News

PSX rally continues as index increases by 1.47%

The Pakistan Stock Exchange (PSX) saw an increase on Tuesday, with the KSE-100 index rising by 1,641.10 points, or 1.47%, reaching a current index of 113,019.06 during intra-day trading. The index reached a high of 113,103.24 points and a low of 111,834.20 points during the trading session. Despite the positive movement in the index, trading activity remained high, with a total volume of 84,

Gold prices continue recording highs; rupee gains 5 paisa

Gold prices in Pakistan continued their upward trend, aligning with rising international rates. On Tuesday, the price of gold per tola rose by Rs100, maintaining a record high of Rs303,100 in the local market. Similarly, the price of 10 grams of gold increased by Rs86, reaching Rs259,859, as reported by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This increase followed Mond

Govt to ensure affordable sugar

Minister for Industries and Production Rana Tanveer Hussain on Tuesday chaired a meeting of the Pakistan Sugar Manufacturing Association (PSMA) focused on important decisions related to the pricing and distribution of sugar across the country. The minister reaffirmed the government's commitment to ensuring sugar is available at affordable prices for the public, said a news release. He announced

PM Sharif to meet IMF chief in Dubai

Prime Minister Shehbaz Sharif and the Managing Director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, will meet today (Tuesday) in Dubai—three weeks ahead of the expected March 3 start of review talks for the $1 billion second loan tranche. Government and diplomatic sources told The Express Tribune that the meeting would take place on the sidelines of the World Government

New year, lower rates send car sales soaring

Passenger car sales surged 51.5% to 58,266 units during the first seven months (Jul-Jan) of the current fiscal year compared to the same period of last year due to multiple reasons such as rising remittances, a spending spree at the beginning of new year and continuous decrease in interest rates. According to data released by Pakistan Automotive Manufacturers Association (PAMA) on Tuesday, sale