Liquidity was in pursuit of investment opportunities as banks and the corporate sector collectively invested Rs1.385 trillion in Treasury bills (T-bills) on Wednesday. The government’s latest auction not only exceeded its target but also raised more than the amount maturing, reflecting strong demand for short-term government debt. Despite the overwhelming demand, the government kept the cut-
Senior PML-N leader and president of Pakistan ex-servicemen society retired Lt Gen Abdul Qayyum has noted that the slow pace of work on the second phase of the China-Pakistan Economic Corridor (CPEC) was a cause for concern, but said that ties with United States have been repaired without compromising their commitments to China. “It is true, the pace of CPEC Phase-II is slower than it should be
The latest Auditor General (AG) report has raised serious concerns over massive violations in the telecom sector, including misconduct by state-owned PTCL and the Special Communications Organisation (SCO). The report also reveals that Jazz, the country’s largest telecom operator, overcharged consumers by Rs6.58bn during 2023-24. The report highlights that despite multiple directives from th
Senators on Wednesday expressed grave concern over the Water and Power Development Authority’s (Wapda) prolonged legal battles, land disputes worth trillions of rupees, and the indefinite closure of the Neelum-Jhelum Hydropower Project, valued at over Rs500 billion. The Senate Standing Committee on Water Resources, chaired by Senator Shahadat Awan, reviewed the compliance reports on audit paras
The Pakistan Stock Exchange (PSX) soared to an all-time high on Monday, with the benchmark KSE-100 index surging 1,704 points, or 1.16 per cent, to close at 148,196.42 — its highest level in history — driven by renewed investor confidence amid credit rating upgrades, strong corporate earnings outlook, and anticipated economic reforms. Market optimism was fuelled by Fitch Ratings’ improved outlo