Shares at the Pakistan Stock Exchange (PSX) climbed more than 300 points in on Monday on expectations of expectations of a new deal with the International Monetary Fund (IMF). The benchmark KSE-100 index climbed 704.08 points, 0.9 per cent, to stand at 79,149.04 at 11:15am from the previous close of 78,444.96 points. Finally, the index closed at 78,824.33, up by 379.37 or 0.48pc, from the previ
The government claims it is unable to do much to appease the business community given the current circumstances, even if it wishes to. The business community’s tough stance towards the budget was expected. Although the government asserts it is in talks with business leaders, significant revisions in fiscal policy are unlikely. Therefore, minor adjustments to reverse or scale down certain taxati
Pakistan’s National Electricity Policy 2021 pledges that a “sustainable renewable energy market shall be developed, with a progressively increasing share in power generation as per the Indicative Generation Capacity Expansion Plan (IGCEP) based on the least cost principle.” However, the latest IGCEP 2024-34 iteration, which outlines the country’s future energy generation strategy over a 10-year
The PML-N-led coalition government began the new fiscal year (2024-25) with an increase in petrol and high-speed diesel prices by Rs7.45 and Rs9.56 per litre, respectively, for the next fortnight. In a late-night announcement, the Ministry of Finance said prices of petroleum products have seen an increasing trend in the international market during the last fortnight. The Oil and Gas Regulatory
Headline inflation for June clocked in at 12.6 per cent on the year, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The reading is higher than the 11.8pc year-on-year rise in May, but is well below the average reading of 23.4pc for the financial year which ended June 30. Month on month, the headline consumer inflation, measured by a basket of goods and services called th