KARACHI: The Pakistan Stock Exchange (PSX) on Monday remained highly volatile, reflecting its vulnerability to regional shocks and domestic macroeconomic uncertainty, and the benchmark index shed over 4,850 points, or 3.2%. A sense of nervousness prevailed since the morning as investors awaited the outcome of Pakistan’s diplomatic efforts to de-escalate tensions in the Middle East….
Gold prices surged on Monday, the first trading day of the week, in both international and local markets, while silver prices declined. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold per tola increased by Rs 1,100 to Rs 491,462, while the price per 10 grams rose by Rs 943 to Rs 421,349….
Launches new framework to empower youth to save securely and develop responsible financial habits State Bank of Pakistan. Photo: File The State Bank of Pakistan (SBP) said on Wednesday it has launched a new framework for teenagers’ accounts, enabling them to independently own and operate bank accounts and digital wallets. In a press release, the…
ISLAMABAD: A delegation of the American Business Forum (ABF) called on Finance Minister Muhammad Aurangzeb at the Finance Division and shared proposals for tax policy rationalisation, reduction in compliance burden, incentivisation of exports and facilitation of foreign exchange inflows, according to a statement issued by the Ministry of Finance on Thursday. The delegation, led by…
How PM’s foresight, compassion, and swift decision-making kept Pakistan’s fuel supply lines intact while the world s A worker fills a car’s tank at a fuel station amid concerns about rising fuel prices linked to the US-Israel conflict with Iran. Photo: Reuters (file) LONDON: When the flames of war erupted across the Middle East and…
Oil price spikes on Trump’s “hell for Iran” threat, Strait of Hormuz tensions deepen selling pressure KARACHI: War-driven uncertainty kept the Pakistan Stock Exchange (PSX) under sustained pressure during Monday’s morning session, as trading opened in a tense environment. By 11:34am, the index had fallen to 148,027.32, down 2,371.39 points (1.58%) from the previous close…
Solar panel. Photo: ANADOLU AGENCY ISLAMABAD: Solar power generation has proven to be socially acceptable, economically viable and environmentally friendly. It is therefore highly sustainable for a country like Pakistan where the power supply gap is always increasing. Solar can reduce our heavy reliance on expensive imported fossil fuels. It can also mitigate high electricity…
Surge in port traffic offers economic upside if reforms in logistics and governance are fast-tracked Tariff reforms need to be focused less on delivering immediate results and rather addressing structural constraints in Pakistan’s economy by reducing taxation costs and improving productivity and competitiveness. Photo: file KARACHI: The illegitimate US-Israeli war against Iran has posed numerous…
Prolonged Gulf conflict can reduce annual inflows, pose threat to external account To cover losses, successive governments have increased electricity prices and imposed a Rs3.23 per unit surcharge to service debts taken for power distribution companies, pushing energy prices to the highest levels in the region. Photo: file KARACHI: As Pakistan grapples with the fear…
Says the government is working to make electricity tariffs competitive to support key economic sectors ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari, on Thursday, attributed the steady increase in electricity consumption to the success of the government’s energy policies and reform measures, said a press release. He made the remarks during a meeting…