Bears dominated on the trade floor as shares at the Pakistan Stock Exchange (PSX) traded in the red and lost more than 500 points on Tuesday. According to the PSX website, the KSE-100 index lost 719.12, or 1.12 per cent, at 11:04am to stand at 63,550.25. The index closed at 63,737.46, down by 531.91points, from the previous close of 64,269.37. Yousuf M. Farooq, director of research at Cha
In the agricultural landscape of Pakistan, the fertiliser sector is experiencing a notable shift as Diammonium Phosphates (DAP) takes the lead with a significant surge of 31% in offtake during the Calendar Year 2023. In contrast, urea, a staple fertiliser for farmers, has seen marginal growth, remaining virtually stagnant over the same period. According to Optimus Capital Management, urea offta
To alleviate concerns of businessmen, National Accountability Bureau (NAB) Chairman Lt Gen (Retd) Nazir Ahmed has assured that he will review and reassess the pending cases in NAB about the business community and all those cases which are not genuine, valid and unnecessary will be dropped quickly within the next two months. He agreed in a meeting that the business community should be facilitate
Hub Power Company (Hubco) has kicked off talks to acquire a stake in the country’s top coal-rich mine that is supplying black gold to run power plants, believing that the acquisition will prove financially beneficial. Besides, Kot Addu Power Company (Kapco) is attempting to acquire a wind power project of 49.5 megawatts located in Sindh, diversifying its operations by embracing clean energy. Hu
The government has missed the deadlines set by the Special Investment Facilitation Council (SIFC) to secure support from official and private creditors for the division of Pakistan International Airlines (PIA) into two entities, a prerequisite for privatisation. Formal decisions have not been made on whether the privatisation ministry aims to sell the airline to a foreign government through neg