In a stunning display of resilience following previous day's record slump, the Pakistan Stock Exchange (PSX) roared back to life on Wednesday as it skyrocketed nearly 4,700 points – the biggest single-day surge in the bourse's history. A day ago, the market was jolted by massive sell-off, plunging over 3,500 points on the back of growing political unrest. The spectacular rebound, which took the
The United States remains Pakistan's top export destination during the first four months of the financial year 2024-25, with exports totalling $2,037.27 million, a 9.4% increase from $1,862.09 million in the same period last year, according to the State Bank of Pakistan (SBP). China ranked second, with exports amounting to $813.44 million, down 14.6% from $952.44 million last year. The United K
Ports and shipping experts have called for improving the security and safety ecosystem at ports, while expressing grave concerns over it and urging the authorities concerned to ensure four facets — maritime safety, marine environmental protection, maritime law enforcement, and national defence — forthwith. Pakistan International Bulk Terminal Limited (PIBTL), located at the Port Qasim Authority
Gold prices in Pakistan rebounded on Wednesday, driven by a rise in international markets following two sessions of decline. The local price of gold climbed by Rs1,600 per tola, reaching Rs275,900, according to the All Pakistan Sarafa Gems and Jewellers Association. The recovery mirrors global trends, where gold prices rose 0.8% to $2,653.20 per ounce by 1245 GMT, supported by a weaker dollar a
Sindh has vehemently opposed the approval of a framework for the sale of 35% local gas to private parties — a decision that, if implemented, would put an additional Rs243 billion burden on residential consumers over the next five years due to the use of imported gas as an alternative. The Sindh government did not endorse the summary, which sought the "approval" of the Executive Committee of the