The Pakistan Stock Exchange (PSX) rose by 1,700 points on Thursday to settle near the all-time high of 158,000 on the back of increased investor confidence after the signing of a mutual defence pact with Saudi Arabia. The benchmark KSE-100 index surged by 1,775.65 points, or 1.14 per cent, to close at 157,953.46 — its highest level in history. Pakistan and Saudi Arabia entered into a landma
The Pakistan Stock Exchange (PSX) saw a volatile session on Wednesday, with the benchmark KSE-100 index closing nearly flat as profit-taking towards the end of the day dragged it into negative territory. The index fluctuated in a wide range, reflecting the market’s response to ongoing economic concerns, particularly the impact of flood-related agricultural losses on inflation. Inflation remaine
The government on Thursday approved definitive agreements and financial commitments for the revised cost of $7.723 billion for the first phase of the Reko Diq Copper-Gold Project, clearing the way for formal signing within two weeks. The Economic Coordination Committee (ECC) of the cabinet, chaired by Finance Minister Muhammad Aurangzeb, endorsed agreements between state-owned entities (SOEs)
The Securities and Exchange Board of India (SEBI) on Thursday dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made by US short-seller Hindenburg Research. SEBI began investigating Adani Group companies, including Adani Ports, Adani Power and Adani Enterprises, in 2023 after Hindenburg accused them of using tax havens and failing to disclos
As artificial intelligence reshapes industries across the globe, Telenor Pakistan is ensuring that the transition to an AI-First future begins with its people. The company recently marked AI Day as part of the Telenor Group’s global celebrations, showcasing how it is embedding AI not just into systems but into skills, culture and daily ways of working. At the heart of this vision is AI Verse, a