Business

The Pakistan Stock Exchange (PSX) witnessed accelerated selling pressure on Tuesday as the benchmark index shed more than 2,300 points. According to the PSX website, the bourse stayed flat for 10 minutes after the opening bell. At 10:49am, the market began its gradual slide with the KSE-100 index plunging by 1186.19 points to sink to 64,018.48 from the previous close of …

In the face of rising global challenges like climate change and water scarcity, agriculture needs sustainable and innovative practices to secure our food supply and conserve precious water resources. One such practice that has gained prominence in rice-cultivated areas in recent years is “zero tillage,” a technique that transforms farming and helps conserve water, making it a beacon of hope …

Amidst the challenges of soaring energy prices, escalating impacts of climate change, and economic hurdles, Pakistan confronts a complex trilemma encapsulated by the three interlinked challenges of energy, environment, and economy. Presently, the country is grappling with inflated energy costs due to imported fuels, worsening local air pollution, economic instability, and challenges in delivering reliable electricity to a burgeoning population. …

As Pakistanis, it takes some effort to find hope in times like these. In the last few weeks, those associated with capital markets have found it in the spectacular rally of the KSE-100 index. Some may be excited about the two recent acquisitions: Aramco buying a 40 per cent stake in GO and Etisalat scooping up Telenor’s local operations. Others traditionally looked up to the flows …

The KSE-100 index, which is the benchmark index of the Pakistan Stock Exchange (PSX), has increased by roughly 18,000 points or 37 per cent over the last 10 weeks. The earlier high in the range of 52,000 points that was set in 2017 has been far exceeded by the recent run-up in prices. The performance of the KSE-100 index had …

It is noteworthy that the entire business community in Pakistan currently refrains from endorsing the idea of extending the caretakers’ tenure despite its recognition of the improved economic governance under Prime Minister Anwaarul Haq Kakar. The business community unanimously advocates for timely elections and a peaceful transfer of power to the next democratically elected government, emphasising the importance of stability …

COLOMBO: Sri Lanka’s economy grew in the September quarter, the central bank said on Saturday, its first expansion since a foreign exchange shortage forced a debt default last year. The Central Bank of Sri Lanka said the economy had grown by a modest 1.6 per cent in the quarter ending September, up from a contraction of 11.5pc a year earlier. …

KARACHI: The stock market observed a roller coaster ride in the outgoing week. Arif Habib Ltd said the highlight of the week was the policy rate announcement by the State Bank of Pakistan, which kept the key interest rate at 22 per cent in line with expectations. Moreover, there was a treasury bill auction, which saw no significant change in …

ISLAMABAD: Pakis­tan and China have signed several memoranda of understanding (MoUs) for a hefty investment of $10 billion in four major export-oriented sectors signifying a robust commitment to the country’s economic growth. The joint ventures (JVs) are aimed at establishing industries in key sectors including textiles, agriculture, food, and car spare parts manufacturing, Caretaker Commerce Minister Gohar Ejaz told Dawn on Saturday. …

KARACHI: In contrast to the last general elections held in 2018, politicians have yet not geared up buying sports utility vehicles (SUVs) and pickups, mainly double cabins, for use in public gatherings and rallies reflecting not only a lack of enthusiasm but more importantly very high prices. The overall sales of various locally made vehicles have already been on a …