News

Another bullish week on PSX

KARACHI: The Pakistan Stock Exchange (PSX) maintained its record-breaking spree in the outgoing week, as the benchmark KSE 100 index scaled a new all-time high closing amid a positive economic outlook. Arif Habib Ltd (AHL) said the market maintained its bullish trend driven by promising talks with the IMF on a new loan and the UAE’s commitment to investing $10bn in Pakistan’s promising economic

Envoy invites foreign firms to invest in tech zones

Pakistan’s Ambassador to China Khalil Hashmi briefed Chinese and international enterprises and entrepreneurs about the lucrative incentives being offered by Islamabad and invited them to invest in the National Aerospace Science and Technology Parks as well as in the thriving unmanned aerial vehicle (UAV) sector. Speaking at the opening ceremony of the 8th Drone World Congress being held from Ma

Rice export: hurdles, opportunities

In recent years, Pakistan has emerged as one of the leading exporters of coarse rice globally, rebounding from the setbacks of the 2022 floods and benefiting from upward revisions in Minimum Export Prices (MEPs) by the Ministry of Commerce. Achieving another historic milestone, Pakistan exported more rice in the first 10 months of the current fiscal year, shipping out 5.087 million tonnes value

Making PM’s visit to China successful

ISLAMABAD: A few days ago, the deputy prime minister and planning minister of Pakistan visited China. The planning minister was in China to discuss the Joint Cooperation Committee (JCC) agenda and explore options for further enhancing cooperation under the China-Pakistan Economic Corridor (CPEC) framework. The deputy PM engaged with the Chinese leadership to discuss the future course of coop

Is strategic default a pathway towards economic rejuvenation?

Pakistan’s external debt has burgeoned into a formidable economic challenge, posing significant hurdles to its sustainable development and fiscal stability. As the nation grapples with the burden of mounting debt, there arises a pressing need to critically assess the feasibility of repayment from conventional revenue streams. This article elucidates the complexities surrounding Pakistan’s exter