The Pakistan Stock Exchange (PSX) rallied to another record high on Tuesday and appeared well-positioned for a vibrant performance in 2026, underpinned by improving investor sentiment and ample liquidity. The market began the day's proceedings on a strong footing, swiftly scaling to the intra-day peak of 174,805 in early trading. However, profit-taking triggered a mid-morning correction, which
There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 175,000 level for the first time in history during the opening minutes of trading on the final session of the year on Wednesday. At 9:55am, the benchmark index was hovering at 175,074.18, an increase of 601.39 points or 0.34%. Buying was observed in key sectors, including autom
Oil and Gas Development Company (OGDC) is looking to explore hydrocarbon reserves overseas in association with Russian and Turkish energy companies. In this regard, OGDC – Pakistan's largest oil and gas explorer – intends to forge joint ventures with Russian energy giant Gazprom and Turkish Petroleum in Libya and Vietnam in onshore and offshore exploration zones, said sources while talking to T
The State Bank of Pakistan (SBP) has released its Quarterly Report on Payment Systems, highlighting growth in digital transactions and continued expansion of the country's payment ecosystem during the first quarter of fiscal year 2025-26. According to an official statement issued on Tuesday, total payment volumes increased to 2.8 billion transactions in the quarter, reflecting a 10% rise over t
Pakistan on Tuesday launched its first private-capital-funded Pakistan Skills Impact Bond (PSIB), backed by a guarantee from the Ministry of Finance, to operationalise a Rs1 billion pilot tranche under a three-year instrument aimed at financing a scalable technical skills development programme. According to an official statement, the PSIB has been designed to deliver measurable outcomes, includ