Equities settled on the lower side after a directionless trading session on Monday. Topline Securities said the benchmark index of the Pakistan Stock Exchange oscillated within a small range of 496 points during the trading hours before settling in the red territory. Market sentiments were dull as investors opted to stay cautious throughout the day. However, energy sector stocks remained in
With a gap of less than six months, the caretaker government is again working on imposing prohibitive regulatory duties on a longer list of luxury and non-essential import items as part of a broader strategy aimed at curbing the rapid depletion of the country’s scarce foreign exchange reserves. Simultaneously, the administration is also actively working to revive regionally competitive gas and
One in every two Pakistanis has been a victim of a scam at least once while 21 per cent of the victims have been tricked multiple times. According to the 2023 Stay Secure Study released on Monday by global digital payments company Visa, nine of every 10 Pakistanis are likely to disregard the warning signs that suggest online criminal activity. Over-confidence is leaving consumers in Pakistan
Easing auto parts imports revived the production volumes thus accelerating the month-on-month sales of cars, LCVs, pickups and vans by 49 per cent in August to 7,579 units which has been the highest since March compared to 5,092 during July. However, sales remained lower by 36pc against 11,789 units sold in August 2022, showed data issued by the Pakistan Automotive Manufacturers Association (P
Remittances sent by overseas Pakistanis slightly increased by 3 per cent month-on-month in August while it tumbled by over 23pc year-on-year. However, the inflow of remittances during the first two months of the current fiscal year also fell by 21.6 per cent. The data released by the State Bank of Pakistan (SBP) on Monday showed that the remittances totalled $2.092bn in August compared to $2.029bn