Bears dominated the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by 953 points by the day’s end. The KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of 64,64.66. Finally, the index closed at 64,801.70 points, contracting by 953.60 points from the previous close
ISLAMABAD: Highlighting the importance of aligning with global standards and adopting modern practices, Commerce Minister Jam Kamal Khan has stressed the need for fully facilitating local and foreign investors believing that Pakistan can achieve significant strides through an inclusive approach. During a meeting with officials of the commerce ministry after assuming the charge, Mr Kamal express
KARACHI: Sales of locally assembled cars, light commercial vehicles, vans and jeeps fell by eight per cent to 9,709 units in February from 10,536 in January. However, sales were higher by 57pc compared to 6,186 units sold in February 2023. The low number of working days during February, coupled with the general election holidays, were the main reasons for a drop in sales. However, the sal
KRARCHI: The Ramazan-driven price spiral could take up the food basket inflation to its peak in March which may not allow the State Bank of Pakistan (SBP) to take any significant cut in the interest rate, said market sources. The induction of Finance Minister Muhammad Aurangzeb, who was the CEO of Habib Bank Ltd and a regular participant in policy meetings on finance during the caretaker gover
In a pivotal testimony before the US International Trade Commission (ITC), Ambassador Masood Khan highlighted the vitality of Pakistan’s apparel sector and called for enhanced trade relations with the United States. The US remained Pakistan’s largest goods export market in 2022 at $6 billion, a 13.5 per cent increase from the previous year. One of Pakistan’s largest trading partners, the US als