KARACHI: Pakistan Stock Exchange (PSX) closed lower on Thursday as the benchmark KSE-100 index lost around 500 points due to the intensifying war in the Middle East. The market opened “gap-down” but found support near the 175,000 level. Trading remained under pressure throughout the session amid renewed geopolitical tensions involving the United States and Iran,…
LCCI says policy consistency, regulatory relief needed to project positive global image LAHORE: Pakistan possesses immense natural resources, tremendous human capital and vast economic potential, with nearly 65% of its population comprising youth, Lahore Chamber of Commerce and Industry (LCCI) President Faheemur Rehman Saigol said, stressing the need for collective efforts to project a positive…
Eyes infrastructure, tech as minister offers duty concessions, profit repatriation Saudi Arabia’s Falcon Vision Group has expressed interest in investing $10 billion in Pakistan, as Federal Minister for the Board of Investment Qaiser Ahmed Sheikh assured the delegation of full facilitation for investment in the country. The minister held a meeting with a high-level delegation…
KARACHI: Gold prices continued their upward trend in international and domestic markets on Friday. In the international bullion market, the price of gold rose by $30 per ounce to $4,080. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), in the local market, the price of gold increased by Rs3,000 per tola to Rs430,436, while…
ISLAMABAD: Addressing concerns over petroleum prices, Planning Minister Ahsan Iqbal said adjustments in petroleum product prices are directly linked to fluctuations in international oil markets and are necessary to maintain macroeconomic balance and fiscal discipline. Speaking at a media briefing to launch the Ministry of Planning’s Monthly Development Update for July, Iqbal said Pakistan had…
The sun sets behind oil pumps outside Vaudoy-en-Brie, near Paris, France, March 18, 2026—REUTERS Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell…
MG JW Automobile Pakistan has signed an agreement with Bangladesh’s RANCON Group to export locally assembled vehicles to Bangladesh, marking a significant milestone for Pakistan’s automotive industry, according to a statement on Thursday. Under the agreement, MG JW will export 100 vehicles to Bangladesh during the current year, with total exports projected to reach 5,800…
Tahseen said sustained competitiveness in the global market is the true guarantee of success KARACHI: Pakistan needs to focus not only on exports but also on global competitiveness trends, said Federal B Area Association of Trade and Industry (FBATI) President Sheikh Tahseen. Tahseen said sustained competitiveness in the global market is the true guarantee of…
Chief economist says central bank should draw up plan to combat inflationary pressures ISLAMABAD: The government has directed the State Bank of Pakistan (SBP) to carry out a study to assess the impact of daily price revision of petroleum products on inflation in line with the international best practices and establish a mechanism to curb…
KSE-100 closes at 175,547; oil & cement stocks lead decline; Bank Alfalah fails to lift index A broker talks on a phone as he watches latest share prices at the Pakistan Stock Exchange in Karachi on January 27, 2023. — AFP The Pakistan Stock Exchange (PSX) closed in the red on Thursday, with the KSE-100…