Tribune
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PSX touches new heights as rupee continues downward trend | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and crossed the 55,000 points barrier for the first time in history while the local currency slumped to a five-week low of Rs287.5 against the US dollar in the inter-bank market during morning trading hours on Friday. PSX benchmark KSE-100 Index touched 55,268 points, soaring…
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Punjab govt exempts IT sector from smog restrictions | The Express Tribune
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[ad_1] 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 move to mitigate unintended consequences on various businesses, the Punjab government, through order NO.SO(G)/P&SHD/4-1/2023,…
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Gas price hike notified | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s gas and power regulators on Wednesday jacked up the prices of the two significant necessities, making life further difficult for the inflation-hit people of the country. The Oil and Gas Regulatory Authority (Ogra) notified a substantial increase in the prices of natural gas effective from November 1 this year, “in accordance with…
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PSX invites entrepreneurs for low-cost trading rights | The Express Tribune
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[ad_1] KARACHI: Pakistan Stock Exchange (PSX) has introduced “online only broker” category by inviting all entrepreneurs including start-ups and fintechs to apply for low-cost trading rights and licensing. The settlement of trades through the online only broker will be done by an e-clearing company as the new stockbroker category will end physical interaction. In a…
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Rupee shows signs of stabilisation | The Express Tribune
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[ad_1] KARACHI: The Pakistani rupee showed resilience on the thirteenth consecutive working day of its losing streak, indicating a potential stabilisation near the current level, slightly below Rs287 against the US dollar in the interbank market on Wednesday. Data from the State Bank of Pakistan (SBP) revealed that the domestic currency declined by 0.18%, or…
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Steel rebar prices raised up to Rs5,000 per ton | The Express Tribune
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[ad_1] KARACHI: The long steel manufacturing industry has increased rebar prices up to Rs5,000 per ton with effect from Tuesday, a development that is likely to slow the pace of construction activities which are already under stress due to high inflation. Citing industry data, Topline Securities’ Senior Research Analyst Fahad Hussain Khan told The Express…
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Delegation visits industrial park to foster cooperation | The Express Tribune
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[ad_1] BEIJING: A delegation of 30 participants from eight Belt and Road countries, including Pakistan, Turkey and Zimbabwe, recently visited the Wanqing Butterfly Orchid Industrial Park. The visit was part of the Belt and Road Agricultural Market System Construction Training Programme, aimed at fostering cooperation and knowledge exchange in the field of floral cultivation and…
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PSX crosses 54,000 points threshold as rupee tumbles | The Express Tribune
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[ad_1] KARACHI: The Pakistan Stock Exchange (PSX) hit a new all-time high and surpassed the psychological barrier of 54,000 during the early hours of trading on Tuesday amid the ongoing ‘timely’ IMF review of the domestic economy under its $3 billion loan programme. However, later in the day, it receded below the barrier on profit-selling. The…
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KE plans ambitious 640MW renewable energy initiative | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric (KE), the primary electricity provider for Karachi, is advancing a strategic renewable energy plan that could reshape the city’s power landscape. The company has taken significant steps towards adding 640MW of renewable capacity to the local grid. KE’s revised Requests for Proposals (RFPs) submitted include four renewable energy projects, all in line…
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How digital transformation impacts businesses? | The Express Tribune
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[ad_1] KARACHI: E-commerce is already growing rapidly in Pakistan, and it is expected to continue to grow in the coming years. This will create new opportunities for businesses to sell their products and services online. Artificial intelligence (AI) is a rapidly developing technology that has the potential to revolutionise many industries. In Pakistan, AI is…
