News

Bulls took control of the trade floor at the Pakistan Stock Exchange (PSX) as shares climbed more than 1,400 points on Thursday. The benchmark KSE-100 index climbed 989.51 points, or 0.88 per cent, to stand at 113,243.27 at 11:56am. By 12:35pm, the index increased 1,253.77 points, or 1.12pc, to stand at 113,507.53 from the previous close. Finally, the index closed at 113,713.17, up by 1,459.

Iqbal Hussain was among many hoping for significant relief in commodity prices this Ramazan, especially after a sharp decline in the country’s inflation rate. The annual inflation, which soared to a record high of 38 per cent in May 2023, dropped to a near-decade low of 1.5pc in February, according to official data released this week. However, despite the dramatic decline, the prices of esse

The Public Acc­ounts Committee (PAC) of par­liament while examining audit objections concerning the Pakistan Atomic Energy Co­mmission and Federal Bo­ard of Revenue on Wednes­day voi­ced dissatisfaction over syste­mic and procedural shortcomings resulting in losses worth billions to the exchequer. During the session held under the chairmanship of Junaid Akbar, irregularities amounting to Rs1.15

Privatisation and Investment Minister Abdul Aleem Khan on Thursday said that the government would complete all the steps to privatise Pakistan International Airlines (PIA) during the next three months. As part of reforms urged by the International Monetary Fund (IMF), the Privatisation Commission said in April 2024 that it was putting on the block a stake ranging from 51 per cent to 100pc of th

The Ap­­pellate Bench of the Secu­rities and Exchange Com­mission of Pakistan (SECP) has dismissed an appeal filed by VIS Credit Rating Company Ltd aga­inst the penalty imposed for multiple regulatory violations of Credit Rating Compa­nies Regulations 2016. The appeal challenged the SECP’s order dated Oct 16, 2019 passed by Commissioner SMD und­er Section 159 of the Sec­urities Act 2015, which