Prime Minister Shehbaz Sharif ordered an inquiry into the alleged procurement violations in a dredging contract awarded by the Karachi Port Trust (KPT). Documents reveal that KPT recommended awarding the dredging contract to a Chinese company despite the technical committee’s concerns against this firm. A four-member committee has been formed, led by the chairman of PM’s Inspection Commissio
Bulls dominated proceedings at Pakistan Stock Exchange (PSX) on Monday as investors took encouragement from relative political stability and a marked improvement in macroeconomic indicators. Market players resorted to cherry-picking of stocks, helping the KSE-100 index to add over 550 points to its tally. Current account surplus, a significant increase in foreign direct investment (FDI) and exp
The Senate Standing Committee on Power, on Monday, examined the government's plan to divide National Transmission & Despatch Company (NTDC) into smaller units for enhanced efficiency and functionality. The Senate Standing Committee on Power, chaired by Senator Mohsin Aziz, was convened at Parliament House. The meeting addressed a public petition filed by the General Secretary of the All Pakista
Donald Trump's newly created cryptocurrency soared on Monday to more than $10 billion in market value, drawing in billions in trading volume, while bitcoin's price hit a record-high hours ahead of the US president-elect's return to the White House. Launched on Friday, Trump's "meme coin", also known as $TRUMP, soared from less than $10 on Saturday morning to as high as $74.59 before giving up s
After a decline in the previous trading session, gold prices rebounded on Monday, aligning with an uptick in international gold rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs500, reaching Rs282,900. Similarly, the price for 10-gram gold rose by Rs429 to Rs242,541. This follows a Rs200 decrease per tola recorded on Sat