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PSX rebounds sharply as KSE-100 gains nearly 1,600 points

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Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: Investor sentiment turned noticeably positive during Tuesday’s session, with the Pakistan Stock Exchange (PSX) staging a strong rebound after volatility a day ago. Encouraged by … Read more

WB trims $400m program rating

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[ ISLAMABAD: The World Bank has downgraded the $400 million Pakistan Raises Revenue programme to “moderately satisfactory” due to slow progress towards achieving even the downwardly revised goals of enhancing revenues and simplifying the tax system. The Washington-based lender’s decision to downgrade the loan programme by a notch once again underscores that increasing taxes and … Read more

OpenAI files for US IPO after Anthropic as AI giants head to public markets

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OpenAI did not disclose size or terms of offering, and said timeline has ‌not yet been determined The case illustrates the power of AI technology to damage reputations and shape public opinion long before the facts have emerged.. PHOTO: REUTERS ChatGPT maker OpenAI confidentially filed for a US initial public offering recently, the company said on … Read more

Parliamentary affairs minister says budget likely to be presented on June 12

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[ Says summaries have been sent for convening sessions of both houses of Parliament on June 10 Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhry. Photo: Radio Pakistan Parliamentary Affairs Minister Tariq Fazal Chaudhry on Tuesday said that summaries had been sent for convening sessions of both houses of Parliament on June 10, ahead of … Read more