Amid a relative political calm and improved economic outlook, the stock market witnessed an across the board buying spree at attractive valuations, helping the benchmark KSE 100 index staged an impressive rally on Monday. Ali Najib, Head of Sales at Insight Securities, said it was a clear sky day at PSX as the index floated easily during the trading hours and settled at 114,230, an increase of
With energy minister Awais Khan Leghari listing the planned 300MW Gwadar coal power plant amongst projects considered unaffordable for the consumers and hinting at scrapping it — along with several other proposed generation schemes of 10,000MW — the future of the long-stalled project appears more uncertain than ever. The ‘warning’ comes at a time when the imported coal-based plant’s Chinese dev
The reality is grim. Green energy is in retreat. The battle against climate change, which has put the oil and gas industry on the defensive for some time now, is weakening. The changing political map of the world, taking a right tilt all around — from the Americas to Europe — is helping industries wriggle out of the situation. The changing political map has pushed the climate battle on a back b
Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It
Pakistan’s economy is showing signs of improvement. The inflation rate has come down to a six-year low, and the stock market has exceeded all records. These are indicators of progress as the Asian Development Bank (ADB) has also revised its economic growth forecast for Pakistan in the fiscal year 2025 to three per cent. While this marks an upward revision, the figure evokes mixed reactions. It