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Web Desk
Oct 30, 2024

PSO struggles with massive debt, energy sector payment defaults

The Pakistan State Oil (PSO) reported on Wednesday that its circular debt has surged to Rs782 billion, placing the company in a severe financial crisis, alongside the electricity and gas sectors, which are also burdened by circular debt.

Business

Web Desk
Oct 30, 2024

Early trade: Pakistani rupee up by nine paisa against US dollar

The Pakistani rupee (PKR) remained relatively stable against the US dollar (USD) on Wednesday, appreciating by 0.03 per cent.

Business

Web Desk
Oct 30, 2024

Stock market’s rally continues unabated

Another notable shift witnessed in Tuesday’s session was the increase in foreign interest in blue-chip stocks.

Business

Web Desk
Oct 30, 2024

$500 million ADB loan to support Pakistan’s fight against climate change

The Asian Development Bank has approved a $500 million loan to help Pakistan deal with climate change and improve disaster preparedness.

Business

Web Desk
Oct 29, 2024

Pakistan secures over $593 million in external financing for September

Pakistan in the first three months of FY25 raised $1.31 billion in external financing, which is below the yearly target of $19.39 billion.

Business

Web Desk
Oct 29, 2024

Gold price increases Rs1,600 per tola, nearing record territory

It looks like gold in Pakistan has resumed its record high run as the price for precious metal was recorded up by Rs1,600 per tola, nearing the record high territory in the local bullion market on Tuesday.