Pakistan Stock Exchange (PSX) extended gains on Tuesday as the KSE-100 index closed up by over 550 points, driven by the easing of political uncertainty, rising global oil prices and expectations of a reduction in policy rate by the State Bank of Pakistan (SBP). While the bourse came under some selling pressure earlier in the trading session, when it dipped to the intra-day low of 113,836.61 po
Pakistan is showcasing its textile sector at the world's largest trade fair for home textiles, Heimtextil 2025, with a record number of exhibitors and a significant boost to its export prospects. The event, which commenced on January 14 in Frankfurt, Germany, features 2,800 exhibitors from 130 countries, with Pakistan emerging as the fourth-largest exhibiting nation. This year, Pakistan's parti
Pakistan and Saudi Arabia are in the "advanced" stages of negotiations regarding a significant investment in Pakistan’s copper and gold mines, according to Petroleum Minister Musadik Malik. The talks focus on Reko Diq, one of the world’s largest underdeveloped copper and gold mines, located in Balochistan province. The mine is jointly owned by Canadian firm Barrick Gold Corp. and Pakistan. Last
Saudi Arabian mining company Manara Minerals could invest in Pakistan's Reko Diq mine in the next two quarters, Pakistan's Petroleum Minister Musadik Malik said on Tuesday. Manara, a joint venture between state-controlled miner Ma'aden and the $925-billion Public Investment Fund (PIF), was set up as part of the kingdom's efforts to diversify its economy away from oil, including by buying minori
Prices of petroleum products are expected to be increased by a maximum of Rs6.20 per litre for the upcoming fortnight beginning January 16 because of a rise in international crude oil prices. According to market sources, the ex-depot price of petrol is estimated to go up by Rs3.53 per litre while kerosene oil and light diesel oil may become expensive by Rs4.98 and Rs6.20 per litre, respectively