Some of the top global pharmaceutical companies have left Pakistan due to a revision of their business plan, rupee depreciation and due to competition with the local pharmaceutical companies. According to senior representatives of the Pakistan Pharmaceutical Manufacturing Association (PPMA) and officials of the Federal Ministry for National Health Services and Regulations (NHSR) most of these c
The Trading Corporation of Pakistan (TCP), Pakistan’s state agency, has issued a tender to purchase 100,000 metric tons of rice for supply to Bangladesh, European traders said on Monday. The deadline for submission of price offers is November 28. Bangladesh also announced another rice tender on Monday, continuing a series of import tenders in the last few weeks to cool local prices. The tend
Oil prices were little changed on Tuesday after rising in the previous session as concerns supply will exceed demand next year outweighed worries Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive. Brent futures fell 17 cents, or 0.3%, to $63.20 a barrel as of 0158 GMT. West Texas Intermediate (WTI) crude declined 12 cents, or 0.2%, at $58.71. B
The KSE-100 Index extended its downward trend on Monday, slipping over 650 points during mid-day trading as investor sentiment remained subdued. At 11:15am, the benchmark index was hovering at 161,446 points, a decrease of 656.58 points or 0.41%. A broad-based selling pressure was observed in key sectors, including cement, commercial banks, oil and gas exploration companies, OMCs, power gene
The Pakistan Stock Exchange (PSX) ended Friday's session on a weak note as the KSE-100 index dropped 834 points, or 0.51%, to close at 162,103 amid dull, range-bound trading and low volumes. Market reviewers noted the absence of fresh triggers, with the index oscillating between gains and losses before coming under pressure near close. Fertiliser, oil and cement stocks led the decline, while HB