Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 1,700 points during the opening minutes of trading on Tuesday. At 9:40am, the benchmark index was hovering at 149,481.28, down by 1,726.53 points or 1.14%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exp
Gold prices in Pakistan increased on Monday in line with their gain in the international market. In the local market, gold price per tola reached Rs491,462 after a gain of Rs1,100 during the day. Similarly, 10-gram gold was sold at Rs421,349 after it increased by Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold prices rema
The Pakistani rupee registered marginal gain, appreciating 0.01% against the US dollar in the inter-bank market on Monday. At close, the local currency settled at 279.07, a gain of Re0.03, against the greenback. On Friday, the local unit closed at 279.10. Meanwhile, the US dollar was steady on Monday, while the yen flirted with the crucial 160 per dollar level as nervous investors took stoc
The management of Pakistan International Airlines (PIA) has decided to end all discounts amid rising oil prices in the international market. The development came during a high-level meeting held on Monday, the national carrier said in an official statement. “In a high-level meeting, a plan has been prepared to deal with the continuously rising prices and potential losses,” read the statement
The Competition Commission of Pakistan (CCP) has highlighted that outdated grid infrastructure is acting as a critical bottleneck to the country’s solar energy expansion, urging authorities to take urgent modernisation measures to support rising distributed generation and unlock the sector’s full potential. The CCP it its study on the solar market, proposed targeted reforms to remove entry barr