Business

Rarely have the stock investors sensed such tantalising blend of fear and greed. From the bottom of the pit at 27,229 points on March 25, the benchmark KSE-100 index has roared to close at 40,030 points on August 7. It represents incredible gains of 12,937 points or 48pc in less than five months. The meteoric rise of the index is …

ISLAMABAD: The government has decided to reform its social safety net in order to include the ‘missing middle’ segment of society, which falls outside the existing safety net programmes and are also excluded from the limited formal systems, it has been learnt. This reform requires introducing the next generation of interventions that move beyond social assistance and are able to …

US President Donald Trump is in a campaign mode, asserting that the energy sector is back on its feet. Visiting Midland, a region deep in the heart of the western Texas oil patch, Trump underlined: “And now we’re back”. A euphoric Trump proclaimed, “and now we’re just going to keep expanding. … We did a great job.” Not really, says CNN. As …

ISLAMABAD: The power tariff has been increased by 95 paisa per unit for the current month and Rs1.09 per unit for the next month under fuel adjustment charges. However, the new tariff will not be applicable to lifeline consumers. The National Electric Power Regulatory Authority (Nepra) has notified the changes in the approved tariff on account of variations in fuel …

KARACHI: The gaining streak at the stock market continued for seventh week in a row with the outgoing one recording a rise of another 772 points (two per cent) and the index settling above the 40,000 level at 40,030 points. Investors were relieved by the spectacular drop in active Covid-19 cases, resulting in opening up of the economy which underpinned …

ISLAMABAD: The World Bank, in its first comprehensive stock-taking of infrastructure services in Asia, says although electricity access in Pakistan is in line with regional averages of 92.5 per cent, the average interruption duration and frequency values are much higher. This is apparent from frequent power outages due to loadshedding. Pakistan suffers from outdated facilities and a complex distribution system …

ISLAMABAD: Moody’s on Saturday confirmed Pakistan’s B3 credit rating with a stable outlook as part of the review for downgrade, the agency said in a statement. Concurrently, the agency has also confirmed the B3 foreign currency senior unsecured ratings for The Third Pakistan International Sukuk Co Ltd, according to press statement received here which added that the associated payment obligations …

KARACHI: A jump of four dollars per ounce to $2,054 further pushed up domestic per tola and 10-grams gold rate to Rs132,000 and Rs113,169, showing a jump of Rs2,500 and Rs2,144 compared to Thursday’s rate, All Sindh Saraf Jewellers Association (ASSJA) stated. The per-tola and 10-gram price has risen by Rs43,850 and Rs37,595 respectively since January 1. In the above …

ISLAMABAD: The capital administration on Friday further eased restrictions on small businesses allowing them to open for an unlimited time throughout the week. However, business activities which are already closed will remain so for the time being. Deputy Commissioner Mohammad Hamza Shafqaat said as per the government decision, shops which were already opened five days a week had been allowed …

KARACHI: Barring Site industrial area, continuous rains in Karachi cut down production activities at industrial units by almost 50 per cent after traders pulled shutters way before the official shut down time of 7pm. The rains on Thursday and Friday also affected the arrival of goods and raw material from ports, export shipments while breaking the supply chain mechanism between …