Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Friday. At 9:35am, the benchmark index was hovering at 169,047.83, up by 533.39 points or 0.32%. Buying was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and power generation. Ind
Asian stocks rose on Friday while the U.S. dollar sat near six- week highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in US-Iran peace talks although both sides remained at odds over key issues. The worry for investors remains the near closure of the Strait of Hormuz, a critical artery for the world’s energy supplies, that has sent oil prices soaring and re
Mecom Gas Pvt Ltd, a Pakistani Liquefied Petroleum Gas (LPG) marketing and distribution company, is considering an initial public offering (IPO) on the Pakistan Stock Exchange to raise $20 million for the construction of a liquefied petroleum gas storage facility. According to Bloomberg, the company, which imports LPG from the Middle East and distributes it across Pakistan, is in talks with the
Commercial importers have called on the federal government to end the tax gap between commercial and industrial imports of raw materials, saying the disparity is driving tax avoidance, distorting the market, and leading to substantial losses in revenue for the national exchequer. Industry sources said that current tax differential, ranging between 26-28 percent total impact in comparison, is no
Pakistan Petroleum Limited (PPL) has signed Production Sharing Agreements (PSAs) and exploration licences for eight offshore exploration blocks awarded under the Pakistan Offshore Bid Round 2025, marking a significant step toward reviving offshore hydrocarbon exploration in the country after nearly two decades. According to a notice filed by the company with the Pakistan Stock Exchange (PSX), t