The Pakistan Stock Exchange (PSX) snapped a four-day losing streak on Friday, staging a strong recovery as institutional investors engaged in value-hunting despite widespread flooding in Punjab that threatened standing crops and the farm sector. The benchmark KSE-100 index gained 1,274 points, or 0.86 per cent, to close at 148,618. According to Topline Securities, the rally was driven mainly by
THE current wave of floods has ravaged vast tracts of farmland across the plains of central Punjab. Hundreds of thousands of mostly smallholders have been displaced, with floodwaters sweeping away their food and other crops. More agricultural land will be swallowed by the raging waters, surging southwards to converge with the Indus in the coming days. A major economic upheaval is already eme
The government on Sunday said it had retired about Rs1.133tr debt to the State Bank of Pakistan (SBP), taking advantage of the central bank’s record profits driven by the highest interest rates in the country’s history. “On August 29, 2025, the Debt Management Office (of the Ministry of Finance) executed another monumental repayment of Rs1.133 trillion,” the Ministry of Finance (MoF) said in a
The Finance Division announced on Sunday night that petrol price will remain unchanged, while the price of high-speed diesel (HSD) will be reduced by Rs3 per litre for the next fortnight. Petrol, used mainly in private cars, small vehicles, rickshaws and motorcycles, directly impacts the budgets of middle- and lower-middle-income groups. Most of the transport sector runs on HSD and its price
The Oil and Gas Regulatory (Ogra) on Sunday notified the new price of liquified petroleum gas (LPG) at Rs214.19 per kilogramme for the month of September, according to a notification available with Dawn.com. Last month, the price of LPG was set at Rs215.37 per kg for August, down from Rs233.10 in July — a decrease of Rs17.73 per kg. Consequently, the price of an 11.8kg domestic cylinder was fix