Pakistan National Shipping Corporation (PNSC) announced on Monday that an Aframax tanker was successfully inducted into the PNSC-managed fleet. The company disclosed in a notice to the Pakistan Stock Exchange (PSX) today. The company shared that the new vessel, M.T Lahore, weighed 112,05 tonnes. Pakistan National Shipping Corporation (PSX: PNSC) is a national carrier of Pakistan. It is engag
Gold prices in Pakistan decreased on Monday in line with their loss in the international market. In the local market, gold price per tola reached Rs523,762 after a decline of Rs3,200 during the day. Similarly, 10-gram gold was sold at Rs449,041 after it fell by Rs2,743, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per t
Massive selling pressure was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index shedding over 2,100 points during the opening minutes of trading. At 10:05am, the benchmark index was hovering at 178,391.58, down 2,121.06 points or 1.18%. Selling was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploration companies
Recovery hopes were dashed as heavy selling gripped the environment at Pakistan Stock Exchange (PSX) in a turbulent session on Thursday, with bears firmly in control throughout the day. Heavy selling from the opening bell dragged the benchmark KSE-100 index sharply lower, reflecting cautious investor sentiment. The index plunged during intra-day trade, hitting a session low of 178,725.25 points
The local banking sector has announced a voluntary 3% reduction in the rate of return for the export sector, bringing the markup rate under the Export Refinance Facility down to 4.5%. The move is expected to lower business costs for exporters and help boost foreign exchange earnings. Commercial banks have implemented the relief for exporters on all new loans as well as rollover loans, with the