Senator takes up overbilling in power sector in committee meeting
Minister mentions discussions about reducing profit margins of IPPs, suggesting good news soon
FINANCE
Pakistan Stock Exchange named best in the world by Bloomberg
Acknowledgment comes at a time when foreign investment in stock market has surged significantly
PSX achieves historic milestone, crosses 82,000-point threshold
After experiencing periods of volatility, PSX regains momentum, showcasing remarkable recovery in investor confidence
Pakistan needs $100bn in external financing by 2027 amid financial challenges
Senate committee told that in last five years, there was an average annual increase of 14% in loans
Pakistan will have to pay Rs49 trillion in local loans by 2030
Report says loans taken through investment bonds, treasury bills, sukuk, savings schemes
US weekly jobless claims at four-month low; housing market on back foot
Economic growth estimates for third quarter are around 3% annualized rate
Pakistan’s foreign reserves exceed $14 billion
Economists hail this increase as a positive sign for Pakistan's economy
Crypto star Waqar Zaka scores $15,000 profit live amid FOMC meeting
Zaka’s live trading unfolded in real-time, allows his audience to witness his calculated moves
Pakistan's petroleum sector sees growth with SIFC support
Four major oil and gas companies selected for asset management under Pakistan Sovereign Wealth Fund
PSX hits record high amid positive economic trends, surpasses 82,000 points
KSE-100 Index reaches historic high of 82,000 points, with index skyrocketing by 1,539 points
Gulf central banks cut key interest rates, mirroring Fed move
Gulf region's oil and gas exporters tend to follow Fed's lead on rate moves
Oil prices fall as US rate cut fails to boost market sentiment
The US central bank cut interest rates by half a percentage point on Wednesday, suggesting the Fed saw a slowing job market.
Dollar and stocks gain as Fed charts 'soft landing' path
Fed's cut expected to support spending and US economy, encourage other central banks to cut rates
SBP reports 11.5% growth in banking sector for first half of 2024
Predicts easing market pressure with gradual economic recovery in 2024
Pakistan’s current account swings to $75m surplus in August
Current account deficit in July stood at $246 million
CCP cracks down on unfair business practices
Recovers Rs70 million in fines from industries including sugar, cement, cooking oil, and beverages
Punjab's 3-phase electricity users excluded from Rs14 per unit relief
LESCO sources say relief of Rs14 per unit is now only applicable to those with single-phase meters
Pakistan’s exports rise by 14.42% in two months
From July to August, total export volume exceeded $5 billion with food products playing a key role in the rise
White Oil Pipeline Project advances with SIFC support
477-kilometer pipeline to enhance Pakistan's energy infrastructure
Pakistan's food import bill drops by 18% as consumption declines
Total food import bill falls to $1.06 billion with most significant decline seen in import of milk
Chinese firms to invest in Pakistan's textile industry with SIFC support
Two-day expo attracts international companies, showcasing potential for sector growth
IMF to discuss Pakistan’s $7 billion loan request on Sept 25
New IMF loan program is designed to span 37 months
Sindh introduces biometric verification for vehicle registration
Both buyer, seller will need to undergo biometric authentication to complete transfer of ownership
Gold prices witness record increase, reach all-time high
Silver prices remain stable at Rs2,950
Pakistan and Turkmenistan to sign agreement on Gwadar port access
CPEC continues to boost Pakistan's economy, expands regional connectivity
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