KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday faced profit-taking, declining about 2,320 points to close slightly above 175,800 amid heightened geopolitical uncertainty triggered by fresh US-Iran airstrikes. The market traded mixed during the day, with selective buying in the morning session giving way to selling pressure in the latter half…
Urge revision of LPG margins, immediate halt to plant sealing amid outdated pricing framework LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has urged the federal government to immediately intervene to stop the sealing of licensed LPG plants, warning that continued enforcement actions could trigger supply disruptions, increase prices and adversely affect millions of consumers. According…
The June deficit of $649 million stood in contrast to the surplus of $500 million in May and reflected a combination of higher import payments and a seasonal softening in remittances. Photo: File KARACHI: Current Account Balance (CAB) recorded a deficit of $649 million in June 2026 compared to a surplus of $500 million in…
Hours after unveiling daily price mechanism, government raises petrol to Rs316.15 and HSD to Rs354.35 per litre Just hours after announcing a new mechanism to revise petroleum prices on a daily basis, the federal government on Friday increased the prices of petrol and high-speed diesel (HSD) by Rs5.44 and Rs31.05 per litre, respectively, citing fluctuations…
Ogra will publish Platts benchmark rates and price components under the new daily pricing mechanism PAKISTAN: The federal government on Friday announced that petroleum product prices would now be determined on a daily basis following the renewed escalation in the region after the recent exchange of strikes between the United States and Iran. Speaking at…
KARACHI: Pakistan Stock Exchange (PSX) on Thursday surged almost 2,840 points as renewed risk appetite drove investor interest in making fresh bets. Building on the previous session’s rebound, the investors aggressively bought blue-chip stocks amid media reports suggesting a possible resumption of dialogue between the US and Iran, which helped ease geopolitical concerns. On the…
EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all good”…
Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing firm’s…
Textile exports nearly stagnant at 0.26% as high costs, cotton shortage hit industry ISLAMABAD: Pakistan Textiles Council (PTC) has drawn the attention of Prime Minister Shehbaz Sharif to the country’s stagnant textile exports and called for the immediate rollout of an export refinancing scheme to revive exports. In a letter to the prime minister, the…
KARACHI: Several global exchange companies are focusing on Pakistan’s market to attract investors after the military crisis in the Middle East shifted their interest in different venues, particularly to multiple high-dividend, accessible, and secure options. Industry experts say geopolitical uncertainty in the Middle East, coupled with changing investor preferences and the rapid expansion of digital…