China’s Shandong Xinxu Group has pitched a multi-billion-euro integrated maritime and industrial project at Port Qasim, one of Pakistan’s key ports, marking one of the largest proposed foreign investments in Pakistan’s maritime sector in recent years. A five-member delegation from China’s Shandong Xinxu Group has met Federal Minister for Maritime Affairs, Muhammad Junaid Chaudhry to discuss a p
The Pakistan Stock Exchange (PSX) paused on Tuesday after touching a record high above the 170k barrier a day ago as early optimism vanished because of profit-taking by investors at elevated levels, pushing the benchmark index down by 294 points. Initially, investors cheered a 50-basis-point reduction in the central bank's policy rate, which lifted the index to a new all-time intra-day high of
The Pakistan Stock Exchange (PSX) commenced trading on a positive note, with the benchmark KSE-100 Index trading over 400 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 170,878.64, an increase of 431.35 points or 0.25%. Buying interest was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploratio
Pakistan's Ambassador to the Republic of Djibouti, Aqsa Nawaz, visited the Lahore Chamber of Commerce and Industry (LCCI) and met with LCCI President Faheemur Rehman Saigol. According to a statement issued on Tuesday, the discussion focused on tapping new export markets in Africa through Djibouti and assessing trade potential for Pakistani products. Speaking on the occasion, the LCCI president
Morgan Stanley has projected that gold prices will post relatively smaller gains in 2026 as purchases by central banks and exchange-traded funds moderate, although anticipated interest rate cuts and a weaker US dollar are expected to keep the broader uptrend intact. In its latest outlook, the investment bank forecast gold prices at around $4,800 per ounce by the fourth quarter, citing strong Ch