Business News
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PSX continues rally as benchmark index jumps past 152,000 | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Wednesday, with the benchmark KSE-100 index surging 1,317.85 points, or 0.87%, to 152,293.33 during intra-day trading. The index touched an intra-day high of 152,383.82 and a low of 151,320.49 during the ongoing session. Market participation remained strong, with trading volume recorded at 139.4 million…
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Govt maintains petrol price, cuts diesel rate by Rs3 per litre
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[ad_1] Employees at a fuel station attend to their customers in Islamabad, Pakistan, on February 16, 2022. — AFP/File The government has maintained the petrol price and cut the diesel by Rs3 per litre for the next 15 days, as per an official notification issued on Sunday. The new prices will be effective from September…
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Textile policy to make industry competitive | The Express Tribune
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[ad_1] ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan has announced that the government is finalising a comprehensive textile and apparel policy and a national industrial policy for the next five years aimed at making Pakistan’s industry regionally competitive, removing trade barriers and ensuring long-term export growth. In a meeting with Aamir Fayyaz Sheikh, CEO…
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India’s Russian oil benefit slashed by US tariffs
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[ad_1] US President Donald Trump and India’s Prime Minister Narendra Modi talk as they arrive for a joint news conference after bilateral talks at Hyderabad House in New Delhi, India, February 25, 2020. — Reuters New US tariffs on Russian oil, effective Wednesday, are expected to erase the financial benefits India reaped from discounted imports…
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SBP buys $7.8 billion over 12 months | The Express Tribune
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[ad_1] KARACHI: The State Bank of Pakistan (SBP) carried out net foreign exchange interventions amounting to $7.8 billion between June 2024 and May 2025. “The central bank purchased $522 million worth of foreign currency (US dollar) from the inter-bank forex market in May 2025,” noted Topline Securities. This brings last 12 months (June 2024 to…
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Aurangzeb affirms govt resolve to accelerate digital investment
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[ad_1] Finance Minister Muhammad Aurangzeb speaking at an event in Islamabad, on August 23, 2025. — Facebook/Ministry of Finance Finance Minister Muhammad Aurangzeb on Saturday said that the government was committed to create an enabling environment for digital investment to attain economic growth and social prosperity. Speaking at an event in Islamabad, the finance czar…
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ADB to provide $410m package for Reko Diq mine | The Express Tribune
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[ad_1] ISLAMABAD: The Asian Development Bank (ADB) will provide a $410 million financing package to help develop the Reko Diq copper mine, one of the world’s largest untapped deposits, which will be operated by Barrick Gold, two sources said on Thursday. Pakistan hopes the project will serve as a springboard to draw more foreign interest…
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Bulls dominate as stock market hits record 150,000 milestone
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[ad_1] A broker talks on phone as he looks at an index board showing the latest share prices at the PSX in Karachi on February 10, 2023. — AFP Stocks smashed through the 150,000 barrier on Tuesday as upbeat forecasts and energy reforms lifted sentiment. “Mutual funds liquidity is rerating the market. Plenty of cash…
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SBP working on exchange, interest rates for stability: says FinMin | The Express Tribune
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[ad_1] Federal Finance Minister Muhammad Aurangzeb has stated that the State Bank of Pakistan is working on the exchange rate and interest rate, and the situation is expected to improve further. The federal finance minister inaugurated the Job and Education Expo at the Expo Center, Karachi, organized by the Pakistan Hindu Council. At the expo,…
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High-speed diesel price drops Rs12.84 per litre in latest fuel review
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[ad_1] A worker holds a fuel nozzle to fills fuel in a car, after the government announced the increase of petrol and diesel prices, at petrol station in Karachi on September 16, 2023. — Reuters In line with recent fluctuations in the international fuel market, the federal government on Saturday reduced the price of high-speed…
