Bulls maintained their control over the trade floor as shares at the Pakistan Stock Exchange(PSX) surged more than 800 points on Tuesday, briefly touching the 96,000 barrier for the first time. The benchmark KSE-100 index climbed 812.70 points, or 0.86 per cent, to stand at 95,808.37 points from the previous close of 94,995.67 points at 11:08am. At 2:44pm, the index crossed the 96,000 threshold
A new report from the Asian Development Bank has stressed the need for adapting schools to the impacts of climate change since extreme weather is significantly increasing school closures and affecting learning outcomes and household incomes over the long-term. The report, ‘Climate Change and Education Playbook’, referred the 2022 floods in Pakistan which damaged some 17,000 schools, disrupting
The Economic Coordination Committee (ECC) on Tuesday formally approved subsidy-neutral discounted electricity rates for incremental consumption during the winter months (December to February) to stimulate power usage amid high tariffs and economic downturn. The initiative — which applies to residential, commercial and industrial consumers — is expected to increase consumption by up to 16 pe
The National Assembly Standing Committee on IT & Telecom questioned the authority of the Pakistan Telecommunication Company Ltd (PTCL) to sell its properties since the board of directors was not the owner of the company. The committee meeting in the Parliament House sought answers to several queries from the state-owned largest telecom company, including the board’s powers under the sale purcha
Pakistan’s corporate sector donated about Rs23.65 billion for various social sector causes in 2023, up 41 per cent over Rs16.76bn in 2022, according to the Pakistan Centre for Philanthropy (PCP). In its latest Corporate Philanthropy Report, the PCP said the Public Listed Companies (PLCs) contributed the largest share of Rs17.69bn while Public Public Unlisted Companies (PUCs) and Private Ltd Com