Ending its downward trend, the Pakistan Stock Exchange (PSX) rebounded significantly on Tuesday, driven by speculation about a potential rate cut by the State Bank of Pakistan (SBP) in its monetary policy announcement on July 29. In the morning, trading began on a positive note, with the KSE-100 index reaching its intra-day high of 79,585.34 points. Approval of new privatisation laws by the Nat
Asian stocks were subdued on Wednesday after lacklustre earnings from US tech behemoths Tesla and Alphabet dented sentiment, while the yen hit a six-week high ahead of a central bank meeting next week where a rate hike remains on the table. The US dollar was broadly firm, with traders watching out for an inflation reading on Friday and Federal Reserve meeting next week. The Bank of Japan is als
The Pakistan Business Council (PBC) has expressed surprise over the government’s ambitious plan to boost exports by 113% to $65 billion within three years. The PBC raised concerns that exporters were not consulted and questioned the measures taken to achieve this target. In a letter addressed to Federal Minister for Commerce Jam Kamal Khan, Ehsan Malik, Chief Executive of PBC—a business policy
The Standing Committee on Information Technology & Telecommunications announced on Tuesday that the 5G spectrum auction is under consideration and is likely to be held in March 2025. The committee underscored the need for service providers to ensure high-quality 5G services in major cities following the auction. The committee recommended that the ministry incentivise service providers in the 5G
Indonesia Charge d’affaires Rahmat Hindiarta Kusuma has stressed that time is ripe for collaboration with Pakistan to push bilateral trade to levels that can match true potential. Speaking at the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, the envoy underlined the importance of forging partnerships as Indonesia was the largest economy in Southeast Asia with stable economic growth