After days of buying momentum, selling returned at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 2,200 points during the opening minutes of trading on Friday. At 9:40am, the benchmark index was hovering at 173,146.07, down 2,233.79 points or 1.27%. “We expect the market to witness some profit-taking today following the recent rally, as investors may prefer
The Pakistan Stock Exchange (PSX) extended its bullish run on Thursday, with the benchmark KSE-100 Index surging over 3,365 points, or around 2%, to close at 175,380, reclaiming the 175,000 psychological barrier for the first time since September 1, as a sharp decline in international oil prices improved investor sentiment and triggered broad-based buying. The market opened on a positive note,
Prime Minister Shehbaz Sharif on Thursday ordered the cancellation of licences of petrol pumps refusing to provide subsidised fuel to registered beneficiaries under the Prime Minister's Fuel Relief Programme, warning of strict action against outlets denying the facility to eligible citizens. The directive was issued during a high-level meeting chaired by the premier at the Prime Minister's Offi
The International Monetary Fund (IMF) on Thursday called for a broader, simpler, fairer and more predictable taxation system in the country to generate resources for human capital development, infrastructure and investment, saying this would help raise Pakistan’s potential gross domestic product (GDP) and improve living standards. Speaking at a session titled “Where Reforms Matter the Most for
The price of petrol has been reduced by Rs9.41 per litre, bringing the retail price down to Rs352.59 per litre. High-Speed Diesel (HSD) saw a cut of Rs5.56 per litre, fixing its new rate at Rs382.25 per litre, down from the previous Rs387.81 per litre, effective for November 6. The regulator attributed these adjustments to global developments alongside changes in Platts pricing, premiums, and i