The Pakistan Stock Exchange (PSX) extended its bullish run for the eighth consecutive week, underpinned by Moody’s sovereign rating upgrade, strong corporate earnings and optimism over policy continuity. Despite intermittent volatility, the KSE-100 index touched an all-time high of 147,005 points during the four-day trading week before settling at 146,492 points on Friday, gaining 1,109 points or
WITH the country currently in the grip of cataclysmic monsoon rains, every passing day brings with it more reports of deaths and destruction. Among the losses to life and property, images of damaged vehicles — either swept up by floodwaters or battered by falling debris — have become a common sight. Alongside lost homes, businesses and civic amenities, damage to vehicles constitutes a major
The government is almost set to allow new gas connections at the price of imported LNG — around Rs3,900 per million British thermal unit (mmBtu) at the current rate — and almost four times the current connection fee. Sources told Dawn that a summary has been moved by the petroleum division to the federal cabinet for lifting the ban on new connections, with a first-year target of 120,000. Pri
Prime Minister Shehbaz Sharif has said the government is working on a priority basis to digitalise the economy and shift financial transactions to a cashless and digital system. Chairing a review meeting on cashless economy in Islamabad on Sunday, he directed all the provincial chief secretaries to fully cooperate with the federal government in expanding the Raast digital payment system to the
Several parliamentary committees have raised serious concern over an international road-building project funded by the Asian Development Bank, citing alleged collusive practices and ghost tendering among other irregularities by the National Highway Authority in the award of the project. The standing committees of the Senate and the National Assembly on Economic Affairs Division (EAD) and commun