Late value-hunting on the back of positive economic numbers propelled the benchmark KSE 100-share index above the 62,000 level on Thursday. Topline Securities Ltd said continuing the overnight momentum, the equities began trading on a negative note as the index made an intraday low at 61,765 levels by losing 215 points. However, at the day’s low, value hunters resorted to cherry-picking whic
The Pakistan Stock Exchange (PSX) has experienced a tumultuous ride, mirroring the frenzy leading up to the upcoming general elections. The once-positive election fervour has morphed into election anxiety, temporarily shattering short-term business confidence, despite the prevailing promising medium-to-long-term outlook. The KSE 100 Index, a benchmark for PSX, witnessed a remarkable 27% surge s
Federal Minister of Interior, Commerce and Industries Dr Gohar Ejaz has announced that Pakistan’s exports remained highly positive in January 2024 as shipments to overseas markets increased 26.9% to $2.786 billion as compared to $2.195 billion in January 2023. Imports, however, decreased 4.5% to $4.665 billion in January against $4.884 billion in the corresponding month of last year. Consequent
Leading industrialists have presented proposals to bolster the national economy to the upcoming government. Their recommendations include introducing a customised low-cost financing scheme, evolving an urban and consistent industrial policy, revamping crumbling road infrastructure, and implementing a one-window operation, among other initiatives. Speaking to the Express Tribune about expectatio
The government and commercial banks have agreed on a Rs268 billion debt restructuring plan for Pakistan International Airlines (PIA). This move, while shifting the burden of PIA’s inefficiency onto taxpayers, removes an irritant in its privatisation. The Ministry of Finance, abandoning its previous stance of not incorporating PIA debt into public debt, now commits to making principal and interest