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…
ISLAMABAD: Policy dialogue has called for a stable electric vehicle (EV) framework and a wider charging network to accelerate affordable electric mobility across Pakistan. Indus Consortium hosted a policy dialogue titled “Electrifying Everyday Mobility: Advancing Public Transport and Two & Three-Wheelers” at the Pakistan Red Crescent late Tuesday evening. The dialogue brought together representatives from…
Petroleum minister says PM Shehbaz has personally requested the refineries to provide relief Petroleum Minister Ali Pervez Malik addresses a press conference alongside Information Minister Attaullah Tarar on Thursday. SCREENGRAB Petroleum Minister Ali Pervez Malik said on Wednesday that refineries had accepted the government’s request for a significant reduction in diesel prices and the Oil…
BENGALURU: Most Gulf stock markets closed subdued on Tuesday as investors remained cautious after the US ruled out extending a temporary ceasefire agreement and an Iranian official said Tehran would shift to a “fully offensive” military posture. Qatar’s benchmark index fell 0.5%, extending losses for a second consecutive session to close at 9,848 points, its…
KSE-100 comes under late-session selling pressure as fuel price concerns grow with government’s refinery talks KARACHI: The Pakistan Stock Exchange (PSX) reversed its early gains on Wednesday, with the benchmark KSE-100 index coming under selling pressure in the latter part of the session as rising oil prices and uncertainty surrounding the Strait of Hormuz dampened…
Banks to earn Rs573b in interest over 10 years; govt extends sales tax exemptions to all airlines ISLAMBAD: The government has allocated Rs73 billion for privatisation contingency, including about Rs30 billion to pay interest cost on legacy debt of Pakistan International Airlines (PIA), as it also decides to extend sales tax exemptions to all locally…
Robionix founder says AI garment inspection had been localised, seeks Chinese robot parts BEIJING: Robionix Technologies, a Pakistani maker of AI-based garment inspection systems, says it can now build most of its equipment at home. But precision robot components remain out of reach, and its founder says Chinese partners could help close that gap. Awais…
ISLAMABAD: The Petroleum Division has submitted a circular debt settlement plan to the Cabinet Committee on Energy (CCOE) to clear liabilities of Rs1.49 trillion in the gas sector. A report was presented to the CCOE in a meeting held on Tuesday, chaired by Prime Minister Shehbaz Sharif. Sources said the meeting was informed that circular…
C/A gap narrows to $328m in July as remittances rise to $3.6b, offsetting deficit KARACHI: The current account balance recorded a deficit of $328 million in July 2026, compared to a deficit of $814 million in June 2026, despite a jump in remittances in the same month. The month-on-month improvement offered some relief, yet the…
LAHORE: As global consumers increasingly reject chemically enhanced produce in favour of clean, sustainable food, South Asia is witnessing a quiet agricultural revolution. Across the region, millions of hectares are being converted into organic farmlands, transforming rural economies and opening lucrative export corridors. Yet, Pakistan remains largely on the sidelines of this profitable green shift,…