ISLAMABAD: Pakistan’s trade deficit swelled by a quarter to $25.04 billion in the first eight months of the current fiscal year, official figures showed on Tuesday, underscoring the persistent strain on the country’s external accounts.
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Pakistan forms daily oil oversight committee after Hormuz disruption spurs price spike
By Staff Reporter ISLAMABAD: Pakistan will continue passing the impact of higher global oil prices directly to consumers under its existing fortnightly adjustment mechanism, the
UPDATED – KSE-100 suffers biggest one-day drop ever after PSX halt on Iran strikes
KARACHI: Pakistan’s benchmark stock index suffered its biggest one-day drop on record on Monday after a sharp early plunge triggered a market-wide trading halt, as escalating military conflict in the Middle East sent oil prices soaring and sparked panic selling.
Pakistan stocks crash 9 percent in five minutes as Iran conflict triggers PSX halt
KARACHI: Pakistan stocks opened to chaos on Monday, with the KSE-100 Index plunging almost 9 percent in the first five minutes of trade before the Pakistan Stock Exchange pulled the plug on all equity trading as Middle East conflict sent oil prices rocketing and triggered outright panic.
Pakistan raises petrol by Rs8, diesel by Rs5.16 a litre
ISLAMABAD: Pakistan raised retail fuel prices Saturday, lifting petrol by Rs8 a liter and high-speed diesel by Rs5.16 for the coming fortnight.
Pakistan consumer confidence climbs as right-track views triple, Ipsos survey shows
KARACHI: Consumer confidence in Pakistan rose four points over the past two years to 35.5, as fewer households cited inflation, poverty and unemployment as pressing worries and more saw the country heading in the right direction, an Ipsos survey showed.
Fuel prices poised for Rs4.50-Rs7 jump as global oil edges higher
KARACHI: The government is preparing to lift prices of all petroleum products by Rs4.50 to Rs7 a liter starting Saturday for the fortnight through March 15, the first broad increase in weeks, after benchmark crude posted modest gains amid regional tensions.
PSX tops 500,000 investors for first time on retail surge
KARACHI: The number of investors at the Pakistan Stock Exchange crossed the half-million mark for the first time, the National Clearing Company of Pakistan said Thursday, capping a multi-year expansion fueled by strong returns and steady inflows of new retail accounts.
IMF mission kicks off Pakistan bailout review in Karachi with $1.2 billion at stake
KARACHI: An International Monetary Fund staff mission led by Iva Petrova began technical-level discussions with the State Bank of Pakistan in Karachi on Wednesday, opening the third review of the country’s $7 billion Extended Fund Facility and the second review of its $1.1 billion Resilience and Sustainability Facility.
ECC lowers wheat reserve prices to sell 500,000 tons after earlier bids fell short
ISLAMABAD: The Economic Coordination Committee of the cabinet approved the sale of 500,000 metric tons of wheat held by the Pakistan Agricultural Storage and Services Corp. through competitive bidding at revised reserve prices after an earlier attempt failed due to lower bids, the Finance Division said.