Buying returned at the Pakistan Stock Exchange (PSX) after US President Donald Trump said US military action against Iran is not necessary “at this point”, with the benchmark KSE-100 gaining nearly 3,300 points during the opening minutes of trading on Tuesday. At 9:45am, the benchmark index was hovering at 177,168.09, up 3,281.41 points or 1.89%. Buying was observed in key sectors, includin
Pakistani brands are strengthening their footprint in the Chinese market through international exhibitions, brand building and digital marketing, as entrepreneurs explore new avenues to connect Chinese consumers. During the 9th China International Import Expo (CIIE) in Shanghai, China Economic Net spoke with Aqeel Ahmed Chaudhry, President of Winza APAC, who voiced optimism about the company's
Pakistan plans to draw the full $1.7 billion multi-tranche World Bank loan to widen the tax base and align expenditure with the Constitution, even though the lender has twice rated implementation on the approved $600 million tranche as moderately satisfactory and the government has itself breached one of the package's conditions twice. One condition of the package is implementation of the Natio
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 Rs432,336 after a gain of Rs3,200 during the day. Similarly, 10-gram gold was sold at 370,658 after it increased by Rs2,744, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per t
Sui Northern Gas Pipelines Limited (SNGPL) has reported outstanding dues of Rs169.27 billion against the power sector, warning that mounting arrears have triggered a severe financial crisis and impaired its ability to meet commitments towards upstream gas suppliers. In a letter , addressed to the Chief Executive Officer of Central Power Purchasing Agency-Guarantee (CPPA-G), SNGPL has sought urg