KARACHI: Amid falling foreign exchange reserves of the State Bank of Pakistan and uncertainty about the interest rate outlook, the stock market extended its losing streak for the third straight day on Thursday as some investors resorted to profit-taking as a result the benchmark KSE 100-share index saw another day of losses in a volatile session. Ahsan Mehanti of Arif Habib Corporation said the
KARACHI: Pakistan Stock Exchange (PSX) on Wednesday remained under pressure as investors exercised caution ahead of the monetary policy announcement in mid-March and potential negotiations with the International Monetary Fund (IMF) for a new loan package. In the morning, trading kicked off with a spike and the market climbed during initial hours. Buying activity was observed throughout the firs
KARACHI: Gold price soared on Wednesday to a six-month high of Rs225,400 per tola (11.66 grams) as the precious metal took cue from the rising global market that touched an all-time high. On the other hand, the Pakistani rupee maintained its downtick for the fourth consecutive working day and closed at Rs279.35 against the US dollar in the inter-bank market. According to State Bank of Pakist
BEIJING: “In 2023, China’s photovoltaic (PV) application market has indeed achieved unexpected development, reaching 216.88GW (gigawatts), a staggering year-on-year growth of 148.1%, exceeding the predictions of all industry insiders. With the growing demand for green electricity, we predict that the domestic new installed capacity will remain at a high level this year,” Liu Yiyang, Deputy Secr
LAHORE: The National Electric Power Regulatory Authority (NEPRA) has disclosed that high electricity costs were one of the contributing factors to the decline of the economic growth rate to a mere 0.29% in the financial year 2022-23. According to NEPRA’s State of the Industry Report 2023, the high cost of electricity in Pakistan has emerged as a critical challenge affecting all segments of soci