After experiencing a steep sell-off on Tuesday, the Pakistan Stock Exchange (PSX) on Wednesday resisted further decline and staged a strong recovery, with the benchmark KSE-100 Index gaining over 800 points during the opening minutes of trading. At 9:35am, the benchmark index was hovering at 158,706.56, an increase of 836.06 points or 0.53%. Buying interest was observed in key sectors includ
In the last 12 months, the total exports of Pakistan were approximately USD 32.04 billion, whereas in the same period imports rose to USD 58.39 billion and as a result the trade goods deficit widened to around USD 26.35 billion, which is a cause for concern and may have negative implications, said Ateeq ur Rehman (economic & financial analyst). The textile sector remained the dominant contribut
An inter-ministerial committee on Tuesday called for the formation of a Working Group (WG) to finalise a report on the meat export to Malaysia. Federal Minister for Commerce, Jam Kamal Khan, chaired the 3rd Meeting of the Committee on Pakistan-Malaysia Cooperation on meat export from Pakistan, emphasizing the need to strengthen Pakistan’s meat export sector and ensure competitive pricing in the
Gold prices slipped on Wednesday, pulled down by a rebound in the dollar and profit-booking after bullion rose to a near three-week high in the previous session on expectations of interest rate cuts by the Federal Reserve next month. Spot gold was down 0.5% at $4,107.41 per ounce, as of 0421 GMT, after hitting its highest since October 23 on Tuesday. US gold futures for December delivery edg
Governor State Bank of Pakistan (SBP) Jameel Ahmad has emphasised the urgent need for greater regional cooperation and innovation to build integrated capital markets capable of mobilizing investment, enhancing resilience, and fostering sustainable growth across Asia. He was delivering his keynote address at the inaugural International Capital Market Conference 2025 held on Tuesday in Karachi.