Pakistan Stock Exchange (PSX) on Monday took a deep dive after hitting record highs last week as the KSE-100 index plunged over 2,000 points primarily due to institutional profit-taking across various sectors. Market jitters were compounded by reports of the International Monetary Fund's (IMF) disapproval of policy changes including a reduction in property transaction rates, lowering March 2025
In recent weeks, buoyant gold prices have remained range-bound in Pakistan, rising by only Rs600 on Monday, reflecting a similar trend in the international market and reaching Rs318,600 per tola. The price of 10-gram gold stood at Rs273,148 after a gain of Rs515, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). International gold prices for Pakistan also saw a modes
Special Assistant to the Prime Minister on Industries and Production, Haroon Akhtar Khan, emphasised on Monday that collaboration with the private sector is essential to addressing large-scale industrial production challenges. During a meeting with Engro Corporation Chairman Hussain Dawood, Khan highlighted the government's efforts to promote investment and create an enabling environment for in
To promote digital prosperity and the economy, key pillars of the local digital landscape—such as e-commerce, quick commerce, e-delivery services, and fintech—are playing a vital role in making businesses and e-transactions convenient, user-friendly, and fast for both novice and expert users. However, these platforms require strict monitoring to eliminate phishing and other malpractices and addres
The government has estimated power tariff reduction of only Rs0.50 per unit following revision in agreements with seven independent power producers (IPPs). However, officials of the Power Division claimed that total savings would be Rs920 billion over the entire life of the private-sector IPPs. The savings comprise capacity payments to the IPPs, but the amount is very low when compared with the