Following a brief pause, the Pakistan Stock Exchange (PSX) on Wednesday saw a resurgence in investor interest as the KSE-100 index rebounded sharply and rose over 1,900 points to a new record high. Market optimism was fuelled by expectations of a policy rate reduction in the monetary policy committee meeting on December 16, after a significant drop in inflation to 4.9%, its lowest in over six y
Pakistan's telecom industry is awaiting strategic recommendations from the National Economic Research Associates, Inc (NERA), a consultancy firm hired by Pakistan Telecommunication Authority (PTA). NERA is tasked with crafting a comprehensive framework for the allocation of 5G spectrum, seen as pivotal for driving innovation and overcoming industry challenges. PTA's collaboration with NERA h
Gold prices continued to rise for the third consecutive day on Wednesday, reaching Rs280,500 per tola with an increase of Rs3,100, which came in line with the global trend. The price of 10-gram gold hit Rs240,484, up Rs2,658, reported the All Pakistan Sarafa Gems and Jewellers Association. Internationally, bullion prices saw an uptick of $31 to $2,693 per ounce, it said. Interactive Commodities
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has announced the establishment of Pakistan-EU Forum. This initiative is aimed at enhancing economic and trade relations between Pakistan and the European Union (EU) member states, which will facilitate growth and development for the business community. The forum's objectives include effective utilis
The banking sector's Advance-to-Deposit Ratio (ADR) improved to 47.8% as of November 29, 2024, up from 44.3% in October and recovering from a low of 38.4% in August. This marks a notable increase of 944 basis points (bps) in just three months, reflecting banks' efforts to meet the mandatory 50% ADR threshold by December 31, 2024. Failure to achieve this target will result in additional taxes, with