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News
KSE-100 Posts Sharp Gains Amid Broad-Based Buying
1+ mon, 4+ week ago (226+ words) The Pakistan Stock Exchange continued its winning run on Thursday as strong buying activity drove the benchmark KSE-100 Index up by more than 1.6%. The index started the session on a positive note, briefly touching a low of 175,672.33 before extending its…...
Gold edges higher amid reports of US-Iran ceasefire deal
3+ mon, 2+ week ago (213+ words) Gold prices moved slightly higher on Friday as investors weighed reports of a possible US-Iran ceasefire agreement amid growing concerns about inflation and the prospect of further US interest rate increases. Spot gold gained 0.3% to reach $4,505.57 per ounce by 04:22 GMT,…...
Bad news for electricity consumers using up to 200 units per month
4+ mon, 1+ week ago (237+ words) ISLAMABAD – The federal government has decided to discontinue the subsidy for households consuming up to 200 units of electricity per month in order to meet the conditions of the International Monetary Fund (IMF). Reports said the Pakistan has assured the International…...
Head of IMF says Iran war will permanently scar global economy even if peace is reached
5+ mon, 2+ day ago (649+ words) The head of the International Monetary Fund has warned that the Iran war will permanently scar the global economy even if a durable peace deal in the Middle East can be reached. In a speech delivered as the ceasefire in…...