News

Stocks extend overnight gains on select buying

The Pakistan Stock Exchange (PSX) extended its recovery drive for the third straight session, propelling the benchmark KSE 100 index above 114,000 on select buying on strong valuations on Tuesday. Ahsan Mehanti of Arif Habib Corporation said that easing political noise, higher global crude oil prices, and speculations over monetary policy easing kept attracting buying interest from investors.

Nestle, Unilever and PIA among ‘happiest workplaces’ in Pakistan: report

The World’s Happiest Workplaces 2025 list published on Tuesday named Nestle, Unilever, and Pakistan International Airlines (PIA) among the happiest workplaces in Pakistan, according to a press release. The list was compiled by WorkL, an employee experience platform that ranks employee engagement and employee happiness at work. As per the press release, the happiest workplaces in Pakistan als

US, China and UK remain top 3 destinations of Pakistani exports: SBP

The United States (US) remained the top export destination of Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom (UK). Total exports to the US during the period were recorded at $2512.809 million as compared to last year’s $2299.165m, showing an increase of 9.29 per cent, according to the State Bank of Pakistan (SBP). However,

Aurangzeb eyes joint ventures, secondary listings in Hong Kong: report

Finance Minister Muhammad Aurangzeb has said that Pakistan was looking to explore more joint ventures with Hong Kong and secondary listings for its firms in the city. The minister made the remarks during an exclusive interview with the South China Morning Post on Monday, during a two-day visit to attend the Asian Financial Forum 2025. Aurangzeb’s remarks came ahead of his meeting with Hong K

Revision of agreements with 14 IPPs approved to reduce power cost with Rs137bn annual savings for consumers

The federal cabinet on Tuesday approved the power division’s recommendation to revise the negotiated settlement agreements with 14 independent power producers (IPPs) aimed at reducing electricity costs and saving Rs1.4 trillion for the national exchequer. In October, the government prematurely terminated power purchase agreements with five of the oldest IPPs with the move projected to save Rs41