The competitive narratives of the government and main opposition party indicate that the escalating political tensions would not peter out any time soon despite their negative impact on economic recovery. Political turmoil has shaken the confidence of local business people and foreign investors, who have also lost hope that the political crisis will ever be over, says Karachi Chamber of Commerc
Pakistan Stock Exchange (PSX), while shattering records, set an unprecedented pace of rapid growth as the KSE-100 index surged a massive 3,134 points on Thursday, surpassing the 108,000 mark. The rally was powered by a combination of positive economic indicators and investor optimism. The annual inflation rate fell to 4.9% in November, its lowest level in six years, while the trade deficit shra
Bitcoin burst past $100,000 for the first time on Thursday, taking the limelight away from stock markets that wavered as investors tracked political crises in France and South Korea. Bitcoin reached a high of $103,800.45 before dipping to just over $103,400. Bitcoin is "stealing (the) stock market's spotlight", said Briefing.com analyst Patrick O'Hare.The digital asset has now soared more than
Energy experts have urged the government to facilitate the immediate transition of Captive Power Plants (CPPs) to the grid system. They emphasised that this measure would not only stimulate power demand in the country but also make significant amounts of natural gas available for the power sector, aligning with the National Gas Allocation Policy of 2005 and Gas Supply Priority by the Economic Coor
Bangladesh Deputy High Commissioner in Karachi SM Mahbubul Alam has announced that direct flights between Pakistan and Bangladesh will commence soon, which will significantly bolster ties between the two nations and their business communities. He also revealed that an exhibition for importers and exporters of the two countries would be organised in Hyderabad in collaboration with the Hyderabad