sector
-
Cement sector sends PSX to record | The Express Tribune
.
KARACHI: Pakistan Stock Exchange (PSX) on Wednesday soared to a new record high as it crossed the 67,700-point barrier with a surge of more than 850 points on the back of investor enthusiasm about the potential policy rate cut and…
-
PSX soars to new high of 67,756 points fuelled by cyclic sector
.
A broker looks at an index board showing the latest share prices at the Pakistan Stock Exchange in Karachi. — AFP/File Pakistan’s stock market scaled a new peak on Wednesday as majority of investors cheered the government’s privatisation push amid…
-
Gas crisis looms as $1bn diverted to domestic sector | The Express Tribune
.
ISLAMABAD: The gas sector braces for another blow as approximately $1 billion is earmarked for diverting expensive RLNG to the domestic sector in a bid to alleviate the gas crisis anticipated in the fiscal year 2024-25. State-owned oil and gas…
-
Moody’s upgrades Pakistan’s banking sector outlook to ‘stable’ | The Express Tribune
.
Moody’s Investors Service has upgraded the outlook of Pakistan’s banking sector from ‘negative’ to ‘stable’, citing easing macro challenges and fiscal pressures. In its report, the agency highlighted the solid profitability and stable funding of banks, which provided a buffer…
-
Transmission sector reforms and load-shedding | The Express Tribune
.
LAHORE: Electricity load-shedding is back in the last couple of weeks. Urban areas are observing around four to five hours of load-shedding, while the situation is worse in rural areas. The demand for electricity is around 14,500 megawatts while the…
-
Despite progress, challenges persist in agriculture sector | The Express Tribune
.
LAHORE: Pakistan’s agriculture sector had been in the limelight throughout calendar year 2023 but it did not make any significant improvement despite some supportive measures and relief packages announced by the government. Battling with the aftermath of massive flooding in…
-
Finance Ministry opposes new power sector management proposal | The Express Tribune
.
ISLAMABAD: The finance ministry has not supported an official proposal to appoint senior armed forces officers as heads of new Performance Management Units (PMUs) in the rotten power distribution companies to improve their management. But the finance ministry backed the…
-
Financial misconduct claims in fertiliser sector, CPPs | The Express Tribune
.
ISLAMABAD: Government officials are levelling accusations against fertiliser manufacturers, claiming that they are profiting at the expense of farmers while enjoying the benefits of cheaper gas. A recent Economic Coordination Committee (ECC) meeting highlighted a disparity in the intended purpose…
-
Punjab govt exempts IT sector from smog restrictions | The Express Tribune
.
ISLAMABAD: The Punjab government has responded to the urgent plea of the Pakistan Software Houses Association for IT & ITeS (P@SHA) by exempting the IT sector, including call centres and international IT centres, from the recent smog-related restrictions. In a…
-
Export competitiveness in auto sector | The Express Tribune
.
KARACHI: The automobile sector in Pakistan is facing the brunt of the current economic crisis. The balance of payments-related challenges, which have led to not only restrictions on imports but also an economic slowdown, have hurt sales of new automobiles…
