Region’s potential needs to be turned into tangible trade, investment: FPCCI chief KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has stressed the need for transforming the vast economic potential of the Economic Cooperation Organisation (ECO) region into tangible trade, investment and business opportunities through greater connectivity, facilitation and…
Index reverses gains as fading peace hopes, political developments impact sentiment KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed a sharp reversal of fortunes as the KSE-100 index, which started trading on a positive note, turned negative within minutes and plunged 2,546.94 points, or 1.41%, to close at 177,955.51 as regional uncertainty, high oil prices…
Newly increased fuel prices are displayed at a petrol pump in Malvan, India. PHOTO: REUTERS The federal government on Tuesday increased the price of petrol and high-speed diesel (HSD) by Rs3.34 and Rs5.27, respectively, for August 19. A notification from the Petroleum Division said the petrol price was now fixed at Rs334.54 while HSD would cost Rs395.69 per litre….
Sticky inflation, cooling labour market leave Fed facing choice between fighting prices and risking sharper slowdown A teller counts US dollar bank notes at a money changer in Jakarta, Indonesia. Photo: REUTERS/file US interest rates are likely to remain elevated for longer as stubborn inflation and signs of a weakening labour market complicate the Federal…
KARACHI: The State Bank of Pakistan (SBP) injected approximately Rs11.6 trillion into the banking system on Monday through a reverse repo auction conducted as part of its Open Market Operations. According to data compiled by AKD Securities from the SBP’s figures, the central bank received total offers of Rs11,777 billion and accepted Rs11,613 billion across…
LAHORE: Repeated economic stabilisation measures in Pakistan – including exchange-rate adjustments, privatisation and liberalisation – have substantially transformed the country’s economy but have also contributed to rising poverty, said economic experts on Monday. Speaking at the inauguration of the 8th International Conference on Applied Development Economics (ADE) in Lahore, Lahore School of Economics (LSE) Rector…
KSE-100 index suffers jolt over regional peace uncertainty as broad-based selling hits key sectors Selling pressure gripped the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index falling 1,806.12 points, or 0.89%, to 178,896.29 by 1:24pm, as uncertainty over prospects for a United States-Iran peace deal weighed on investor sentiment. The index opened…
Federal Minister for National Food Security and Research Rana Tanveer Hussain. Photo: File KARACHI: Federal Minister for National Food Security and Research Rana Tanveer Hussain has sought Egypt’s support and technical expertise to increase cotton yield and improve cotton quality in Pakistan, during a meeting with Ambassador of Egypt to Pakistan Dr Ihab Mohamed Abdelhamid…
ERP integration, ATG sensors to help FBR, Customs replace manual monitoring by Sept ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) is developing a digital platform to obtain petroleum data directly from oil marketing companies (OMCs) and refineries through Enterprise Resource Planning (ERP) systems and stock positions through Automatic Tank Gauging (ATG) sensors, according to…
Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry speaks during a video message in Islamabad, Pakistan, on July 30, 2026—(Screengrab/Maritime Affairs Ministry) ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced plans to establish a 400-acre apparel zone at Port Qasim, with its first phase projected to create more than 138,000 jobs and…