The Pakistan Stock Exchange (PSX) began the week on a bullish note, with the benchmark KSE-100 Index advancing more than 500 points in early trade on Monday. By 10:25am, the index was recorded at 158,570.89, reflecting an increase of 533.52 points or 0.34%. Strong buying was seen across key sectors including automobiles, cement, banks, oil…
The Pakistani rupee continued to maintain its momentum against the US dollar with marginal appreciation in the inter-bank market on Monday. Pakistani rupee against dollar trading closed at 281.45. It registered a gain of Rs0.01 against the US dollar. This has been a continuous gain for the 32nd sessions against the greenback. Since the morning,…
The power sector circular debt has jumped by Rs 47 billion during July 2025, primarily driven by power distribution companies (DISCOs) underperformance. The poor performance of Discos led to a loss of Rs 87 billion on account of low recovery and losses against Rs 42 billion during the same period last year. Power sector circular…
The National Electric Vehicle Policy in Pakistan sets a goal of 30 percent of new car sales by 2030 to be EVs or plug-in hybrids. The plan includes 3,000 public charging stations nationwide by the same year. Current subsidies stand at Rs65,000 for two-wheelers and Rs400,000 for three-wheelers, with potential expansion to four-wheelers under review….
Britain, Canada, and Australia have formally recognised Palestine as a state, marking one of the most significant shifts in Western policy in decades and drawing a furious response from Israel. The coordinated move, later joined by Portugal, comes as pressure mounts over the war on Israel in Gaza, which began after the October 7, 2023,…
MUGHAL announced its 4QFY25 result today, where the company recorded consolidated profit of Rs440mn (EPS of Rs1.31), down by 28% YoY, while up 94% QoQ. The result came higher than expected due to higher-than-expected gross margins. The company recorded gross margins of 9.75% in 4QFY25 compared to 6.48% in 3QFY25 and 9.21% in 4QFY24. Gross…
PPL has announced its 4QFY25 result, posting earnings of Rs19.3 billion, up by 8% YoY and down 11% QoQ, primarily due to lower hydrocarbon production and a decline in oil prices. This brings FY25 profits to Rs 92.0 bn (EPS of 33.82), down by 19% YoY due to the reasons mentioned above. Exploration costs stood…
The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), has announced the availability of the last remaining retail and commercial units at CBD Walk in CBD Punjab Quaid District, a flagship lakefront development that has already been unveiled and successfully balloted. Following the overwhelming response to earlier…
The Jazz overbilling scam worth over Rs 6 billion has landed in the Public Accounts Committee (PAC) for further probe and action. Lawmakers have questioned Rs6bn recovery from consumers, poor service quality, and delays in telecom sector reforms. The Senate Standing Committee on Information Technology and Telecommunications, chaired by Senator Palwasha Khan, on Friday scrutinized…
Tired of snoopers thinking your phone’s an open book? Time to flip the script. The Infinix HOT 60 Series is designed for Gen Z legends who prioritize privacy. With Dual-Layer App Lock, your apps don’t just lock—they also use decoys. Even if someone glimpses your PIN, they’re met with a dead end. And you can…