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Web Desk
Jan 16, 2025

WEF report highlights Pakistan’s key risks for 2025

The World Economic Forum (WEF) has released its Global Risks Report 2025, highlighting major challenges for Pakistan.

Business

Web Desk
Jan 16, 2025

PSX suffers losses as KSE-100 drops over 700 points

The Pakistan Stock Exchange (PSX) opened in the green on Thursday, with the benchmark KSE-100 index rising by 386.48 points to reach 114,882.18 within the first two minutes of trading. The initial trading volume stood at 767,812.

Business

Web Desk
Jan 16, 2025

PKR edges up 7 paisa in early trading against US dollar

On the second-to-last trading day of the week, the Pakistani rupee (PKR) appreciated by 7 paisa against the US dollar, with currency exchange companies quoting the greenback at Rs278.70 before 10:00 AM.

Business

Web Desk
Jan 16, 2025

Pakistan needs structural reforms to sustain growth, reduce poverty: WB

Pakistan’s current growth model, characterised by high public consumption, mounting debt, low productivity, and insufficient capital accumulation, is becoming increasingly unsustainable.

Business

Reuters
Jan 16, 2025

Gold holds near highest level since December 2024

Gold prices were stable on Thursday after hitting their highest levels in more than a month, as softer US core inflation data lifted expectations of interest rate cuts, although news of a ceasefire accord between Israel and Hamas capped further gains.

Business

Reuters
Jan 16, 2025

Global supply concerns push oil prices higher as crude stocks drop

Oil prices rose for a second day on Thursday after a larger-than-expected decline in US crude oil stockpiles added to supply concerns stoked by US sanctions against Russian energy trade.

Business

Faqeer Hussain Web Desk
Jan 15, 2025

KP govt leases four gold mines for Rs4 billion to private entity

An official privy to the project claimed that while the Punjab government estimates gold reserves worth Rs800 billion in its portion of the Indus River, KP’s reserves could be valued at over Rs1,600 billion.

Business

Web Desk
Jan 15, 2025

Govt pays off Rs1.5 trillion debt in first half of FY25

The government has managed to reduce its debt from commercial banks by Rs1.541 trillion in the first half of this fiscal year.

Business

Web Desk
Jan 15, 2025

Govt announces 45 per cent cut in EV charging tariff

The government of Pakistan has announced a major reduction in the electricity tariff for electric vehicle (EV) charging stations, aiming to boost the country’s EV infrastructure.

Business

Web Desk
Jan 15, 2025

Auto sales surge by 54 per cent amid easing interest rates

The automotive sector saw strong sales performance during the first half of fiscal year 2025 (IHFY25), with the exception of the tractor segment, despite Saazgar Engineering Works Ltd not releasing its sales figures.