The inflow of positive economic numbers helped the stock market maintain its bullish momentum as the KSE 100 index settled at a record peak near 95,000 on Monday. Despite falling by 143.20 at 94,620.45 in early trade on profit-taking, the index bounced back with a 544.27-point rally to hit an intraday high of 95,307.92 after the country posted a third straight monthly current account surplus.
After a week of negotiations and disagreements, the delegates from across the world gathered in Baku for COP29, released a draft outlining the climate finance goal — New Collective Quantified Goal — but several revisions are expected before an agreement is reached, if any. The bone of contention is where the finance will come from, as the Global South, including Pakistan, demands money from the
The Sindh Coal Authority is striving to woo private investment to finance the country’s first coal-to-gas project to initially produce 100 million cubic feet per day (mmcfd) to 200mmcfd of synthetic gas (syngas) from coal in the Thar desert. The project, part of Sindh’s ambitious Thar coal gasification project, proposes to produce syngas to convert it into urea fertilisers at integrated syngas-
Jazz, along with its associated companies JazzCash and Mobilink Microfinance Bank, invested over Rs33 billion in the first nine months of 2024, strengthening Pakistan’s digital ecosystem across key sectors, including banking, financial services, cloud, data centers, digital healthcare, entertainment and connectivity. The company also contributed Rs97bn in corporate tax, sales tax, import duties
The unprecedented surge in Pakistan’s capital market likely reflects deeper, more complex underlying factors beyond surface-level investor optimism. The country’s benchmark KSE-100 index clocked at 94,763 when the market closed last Friday, up from 76,742 on November 15, 2023, an impressive gain of 18,021 points in one year. This historic surge occurred despite Pakistan’s low GDP growth rate of