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PSX slightly up after early rally loses steam

[ KARACHI: Pakistan Stock Exchange (PSX) ended the trading session on Tuesday with a thin increase as profit-taking and uncertainty about geopolitical developments wiped off most of the early gains, which were sparked by a strong rally over hopes of a ceasefire between the US and Iran. The benchmark KSE-100 index surged 2,442 points to … Read more

Gold gains Rs4,700/tola on US-Iran truce hopes

[ International market surges over 1% on easing tensions, softer Fed stance; rupee inches up KARACHI: Gold prices in Pakistan rose sharply on Tuesday, mirroring gains in the international market, where the precious metal climbed more than 1%. The uptick came on hopes of a diplomatic breakthrough between the United States and Iran that could … Read more

Dar Reaches Manila to Attend 33rd ASEAN Regional Forum Ministerial Meeting

Programme includes participation in ARF Plenary Meeting, bilateral meetings with counterparts on sidelines Foreign Minister Ishaq Dar Reaches Manila to Attend 33rd ASEAN Regional Forum Ministerial Meeting. PHOTO: FO Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in Manila, Philippines, on Wednesday to participate in the 33rd ASEAN Regional Forum (ARF) ministerial meeting, according … Read more

Maritime minister woos Chinese firms

[ ISLAMABAD: Pakistan has invited Chinese investors to expand investment in its ports, logistics and maritime sectors, with the government committing to transform the country into a regional transit trade, logistics and industrial hub, according to a statement on Tuesday. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry made the pitch at the Regional … Read more

First PSX listing of new fiscal year approved

[ KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance, circulation and publication of prospectus for the initial public offering of Tasdeeq Information Services Limited, marking the first IPO clearance for fiscal year 2026-27. The approval comes after the regulator’s new management, which assumed office in February 2026, accelerated the processing … Read more

Govt mulls fresh austerity measures

Among the proposals under consideration is a reduction in the number of weekly working days EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under … Read more

Pakistani elected IAF vice president

[ LAHORE: Former Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) chairman Ijaz A Khokhar has been elected vice president of the International Apparel Federation (IAF), becoming the first Pakistani to hold the position. The announcement was made during the IAF General Assembly, where members unanimously approved his nomination, according to PRGMEA. The development comes … Read more