Buying returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,000 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 171,181.56, up by 990.92 points or 0.58%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companie
Leading economists have challenged the government’s provisional GDP growth estimate of 3.70 percent for the outgoing fiscal year 2025-26, arguing that the figure is overstated and likely to be revised downward once the entire year’s data is available. Former finance minister Dr Hafeez Pasha told Business Recorder that the government’s provisional growth estimate ‘is exaggerated’ and that the ec
Oil and Gas Development Company Limited (OGDC), the country’s leading upstream energy company, has made a significant oil and gas discovery from its exploratory well Bobi Deep-1, located in Sanghar district of Sindh province. The well successfully tested the Massive Sand interval of the Lower Goru Formation and produced 2,000 barrels of oil per day (BOPD) along with 1.1 million standard cubic f
Turkish Ambassador to Pakistan Dr Irfan Nezirogluhas emphasized the need for Pakistan and Türkiye to capitalize on the immense untapped potential in bilateral trade and investment, stating that the strong political, cultural, and historical bonds between the two brotherly countries should be translated into deeper economic cooperation. He expressed these views while talking to a delegation of t
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry here on Wednesday said Pakistan’s maritime sector offered significant investment opportunities in ports, logistics, blue economy initiatives and related infrastructure, citing the country’s strategic location and expanding trade connectivity. The minister made the remarks during an online meeting with Chairman of the Pakistan-