Karachi: In a move likely to increase the financial burden on citizens, the government has raised petrol and diesel prices by Rs4 amid ongoing economic challenges exacerbated by recent devastating floods. These natural disasters have inflicted losses …
Karachi: The Pakistan cement industry is currently experiencing a significant shift in its valuation metrics, sparking interest among investors and analysts alike. With an enterprise value (EV) per ton standing at US$55.6, the sector presents an intri…
Karachi: In a significant breakthrough for Pakistan’s energy sector, the Oil and Gas Development Company Ltd (OGDC) has announced a major discovery of oil and gas at the Bitrism East-1 well in District Khairpur, Sindh.
The exploratory well, which w…
Islamabad: In a groundbreaking development in Pakistan’s telecommunications landscape, the Competition Commission of Pakistan (CCP) has sanctioned the acquisition of Telenor Pakistan by Pakistan Telecommunication Company Limited (PTCL). This pivotal a…
Islamabad: The Karachi Stock Exchange (KSE)-100 index has once again demonstrated its upward momentum, closing at a promising 165,494, marking an impressive gain of 1,646 points day-over-day. This bullish trend was underpinned by trading volumes reach…
Islamabad: In a stark revelation, Mian Zahid Hussain, a prominent figure in Pakistan’s business community, has highlighted a troubling increase in poverty, as reported by The World Bank. The report points to policy failures and the breakdown of an uns…