Pakistan Stock Exchange (PSX) displayed range-bound movement and closed flat on Thursday as weak economic numbers and delay in approval of an International Monetary Fund (IMF) loan programme weighed on investor interest. The market exhibited considerable volatility, oscillating between the intra-day high of 79,154.30 and low of 78,578.02 points. Institutional investors resorted to profit-bookin
Pakistan's foreign exchange reserves held by the State Bank of Pakistan (SBP) rose by $33 million, reaching a 26-month high of $9.43 billion for the week ending August 30, 2024, according to the central bank's latest update. The continued growth in reserves over the past six weeks has bolstered the domestic currency, which appreciated by Rs0.10 to Rs278.67 against the US dollar in the interbank
Experts in Pakistan's blue economy believe that revitalising the maritime sector and adopting business-friendly policies could be a game-changer for the nation's economy. With 70% of global trade managed by ships, Pakistan's three major ports have the potential to transform the country's economic fateprovided that mismanagement, poor governance, and high port dues are addressed. Muhammad Najib
The federal and provincial governments collectively owe more than Rs2.56 trillion in unpaid bills to the electricity Distribution Companies (DISCOs) across the country, official documents available with The Express Tribune revealed on Wednesday. There are 12 DISCOs across the country – Faisalabad Electric Supply Company (Fesco); Gujranwala Electric Power Company (Gepco); Hazara Electric Supply
Pakistani shares showed a mixed performance on Thursday as mid-session profit-taking by institutions on economic uncertainty trimmed early gains, but the benchmark index managed modest gains. Ahsan Mehanti of Arif Habib Corporation said investor concerns about weak data for fertiliser and oil sales in August, uncertainty over IMF terms to secure a $7bn Extended Fund Facility, and talk of mini-b