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PSX sheds over 300 points in midday trade

KARACHI: The Pakistan Stock Exchange (PSX) traded in a volatile range on Monday, with the benchmark KSE-100 Index surrendering early gains as investor sentiment remained cautious amid uncertainty surrounding the fragile United States-Iran ceasefire and rising global oil prices. As of midday, the index stood at 179,257.01, down 314.25 points or 0.19%. The market opened … Read more

KPT sets cargo handling record

ISLAMABAD: ISLAMABAD Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Sunday said the Karachi Port Trust (KPT) had achieved the highest annual cargo handling volume in its 138-year history, describing the milestone as a reflection of the growing maritime sector and improved port efficiency. The minister said KPT had surpassed its previous all-time cargo … Read more

Converting goodwill into growth

[ KARACHI: The global recognition of Pakistan’s recent geopolitical goodwill has undoubtedly elevated the country’s international standing under the current civil-military partnership. However, policymakers must now urgently accelerate efforts to convert these diplomatic triumphs into sustainable economic growth. While analysts are already crunching the numbers on the immediate advantages – such as increased trade with … Read more

GDP a misleading measure of progress

[ KARACHI: For the past few years, we have been celebrating this so-called period of “stabilisation”, characterised by the temporary compression of current account deficits, primary fiscal surpluses and corrections of inflationary pressures under multilateral adjustment programmes. This stabilisation, which remains highly vulnerable to geopolitical shocks, global commodity spikes and climate catastrophes, has been achieved … Read more