Business
KSE-100 slips during intraday trading to 188,000 points
Pakistanās benchmark stock exchange, KSE-100, remained under pressure during intraday trading today. At 12:00pm, the index stood at 188
Business
Business
Industry slams SBPās āpenalā rate policy
KARACHI: While seeking a single-digit interest rate, businessmen have rejected the State Bankās decision to maintain interest rates at 10.50 per cent, terming it di
Business
Circular debt rises again by Rs75bn in first half of FY26
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Business
Sugarcane boom threatens cotton production
LAHORE: A record increase in sugarcane prices and incentives offered by sugar mill owners to growers has heightened fears of a further decline in cotton cultivation next year, even as environmental p
Business
Rs15bn tax rebate splits rice exporters
ISLAMABAD: At a time when rice exports are steadily declining, the Ministry of Commerce has allocated around Rs15 billion for a rebate scheme on local taxes and levies for rice exporters, raising concerns about a potential rise in domestic prices.
Business
BYD launches two electric SUVs
KARACHI: Mega Motor Company (MMC), in partnership with the worldās leading new energy vehicle (NEV) manufacturer BYD, has recently unveiled two electric sport utility vehicles (SUVs), the BYD Sealion 7 and the BYD Atto 2, at a dealership event in
Business
Stocks lose 580 points ahead of SBP decision
KARACHI: The Pakistan Stock Exchange (PSX) started the week on a sluggish note, marked by extreme volatility on Monday, as investors took profits following a record-breaking rally in the weekend session. In early trade, the benchmark KSE-10
Business
Daraz to launch dedicated section on its website for traders affected by Gul Plaza blaze
E-commerce giant Daraz on Monday announced an initiative to help sellers affected by the Gul Plaza inferno, saying it would launch a dedicated section on its website to sell their products and goods. The
Business
KSE-100 briefly crosses 191,000 during intraday trading, closes in red
Pakistanās benchmark index, the KSe-100, closed in red at 188,587.66, down 579.16 points (-0.31 per cent) from the previous close. The total volume was 449.8 million shares at a value of Rs43.56 billion. The market fell to its lowest
Business
SBP maintains policy rate at 10.5pc
The State Bank of Pakistan (SBP) maintained its key policy rate at 10.5 per cent on Monday during its Monetary Policy Committee (MPC) meeting. Brokerage house Topline Securities noted that this ācame as a surpriseā as a majority of their pa
Business
Gold zips past $5,100 to another high on safe-haven rush
Gold surged to a record high above $5,100 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold was up 2.2 per cent at $5,089.78 per ounce by 6:56am GMT
Business
Dar, Myanmar FM hold āvery productiveā talks in Islamabad as Pakistan seeks to revitalise ties
Foreign Minister Ishaq Dar and his Burmese counterpart Than Swe held āvery productive and comprehensiveā discussions in Islamabad on Monday, as both Pakistan and Myanmar seek to revitalise ties. FM Than Swe
Business
Monetary policy committee to meet today as investors hope for rate cuts
The State Bank of Pakistanās (SBP) Monetary Policy Committee (MPC) is set to meet today to decide on the key policy rate. During the last MPC meeting, the central bank revised its benchmark ra
Business
KSE-100 crosses 191,000 points in record-breaking rally
Pakistanās benchmark index, KSE-100, was up 1,354.59 points, or 0.72 per cent, at 190,521.41 as of 12pm today, building on the previous close of 189,166.82. Mid-session trading saw the index fluctuate within a defined range, hitting a high
Business
Pakistan, Myanmar seek to boost bilateral cooperation as FM Than Swe visits Islamabad
Pakistan and Myanmar seek to enhance bilateral cooperation as Foreign Minister Ishaq Dar and his Burmese counterpart Than Swe meet in Islamabad on Monday. FM Than Swe