Pakistan’s banks listed on the stock market have reported an outstanding growth of 86% in their net profit in the year ended December 2023, boosting total earnings to a record high of Rs572 billion amid a higher interest rate season in the country. The banks have managed to achieve a record high profit despite economic slowdown and underperforming industrial activities in the country. In a b
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Tuesday directed the submission of a comprehensive roadmap to boost IT exports. He stated that the government would take steps to fully utilise the billion-dollar potential of the country for IT exports, and ensure that young people are provided with the necessary facilities for education, skills development, and startups. The prime minister
Bears dominated the Pakistan Stock Exchange (PSX) on Tuesday and dragged its benchmark index down sharply by 953 points by the day’s end. The KSE-100 index dropped by 953.60 points, or 1.45 per cent, to stand at 64,801.70 from the previous close of 65,755.30. It had reached a low of 64,64.66. Finally, the index closed at 64,801.70 points, contracting by 953.60 points from the previous close
ISLAMABAD: Highlighting the importance of aligning with global standards and adopting modern practices, Commerce Minister Jam Kamal Khan has stressed the need for fully facilitating local and foreign investors believing that Pakistan can achieve significant strides through an inclusive approach. During a meeting with officials of the commerce ministry after assuming the charge, Mr Kamal express
KARACHI: Sales of locally assembled cars, light commercial vehicles, vans and jeeps fell by eight per cent to 9,709 units in February from 10,536 in January. However, sales were higher by 57pc compared to 6,186 units sold in February 2023. The low number of working days during February, coupled with the general election holidays, were the main reasons for a drop in sales. However, the sal