Negative sentiments were observed at the Pakistan Stock Exchange (PSX) over the risk of a long war in the Middle East. The benchmark KSE-100 Index lost over 3,700 points during the opening minutes of trading on Monday. At 10:40am, the benchmark index was hovering at 147,950.31, a decrease of 3,757.20 points or 2.48%. Selling was observed in key sectors, including automobile assemblers, cemen
Pakistan’s export sector is facing mounting pressure as shipments to key European markets show signs of stagnation, despite continued access under the GSP+ scheme. The Businessmen Panel of the Federation of Pakistan Chambers of Commerce and Industry has raised serious concerns over the declining momentum, warning that without immediate corrective measures, the country risks losing its competiti
Allied Bank continues to strengthen its competitive position through prudent risk management, strategic capital allocation, and diversification across investment and lending portfolios. Its steadfast commitment to operational excellence and digital transformation has not only elevated the customer experience but also reinforced the foundation for sustainable, long-term growth. Allied Bank’s net
Cotton prices in Pakistan have recorded an increase of one thousand rupees per maund, with ginners expressing expectations that rates may soon reach twenty thousand rupees per maund. Despite the price movement, trading volumes remained limited and market activity has yet to fully recover. Polyester fibre prices have also witnessed a significant rise, adding further pressure on the textile industry
Upward trend in prices of daily kitchen items was witnessed in the retail market, said a weekly market-survey conducted by Business Recorder here on Sunday. The survey noticed that rates of vegetables, fruits, cooking oil, live chicken/meat, flour, sugar, and grocery items have touched a new peak in the open market. Buyers consistently flayed provincial government and local administration ov