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Stocks open higher as KSE-100 gains over 500 points

Positive momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during intra-day trading on Tuesday. At 12pm, the benchmark index was hovering at 182,876.49, an increase of 536.11 points or 0.29%. Buying momentum was observed in key sectors, including automobile assemblers, cement, fertiliser, oil and gas exploration companies, OM

IMF programme: Country committed to achieving 1.6pc of GDP surplus: Aurangzeb

Federal Minister for Finance and Revenue Muhammad Aurangzeb on Monday reaffirmed Pakistan’s commitment to achieving a general government primary surplus of 1.6 percent of Gross Domestic Product (GDP) under the International Monetary Fund (IMF) programme. In a written response to a questions asked by lawmakers in National Assembly, the minister outlined the fiscal measures being adopted to meet

Honda reports more than 60% year-on-year drop in quarterly operating profit

Honda Motor said on Tuesday its third-quarter operating profit fell 61.4%, marking a fourth consecutive year-on-year decline, as U.S. import tariffs and weakening demand for electric vehicles weighed on results. Japan’s second-biggest automaker after Toyota Motor reported operating profit of 153.4 billion yen ($987.07 million) for the period, missing the 174.5 billion yen average forecast from

Dar says committed to meeting GSP Plus obligations

Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar reaffirmed Pakistan’s commitment to fulfilling all obligations necessary to expand trade with the European Union (EU) under the GSP Plus scheme. Ishaq Dar said this at a high-level inter-ministerial meeting held here on Monday to review measures aimed at strengthening Pakistan’s economic and trade cooperation with the bloc. H

PM announces USD1bn investment in AI by 2030

Pakistan on Monday formally unveiled a $1 billion national investment plan for artificial intelligence and adopted the landmark Islamabad Declaration on Sovereign AI as the Indus AI Summit 2026 concluded at the Jinnah Convention Centre, marking a decisive shift from AI policy planning to implementation. The summit, organised by the Ministry of Information Technology and Telecommunication as the