The board of directors of Pakistan International Airlines (PIA) has approved its financial results for 2024, which show the airline achieving a net profit after around 21 years, a PIA spokesperson said on Tuesday. According to the results for FY2024, PIA earned an operational profit of Rs3.9 billion and a net profit of Rs2.26bn. The airline’s operating margin was more than 12pc, which is
PAKISTAN’S stock market has a much better idea than our policymakers about what has actually hit the global economy in the shape of US ‘reciprocal’ tariffs. The nation’s equity market took a severe drubbing on Monday, plummeting 7.31pc at one point despite a pause in trading triggered by activation of circuit breakers to prevent panic selling and extreme volatility, following a steep drop in st
The Pakistan Stock Exchange (PSX) plunged by 3,882 points on Monday amid global market turmoil following China’s retaliatory tariffs against the United States. The benchmark KSE-100 index plunged by 3,882.18 points, or 3.27 per cent, to stand at 114,909.48 from the previous close of 118,791.66. Trading was earlier halted at the PSX for an hour after the benchmark index plummeted by 6,000 poi
The new administration features some of Washington’s harshest Pakistan critics. Its transactional approach ensures that longstanding claims by Pakistan about its strategic importance — rooted in its location — will fall on deaf ears. New areas of cooperation during the Joe Biden administration — clean energy and climate change — won’t be priorities. Washington’s foreign aid freeze and dismantli
Binance’s billionaire founder Changpeng Zhao on Monday was appointed as a strategic adviser to the Pakistan Crypto Council (PCC), a press release issued by the Finance Division said. The Pakistan Crypto Council (PCC) was officially launched last month to “regulate and integrate blockchain technology and digital assets” into the country’s financial landscape. On February 25, following a meeti