The Pakistan Stock Exchange (PSX) extended its recovery on Tuesday, with the benchmark KSE-100 Index gaining 1,454.80 points, or 0.87% from the previous close of 166,564.07, to settle at 168,018.87 as investors returned to heavyweight stocks for bargain hunting following recent market weakness. The benchmark opened on a positive note and maintained its upward trajectory throughout the session.
For 13 years, Rashid Ali has driven a three-wheeled motorised rickshaw around Lahore. His day starts at 6am and sometimes does not end until midnight, but he was long able to make $6.50 a day — enough for his family's bare essentials. Now, with liquefied petroleum gas (LPG) prices surging, he doesn't even make half that. Ali, 33, is among thousands of Pakistani drivers who run their vehicl
The non-energy and non-food inflation eased for the second consecutive month to 7.5% in October, putting a question mark over the central bank's assumption that increasing energy and food prices may "seep into core inflation", which was used to raise its policy rate. With the slowing pace, the difference between core inflation and the policy rate has substantially widened to 4.5% for the benefi
Hub Power Company (HUBCO) plans to commence local production of Chinese auto giant’s BYD vehicles in December 2026, with the Sealion 6 plug-in hybrid electric vehicle (PHEV) set to become its first locally assembled model in Pakistan, HUBCO’s management said during an analyst briefing session on Tuesday. Arif Habib Limited (AHL), which attended the meeting, said in its report that the company’s
The Pakistani rupee continued its marginal gain against the US dollar in the inter-bank market on Tuesday. The local unit closed the day at 276.71, a gain of Re0.01 against the greenback.On Monday, the rupee had closed at 276.72 against the dollar. Globally, the US dollar wavered alongside oil prices on Tuesday on hopes for a diplomatic breakthrough between the US and Iran, while the Aussie