The profits of the companies listed on the Pakistan Stock Exchange (PSX) fell one per cent to Rs1.62 trillion in 2024 from Rs1.64tr in 2023, according to a research report by Topline Securities Ltd. In US dollar terms, the profitability stood at $5.8bn, down 1pc year-on-year in 2024. However, excluding the exploration and production (E&P) sector, the profitability of KSE 100 companies improved
YOU can tell when a government in Pakistan has lost the plot when they turn to the bureaucrats for ideas on how to make change happen. There are usually many other markers for this loss of the plot, but once the bureaucrats are in charge of generating the ideas which inform the government’s agenda for change, you can say pretty clearly that the gig is up and they have gone into treading water m
Pakistan has pledged to the International Monetary Fund (IMF) that it will “further strengthen institutional capacity to fight corruption and significantly reduce trade barriers to support inclusive growth and a level playing field for business and investment.” This statement is part of the press release issued by the IMF on March 25, announcing that it had reached a staff-level agreement with
The Trump administration’s proposed massive port fees on Chinese-built and –operated cargo vessels set in motion the bigger threat of a trade war besides potentially disrupting global supply chains and creating uncertainty in the global maritime industry. The proposed US action to curb China’s dominance in shipping and revive its own shipbuilding industry will expand the punitive tariffs agains
The federal government is set to announce a “major” relief package today (Thursday), according to social media posts by government and high-ranking officials. The government on Wednesday posted on its official X account that “great news for the entire nation” would be unveiled today, without providing any details about the announcement itself. The post bore the hashtag ‘Small Eid, Big Gift’, re