Business News
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KSE-100 jumps to highest since 2017 on positive cues
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[ad_1] Pakistani stockbroker monitors the latest share price development during a trading session at the Pakistan Stock Exchange in Karachi, on March 13, 2023. — INP Bulls continued their charge on the Pakistan Stock Exchange as the benchmark KSE 100-share…
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PSX hits six-year high, crosses 49,000 points | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market maintained a powerful rally on Thursday and crossed the threshold of 49,000 points after a gap of six years. Meanwhile, the Pakistani rupee also made a smart recovery of Rs1.55 to Rs287.83 against the US…
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US investment hits decade high | The Express Tribune
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[ad_1] LAHORE: US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for the past 20 years and in the most recent fiscal year, its direct investment increased 50%, reaching the highest…
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Another possible petroleum price hike looms over August | The Express Tribune
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[ad_1] KARACHI: Pakistan may witness another round of petroleum price hikes ranging from Rs12 to Rs22 per litre for the last 15 days of August, as global commodity prices continue to rally. Head of Research at Arif Habib Limited, Tahir…
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Fitch lowers US credit rating over growing debt burden
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[ad_1] A ageneral view of the Fitch Ratings headquarters building in New York. — AFP/File WASHINGTON: Fitch stripped the United States of its stellar credit rating, downgrading by one point and blaming the rising federal debt load and an “erosion…
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This is how extreme heatwaves hit small businesses and workers hard in July
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[ad_1] A woman wears a face covering for protection from the sun in Beijing on Wednesday. AFP/File Record-breaking heatwaves swept across the United States in July, causing significant challenges for small businesses and their employees. A recent report by the…
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Inflation slows to 28.3% for second month in a row
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[ad_1] A woman checks the smell of rice at a market in Karachi on June 10, 2020. — AFP The headline inflation witnessed a decline for the second consecutive month in July, the Pakistan Bureau of Statistics (PBS) data revealed…
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PLL skips awarding tender to Trafigura | The Express Tribune
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[ad_1] SINGAPORE: Pakistan LNG Limited (PLL) did not award a tender to commodities trader Trafigura, which had offered bids to deliver two spot cargoes of liquefied natural gas (LNG) to the South Asian nation next year, an industry source said…
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Russian crude imports face constraints | The Express Tribune
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[ad_1] KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite attractive prices, hampered by a shortage of foreign currency and limitations at its refineries and ports, officials and analysts…
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Petrol, diesel prices increased massively due to ‘IMF conditions’
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[ad_1] An employee of a gas station fills the tank of a motorbike in Karachi, on July 16, 2021. — AFP The federal government has decided to increase the price of petroleum products in Pakistan by Rs19.95 per litre for…
