State-run Trading Corporation of Pakistan (TCP) issued a tender to purchase 100,000 tonnes of white refined sugar and is believed to have bought 80,000 tonnes in a tender that closed last week, European traders said on Monday. The deadline for price offers in the new international tender is Oct 6, with sugar arrival in Pakistan sought around Nov 15. Traders said that following contin
The prices of petrol and high-speed diesel (HSD) are expected to increase by Rs2-3 per litre from Wednesday for the first fortnight of October, in line with fluctuations in global oil prices. According to official estimates, based on current tax rates, the ex-depot price of HSD may rise by about Rs2.50 per litre (around 1 per cent), while petrol is likely to go up by Rs1.90-2 per litre. Bo
The Pakistan Stock Exchange (PSX) opened on a bullish note, with the benchmark KSE-100 Index crossing the 160,000 level for the first time in history, amid a gain of over 1,900 points during the opening minutes of trading on Friday. At 10:15am, the benchmark index was hovering at 161,188.80, a gain of 1,908.71 points or 1.2%. Across the board, buying interest was observed in key sectors, inc
The Pakistan Stock Exchange (PSX) ended on a high note on Thursday, with the benchmark KSE-100 index nearing the 160,000-point mark, amid positive market sentiment as the International Monetary Fund (IMF) mission began its review of Pakistan’s economic performance under the ongoing $7 billion Extended Fund Facility (EFF). Investors were buoyed by the government’s recent agreement with 18 banks,
An International Monetary Fund (IMF) review mission began its work simultaneously in Karachi and Islamabad on Thursday, holding discussions with authorities on mixed programme performance without the customary opening engagement with Minister for Finance and Revenue Muhammad Aurangzeb, who is currently on a visit to the United States. Sources said the introductory meeting with Mr Aurangzeb, i