PSX is likely to see positive momentum continuous from Monday
AHL Research expects the KSE-100 index to remain positive in the coming week. The Prime Minister has written a letter to roll over a USD 2bn loan to the UAE,…
Railways should be sold immediately without any delay.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Friday that there is no future for railways in Pakistan. Therefore, it should…
The government urged the resume of the affordable house financing scheme.
The government should resume the affordable house financing scheme through commercial banks to facilitate the masses' purchasing and construction of residential housing units to revive economic activities across the country.…
Gohar Ejaz at FPCCI: 10,000 Acres Industrial Zone Announced for Karachi – Atif Ikram Sheikh
Mr. Atif Ikram Sheikh, President FPCCI, has apprised that Dr. Gohar Ejaz, Federal Caretaker Minister for Commerce & Industries, has announced a new industrial zone of a whopping 10,000 acres…
Caretaker setup made the highest hike of 191 per cent in Industrial Gas tariff: KCCI.
President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Sheikh has said that the caretaker setup has surpassed the elected Governments in terms of raising industrial gas tariff, which…
Sheikh Umar Rehan advocates information technology as key to economic recovery
Former President of the Korangi Association of Trade and Industry, Sheikh Umar Rehan, believes that Pakistan can emerge from its economic crisis by harnessing the potential of information technology (IT).…
ADFIAP announces Saud Minam as Chairman
The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) has announced a significant transition in leadership, with the elevation of Saud Minam, a prominent Pakistani in Fiji,…
Zong 4G and ASA Pakistan sign corporate partnership agreement for communication and data connectivity solutions
Zong 4G, Pakistan's leading digital communication company, has signed a corporate partnership agreement with ASA Pakistan Limited, a leading Microfinance Bank, to provide data and voice services for their customers.…
PSW introduces a Russian language-dedicated helpline to facilitate Central Asian Trade.
In a strategic move towards advancing international trade facilitation, Pakistan Single Window (PSW) launched its dedicated Russian language helpline to benefit international transit trade with Central Asia. Introducing this helpline…
Lucky Core Venture terminated the SPA (75.01%) of Lotte Chemical
According to a notice at the Pakistan Stock Exchange, Lucky Core Venture (Pvt) Limited (LCV) has decided to terminate the share purchase agreement (SPA) for the acquisition of 1,136mn shares…
Croatia-Pakistan trade exchange not strong enough to be proud of, says Envoy
Ambassador of Republic of Croatia Dr Drago Stambuk has said that although Croatia and Pakistan were friendly countries but the trade exchange was 'not strong enough to be proud of'…
IMF’s executive board approves 2nd SBA Tranche of USD 700mn
IMF's executive board has completed the first review of Stand-by Arrangement (SBA) for Pakistan, approving the 2nd tranche of the program. To recall, Pakistan entered into IMF's 9-month Stand-by Arrangement…
Iftikhar Sheikh announces reactivation of Rangers Monitoring & Complaint Cell at KCCI
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has announced that thanks to support and cooperation extended by Director General Pakistan Rangers Sindh Major General Azhar Waqas,…
Political parties should present a solid program of economic recovery
President of Pakistan Economy Watch, Dr. Murtaza Mughal, said on Friday that the economy is facing dire consequences, and the masses are suffering greatly due to poor choices by economic…
Sweden’s success in reducing smoking rates
Smoking remains a significant public health concern worldwide, contributing to various diseases and causing millions of deaths annually. While the ideal solution is for individuals to quit smoking altogether, for…
Pakistan and EU Ambassador to Pakistan discussed the GSP Plus renewal beyond 2027
Dr Riina Kionka, European Union Ambassador to Pakistan, has urged Pakistani exporters not to just depend on textiles to take advantage of the EU GSP Plus status but should endeavour…
Pakistan auto industry sales were down 10% MoM
Industry sales were down 10% MoM, registering total sales of 5,816 units. This takes total industry sales for 6MFY24 to 39,454, down 53% YoY. PSMC managed to outperform its peers…
Ahmed Shah visits the KCCI.
Sindh Minister for Information Minister Ahmed Shah speaks at a meeting during his visit to the Karachi Chamber of Commerce & Industry on Wednesday, Vice Chairman Businessmen Group Anjum Nisar…
SBP’s reserves as of 5-Jan-2024
The total liquid foreign reserves held by the country stood at US$ 13,256.6 million as of 5-Jan-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
SSGC damaged pipeline disturbs gas supplies to Quetta
Sui Southern's 12-inch diameter main pipeline supplying gas to Quetta near Dhadar has been severely damaged. SSGC's technical team has been rushed to repair the affected pipeline and will try…
PSX awaits positive news from the IMF; if so, a boost is expected on the Friday session.
· 64k recapitalized keeps the tight trading range intact with resistance @ 65.5k · Moves above 65.3k will break last week's high and target 67k · A skewed A/D 72:22…
T-Bills worth PKR 283bn sold, 12M paper yields down by 59bps
T- Bill Auction: Yields decrease by 44-59bps In yesterday's Market Treasury Bills (T-Bill) Auction, the cut-off yields of 3M, 6M, and 12M tenors came down by 45bps, 44bps, and 59bps, respectively.…
SSGC notified a 48-hour Gas Holiday for all Industries
Due to short supplies of around 65 MMSCFD gas from different gas fields last night, SSGC's line pack has been severely depleted, resulting in low gas pressures across the Sindh…
PIA divestment of 51% stake approved by Privatization Commission
As per news flow, the privatization Commission (PC) board endorsed a transaction plan to divest at least 51% of Pakistan International Airlines (PIAA) shares, following a balance sheet adjustment where…
NBP Digital launches new mobile app donation feature
The National Bank of Pakistan (NBP) has embarked on a new initiative with the NBP Digital App to streamline and improve the digital customer experience for account holders, including both…