1,780 points to close…
Gold and silver prices on Saturday declined in both global and local markets following a fall in international rates. In the international bullion market, gold per ounce fell by $4 to $4,713. According to the All-Pakistan Gems and Jewellers Sarafa Association, in the local market, the price of gold per tola declined by Rs400 to…
Petrochemical, plastic sectors need policy stability for investment, says minister ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan met representatives of the Pakistan Business Council and industrial stakeholders, including Gatron Industries CEO Taimur Dawood, to discuss tariff rationalisation, export sustainability and manufacturing challenges, according to a statement issued by the Ministry of Commerce on Friday….