Business
The Pakistan Stock Exchange (PSX) opened on a positive note Friday, with the KSE-100 Index crossing the 147,000 level after Moody’s upgraded Pakistan’s credit rating. By 10:40am, the benchmark index had gained 957.05 points, or 0.65%, reaching 147,486.35. The rally was
Business
The Economic Policy & Business Development Think Tank (EPBD) has released its inaugural report formulating a Wealth Perception Index 2025, listing Pakistan’s top 40 public and private sector conglomerates, including the first-ever compilation of prospective dollar-billionaire business groups in the country. The Index, launched on Pakistan’s
Business
High-speed diesel (HSD) rates in Pakistan are projected to fall by around Rs11.50 per litre from August 16, while petrol prices may rise by approximately Rs1.40 per litre, according to industry estimates. Read more: Global Oil Drop to Bring Relief at the Pump The anticipated changes, based
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A recent audit report has disclosed that five countries: Iraq, Bangladesh, Sri Lanka, Sudan, and Guinea-Bissau, collectively owe Pakistan $304.5 million in unpaid export credits, some dating back to the 1980s. Read more: Global Oil Drop to Bring Relief at the Pump According to the Auditor General of
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Motorists in Pakistan may soon see further relief at fuel stations, with petrol and diesel prices expected to drop again from 16 August. The anticipated cut follows a steady decline in global crude oil prices over the past 11 days. US benchmark West Texas Intermediate (WTI) has fallen by $5.
Business
inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to offer its driver community discounts of up to 40% on a wide range of diagnostic tests. The initiative is part of inDrive’s commitment to supporting the health and well-being of its drivers. With
Business
The closure of the Utility Stores Corporation has left its employees unpaid, with more than a third of August already gone without salaries. Workers say they are facing financial hardship after the federal government shut down the operations of corporation on 31 July. Syed Arif Hussain Shah, Secretary General of
Business
Private sector sentiment in Pakistan has strengthened to levels not seen since late 2021, Gallup Pakistan’s Q2 2025 business confidence survey shows. The findings indicate improving views on the country’s overall direction and the government’s economic management. Between 23 and 27 July, Gallup gathered responses from 524
Business
The Pakistani rupee recorded a modest rise against the US dollar in the inter-bank market during the previous week, appreciating by Re0.25, or 0.09 percent. State Bank of Pakistan (SBP) data showed the currency settled at 282.47 by the week’s close, compared to 282.72
Business
The Pakistan Stock Exchange (PSX) began the week with gains, as the benchmark KSE-100 Index added more than 300 points in early trading on Monday. At 10:25am, the index reached 145,726.96, an increase of 344.17 points, or 0.24%. Buying activity was concentrated in sectors
Business
Karachi: Faysal Bank Limited has announced a special Independence Day campaign, offering customers the opportunity to purchase Atlas Honda motorcycles on flexible installment plans with a limited-time 0% profit option. The promotion is valid until August 31, 2025 and is exclusively available through the bank’s digital platform, Faysal
Business
Meezan Bank, in collaboration with Atlas Honda, has introduced a Shariah-compliant financing plan for the newly launched Honda ICON e: electric scooter under its popular Meezan Apni Bike program. The financing package offers 0% profit over the invoice value with an easy installment plan of up to 24 months,