After two consecutive sessions of a strong bull run, the Pakistan Stock Exchange (PSX) experienced a mixed trading day on Wednesday, marked by heightened volatility and profit-taking. The benchmark KSE-100 index recorded a sharp swing, rising as high as 885 points and dipping by 427 points during the session, before closing almost flat at 118,537 points, down 39 points or 0.03pc. The market
THE battle is over. Now brace for the fallout. This changes everything. Rarely have we seen fortunes reverse as rapidly as they just did. The military’s standing has skyrocketed, and a long line will now form outside the general’s door of people and groups and parties waiting their turn to shower him with honorifics. Banners are going up in cities, ads in newspapers, by business and industry gr
Telenor Group has voiced concerns about the ongoing delays in selling its local operations to Pakistan Telecommunication Company Ltd (PTCL), stating that these delays have resulted in a continuous decline in Telenor Pakistan’s customer base. In the first quarter report of the current calendar year, released in Norway, Telenor International stated that obtaining the necessary regulatory approval
Sales of cars, sports utility vehicles, pickups and vans clocked in at 10,596 units in April, reflecting a one per cent year-on-year (YoY) rise but a fall of 5pc month-on-month (MoM). The decline was mainly due to the highway closure in Sindh, which delayed deliveries, while YoY rise was supported by a more stable macroeconomic environment, lower interest rates, easing inflation, and improving
With up to 14 per cent reduction in regasified liquefied natural gas (RLNG) prices notified for the current month, the electricity rates for Karachi and petroleum prices across the country are expected to come down in coming days. With a reduction of Rs3 to Rs7 per litre in major oil products estimated for the next fortnight, the Oil and Gas Regulatory Authority (Ogra) on Tuesday notified a 14p