According to the PSX website, the market opened with a downward trend, with the benchmark index declining by 771.87 points at 9:45 am, bringing the index down to 79,346.02 points. At day’s close, the benchmark index settled at 78,539.18 points, down by 1578.71 from the previous close of 80,117.89 on Friday. Market experts attributed the […]
The assurance was given during a meeting with the Minister of Livestock, Ashiq Hussain with representatives of the Poultry Association to review the supply chain and pricing of chicken. Various strategies were discussed to establish a mechanism for setting chicken prices. During the briefing, it was highlighted that chicken prices have increased by up to […]
President KATI Johar Ali Qandhari has stated that the IPPs, expensive electricity, and huge taxes have pushed industries in Korangi to ruins. “Payments being made in dollars for the electricity which is not being utilized”. He said that 350 industries have been closed and big industries have curtailed their units in Korangi, while 60,000 workers […]
Islamabad may also begin talks on re-profiling Pakistan’s energy sector debt during the visit to Beijing, Awais Leghari, head of the energy ministry’s Power Division, told Reuters. Leghari will be part of the delegation to discuss structural reforms to the power sector suggested by the International Monetary Fund (IMF), which last week agreed on a […]
According to the spokesperson, the development came in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The spokesperson said that the corporation has sought clarification from the Federal Board of Revenue (FBR) on the new tax. He said that the corporation has sufficient stock of sugar […]
According to the report, the provinces will receive Rs 10,350 billion by fiscal year 2026-27 under the National Finance Commission (NFC) Award. The plan indicates an increase in provincial shares, with Rs 8,921 billion allocated for the next fiscal year 2025-26, and Rs 10,350 billion by 2026-27. The current fiscal year will transfer 39.4% of […]
Microsoft said separately it had fixed the underlying cause for the outage of its 365 apps and services including Teams and OneDrive, but residual impact was affecting some services. “This is not a security incident or cyberattack. The issue has been identified, isolated and a fix has been deployed,” CrowdStrike CEO George Kurtz said in […]
While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026. Netflix shares reversed initial losses after it reported results to trade up 1% in after-hours trading. The stock has […]
This drop represents a 2.15% decline from yesterday’s all-time high of 81,839 points. Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase from the previous close of 81,156 points showcases a bullish momentum in the market. PSX hits fresh peak on IMF […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279 and Rs280.50 respectively. The price of the Euro increased by Rs1.1 to close at Rs 304.94 against the last day’s closing of Rs 302.94, according to the State Bank of Pakistan […]
