The Pakistan Stock Exchange (PSX) continued its record-setting streak for a seventh consecutive session on Wednesday, as investor enthusiasm remained strong. The market saw a tussle between bulls and bears during the early hours, with the index fluctuating between a high of 915 points and a low of 484 points. By the close, the bulls took charge, pushing the benchmark KSE-100 index to 157,020.80
THE last three years have seen three separate regimes in our region fall like dominoes before a popular uprising. Gotabaya Rajapaksa’s regime in Sri Lanka fell in July 2022, when mobs enraged by the severity of the crisis brought on by sovereign default a few months earlier stormed the presidential palace, forcing the president and his ministers to flee the country. Sheikh Hasina Wajed’s gov
The industrial sector in Karachi was significantly impacted on Wednesday as heavy rains and flooding paralysed key industrial areas. According to industry leaders, industrial output remained subdued as workers failed to report for duty due to safety concerns and transportation issues. Faisal Moiz Khan, President of the North Karachi Association of Trade and Industry (NKATI), stated that near
When Audi executives first saw the Zeekr 001 in 2021, a long-range electric vehicle with European aesthetics, it was a wake-up call for the premium German auto brand — if it wanted to compete with the Chinese, it needed their technology. “The Zeekr 001 back then shocked quite everyone,” said Stefan Poetzl, president of SAIC Audi Sales and Marketing. “We needed to do something about it.” To b
Pakistan has entered this year’s flood season with more substantial economic buffers than it had before the 2022-23 floods, but the country’s improved macroeconomic situation comes with new constraints, according to a `targeted analysis’ carried out by the Famine Early Warning Systems (FEWS) Network. The analysis expects that the 2025 floods will primarily drive short-term, localised, food ins