Despite a slump in exports and the devastating impact of recent floods, the Pakistan Stock Exchange (PSX) continued its bullish trend, marking the fourth consecutive session of gains. The benchmark KSE-100 index surged past the 152,000-point barrier, reaching an all-time high, buoyed by strong performances from the cement and fertiliser sectors. Ahsan Mehanti of Arif Habib Corporation attrib
The acting US Ambassador to Pakistan, Natalie Baker, has urged American companies to invest in and expand their operations in Pakistan. Ms Baker praised the government’s efforts under Prime Minister Shehbaz Sharif to reform the economy and create a more investor-friendly environment. She also emphasised Pakistan’s strategic advantages, including its large consumer market, competitive labour cos
A parliamentary committee on Tuesday warned officials of the Ministry of Information Technology that a privilege motion could be moved against them after they refused to disclose the names of board members of state-owned telecom entities. The warning was issued by Senator Palwasha Khan, chairperson of the Senate Standing Committee on IT and Telecom, after the special IT secretary declined to sh
Despite warnings of super floods in Sindh following devastating monsoon rains in Punjab and Khyber Pakhtunkhwa — bringing the rural economy to a halt, disrupting supply chains, and triggering a spike in perishable prices — the Pakistan Stock Exchange (PSX) extended its recovery for a second consecutive session on Monday. The market defied macroeconomic pressures as investors engaged in se
Pakistan’s merchandise exports slipped back into negative territory in August, fuelling concerns among policymakers over weakening international demand and the country’s eroding competitiveness in global markets. This marks the fourth contraction in the last five months, with July offering only a brief respite through marginal growth. The persistent decline reflects mounting pressure on the cou