Bullish sentiments prevailed in the stock market for the second consecutive session as trade activities through the Torkham border resumed with Afghanistan after remaining suspended since Jan 13, propelling the KSE-100 index above the 64,000-point level on Tuesday. Topline Securities Ltd said equities experienced significant volatility as the benchmark KSE 100-share index hit an intraday low
The government is anticipated to implement another significant hike in gas prices, averaging up to 41%, by mid-February, as part of the ongoing $3 billion loan programme with the International Monetary Fund (IMF). This move is expected to trigger a new wave of inflation in a market already grappling with persistent price pressures. The IMF asserts that increasing gas prices is essential to curb
Oil prices inched up Tuesday, as traders weighed production outages in the US and tensions in the Middle East and Europe against rising crude supply in Libya and Norway. Brent crude futures were up 30 cents, or 0.4%, to $80.36 a barrel at 1618 GMT. US WTI crude futures gained 46 cents, or 0.6%, to $75.22 a barrel. In the ME, tensions rose the morning after US and British forces carried out a
Pakistani currency maintained its uptrend for the fifth successive working day on Tuesday, appreciating to a new three-month high above Rs279.50 against the US dollar in the inter-bank market in the wake of improved inflows of the foreign currency compared to its demand. According to State Bank of Pakistan’s (SBP) data, the rupee improved 0.02%, or Rs0.06, and closed at Rs279.79 against the gre
The top leadership has decided to press ahead with all mega gas projects including the Iran-Pakistan (IP) pipeline to meet the growing consumer demand in future. Sources told The Express Tribune that the Petroleum Division had conducted a study on the requirement and future demand for gas projects. The detailed study had been commissioned to define the current and projected supply of gas fro