[ KARACHI: Pakistan Stock Exchange (PSX) closed the week modestly higher on Friday as the benchmark KSE-100 index gained almost 400 points to settle near 175,330. The rebound trimmed the week-on-week decline to 1.33% after a range-bound session in which investors largely stayed on the sidelines. Arif Habib Limited (AHL), in its report, called it … Read more

[ KARACHI: Pakistan’s growing dependence on imported fuel is putting severe pressure on its foreign exchange reserves, making immediate investment in renewable energy essential, said Federal B Area Association of Trade and Industry President Sheikh Muhammad Tehseen. He said Pakistan’s oil imports had increased by 5.76% annually, while the country spent more than $16 billion … Read more

[ ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday said the government was committed to maintaining macroeconomic stability and steering the economy from stabilisation towards sustainable growth. He also stressed the need to stay on course in structural reforms and strengthen the private sector’s role through privatisation and public-private partnerships (PPPs). … Read more

[ ISLAMABAD: The import of sugar and then its export to dispose of unsold stocks, which is happening now, have raised serious questions about data maintenance relating to the commodity’s availability, stocks and domestic consumption. This has also sparked questions about the role of the Sugar Advisory Board and the food ministry, which deal with … Read more