Middle East conflict weighs on PSX

KARACHI: Pakistan Stock Exchange (PSX) slipped into negative territory on Friday as cautious investor sentiment and fears of an escalation in the Middle East conflict triggered selling across major sectors. The benchmark KSE-100 index closed at 181,430.02, down 346.57 points, or 0.19%, after hitting the intra-day high of 181,647.27 and the intra-day low of 180,620.08….

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PSX soars 2,700 points amid budget buzz

KARACHI: Pakistan Stock Exchange (PSX) on Friday enjoyed a strong bullish momentum amid budget announcement for fiscal year 2026-27, with the benchmark KSE-100 index closing at 172,400 points, gaining around 2,700 points. The KSE-100 recorded another positive session and closed at 172,399.9, gaining 2,696 points (+1.59% day-on-day). “The positive performance was supported by broad-based buying…

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PSX climbs 0.36% amid easing oil prices

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) closed the three-day week at 179,571, gaining 649 points, or 0.36% week-on-week, as the easing of geopolitical tensions and the passage of FY27 budget lifted investor sentiment. On a day-on-day basis, the PSX witnessed a range-bound session on Monday, with the KSE-100 declining 451 points…

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Pakistan, Azerbaijan ties growing stronger consistently: PM Shehbaz

Both countries agree to enhance capacity-building cooperation between their judicial systems Prime Minister Shehbaz Sharif meets with the Azerbaijani Justice Minister Farid Turab Oglu Ahmadov. PHOTO: PMO Prime Minister Shehbaz Sharif on Thursday said that Pakistan and Azerbaijan were brotherly countries and their bilateral ties were growing stronger with every passing day during a meeting…

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Centre demands Rs1.7tr from NFC

The finance adviser complained about neglecting the province in the allocation of development budget. Out of the Rs1.126 trillion federal development budget, only Rs2.2 billion is being given for K-P projects. Photo: file ISLAMABAD: The finance adviser of the Khyber-Pakhtunkhwa government said on Wednesday that the federal government had sought a reduction of Rs1.7 trillion…

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S&P Global upgrades Pakistan’s credit rating to ‘B’

Agency cites stronger institutional capacity, sustained implementation of IMF reforms for move Standard & Poor’s (S&P) Global on Tuesday upgraded Pakistan’s long-term sovereign credit rating to ‘B’ from ‘B-‘. Pakistan was last assigned a ‘B’ rating between October 31, 2016 and February 3, 2019. S&P Global also raised Pakistan’s transfer and convertibility assessment to ‘B’…

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DPM Dar meets Baloch leaders, reaffirms commitment to address Balochistan issues

Says govt committed to addressing Balochistan’s challenges and supporting its development aspirations Deputy Prime Minister Ishaq Dar discusses Balochistan issues with National Party President Dr Abdul Malik Baloch during a meeting in Islamabad on Sunday. Photo: APP Deputy Prime Minister and Foreign Minister Ishaq Dar on Sunday reiterated that the federal government was committed to…

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ML-1 removed from CPEC framework

ISLAMABAD: The federal government has disclosed that the Main Line-1 (ML-1) railway project has been removed from the China-Pakistan Economic Corridor (CPEC) framework and will now seek financing from the Asian Development Bank (ADB) and other international financial institutions. The revelation came before the Senate Standing Committee on Economic Affairs, which also sought explanations regarding…

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