Bulls took over the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 1,000 points on Monday after a week of persistent institutional selling. The benchmark KSE-100 index surged 1055.03 points, or 0.96 per cent, to stand at 111,377.96 points from the previous close of 110,322.93. Mohammed Sohail, chief executive of Topline Securities, while speaking to Dawn.com a
The United States will move to impose 25 per cent tariffs on steel and aluminium imports this week, President Donald Trump said on Sunday, the latest in a slew of trade levies he has announced. Trump told reporters aboard Air Force One that the tariffs, which he will announce on Monday, will apply to “any steel coming into the United States”, adding this will also affect aluminium. Trump imp
Prime Minister Shehbaz Sharif said on Monday that Pakistan achieved macroeconomic stability last year with the help of the International Monetary Fund (IMF) programme. Speaking to Pakistani business leaders and investors in Dubai, the PM said the macro-level economy had gradually improved in the previous year as inflation slowed to 2.4 per cent in January with the policy rate reduced to 12pc.
Exports to European countries grew 8.32 per cent in the first half of 2024-25, mainly due to higher shipments to western states. In absolute terms, Pakistan’s exports to the European Union (EU) reached $4.429 billion in July-December FY25 from $4.089bn last year, according to data compiled by the State Bank of Pakistan. The export resurgence was due to a slight increase in demand for Pakista
Pakistan needs to focus on specialised IT skills and international branding as there is significant potential for growth in this sector, said Saquib Ahmad, Country Managing Director SAP Pakistan, Afghanistan, Iraq and Bahrain. Talking to the media on Monday, he added that to unlock its full potential, Pakistan needs international branding of its IT sector to ensure seamless profit repatriation