The federal government has asked the governments of four provinces, Azad Jammu & Kashmir and Gilgit-Baltistan to implement building codes for energy conservation. This initiative applies to public sector projects, private commercial buildings, and housing structures. It also includes guidelines for restricting urban expansion to minimise energy losses and reduce the need for investments in powe
Pakistan Stock Exchange (PSX) on Wednesday started the new year on a strong note as it rose to a record high, driven by extensive buying that pushed the KSE-100 index up by nearly 1,900 points. The market's positive performance was powered by increasing confidence of local and institutional investors, which reflected their trust in Pakistan's economy. Besides, the rally came after monetary p
Planning Minister Professor Ahsan Iqbal on Wednesday directed developing a medium-term framework for deregulating sugar industry, stressing industries to ensure data uniformity, crop zoning and backward integration. He passed the directives while chairing a meeting of the Prime Minister's Committee on Sugar stocking, forecasting and planning, notified in December last to develop a foolproof sys
During December 2024, the oil marketing companies (OMC) industry reported sales of 1.28 million tons, reflecting a 3% year-on-year (YoY) increase. However, sales registered a notable 19% decline compared to the previous month. "The month-on-month decline highlights seasonal variation," said Optimus Capital Management Research Head Maaz Azam. In the first half of fiscal year 2024-25 (1HFY25),
Pakistan Mercantile Exchange (PMEX) CEO Khurram Zafar on Wednesday said that PMEX wanted to advance the concept of innovation and productivity in the commodity market by increasing efficiency in agriculture and metal sectors. "We are envisioning future markets under which market regulation will be maintained and competitiveness and productivity will be enhanced," the CEO told APP in an intervie