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…
RESERVES GROWING: Responding to a question, the governor said the central bank bought around $9 billion from the open market to cushion forex reserves. Total purchases during the past three years have reached $28 billion. PHOTO:FILE ISLAMABAD: Pakistan’s external sector pressure has subsided after Saudi Arabia rolled over a $5 billion debt for three years,…
nalysts are anticipating the automobile sector to keep its pace in the near future owing to improving macroeconomic situation and new production lines introduced by the players. photo: file LAHORE: Stakeholders in Pakistan’s automotive sector have renewed calls for a ten-year policy roadmap, warning that investors will continue to hesitate unless the government commits to…
ISLAMABAD: Electricity tariffs are likely to increase by Rs1.20 per kilowatt-hour (kWh) on account of fuel adjustment for June 2026, dealing another blow to inflation-weary consumers. The National Electric Power Regulatory Authority (Nepra) conducted a public hearing on Tuesday to consider the fuel price adjustment. The Central Power Purchasing Agency (CPPA) has filed a petition…
KARACHI: Pakistan’s public health and economic systems continue to carry the high cost of cigarette smoking while the country still lacks a coherent regulatory framework for tobacco harm reduction, speakers at an Express Tribune podcast said. The discussion, organised with the Association for Smoking Alternatives Pakistan (ASAP), brought together ASAP Chief Executive Mirza Abeer, lawyer…
KARACHI: Pakistan Stock Exchange (PSX) ended Wednesday’s trading session on a weak note, where the benchmark KSE-100 index lost 1,580.90 points, or 0.89%, to settle at 176,042.99 amid renewed selling pressure. The index remained in negative territory for most of the session, moving between the intra-day high of 176,935.03 and the low of 175,631.74. The…
Oil prices erased some of their previous gains on Thursday, despite escalating attacks in the Gulf as investor focus shifted to supply flows through the key chokepoints in the region. Brent futures fell 96 cents, or 1.06%, to $89.78 a barrel. US West Texas Intermediate (WTI) crude fell 64 cents, or 0.76%, to $83.82 a barrel….
JAMSHORO: A stakeholder meeting was held at the Thar Block-1 mine site to advance discussions on the supply of indigenous Thar coal for the 660-megawatt Jamshoro power project. The meeting was attended by K-Electric (KE) Chairman Shaheryar Arshad Chishty, Thar Coal Energy Board MD Tariq Ali Shah, Sino Sindh Resources Limited (SSRL) CEO Li Jigen,…
Latest change in prices takes petrol to Rs335.06 per litre and HSD to Rs390.62 under the new system People on their motorbikes wait for their turn to get fuel at a petrol station, hours before fuel prices are raised in Pakistan, amid the U.S.-Israeli conflict with Iran, in Karachi, Pakistan, April 30, 2026. Picture taken…
Due to rollover, Pakistan’s gross external financing requirements have come down to $21.5 billion for the fiscal year Pakistan’s external sector pressure subsided after Saudi Arabia rolled over a $5 billion debt for three years, coupled with $9b in foreign currency purchases from the local market in the last fiscal year, State Bank of Pakistan Governor Jameel…