KARACHI: The Pakistan Stock Exchange’s benchmark index tumbled more than 5,400 points on Monday, capping a volatile session marked by persistent selling as investors weighed escalating US-Iran tensions and fresh uncertainty around American trade policy.
top-economy
Pakistan’s debt interest payments jump 80 percent, but not due to costly borrowing, ministry says
ISLAMABAD: The Finance Ministry rejected reports that the country pays interest rates as high as 8% on external loans, calling such assertions misleading and stressing that the bulk of its public debt comes from concessional financing.
Pakistan power output hits record as industrial package spurs demand
KARACHI: Pakistan’s electricity generation climbed to an all-time monthly high in January as lower tariffs and a government subsidy program lured more industrial users onto the national grid, offsetting higher costs for captive power plants.
IMF sees economic stability in Pakistan before key review talks
KARACHI: Pakistan’s efforts to overhaul its economy under a $7 billion bailout from the International Monetary Fund have delivered tangible gains, stabilising growth and restoring investor confidence after years of turmoil, a senior IMF official said.
Pakistan signs deal with US to revamp NYC’s Roosevelt Hotel
ISLAMABAD: Pakistan and the US have inked a memorandum of understanding to jointly pursue the redevelopment of New York’s historic Roosevelt Hotel, a move that could unlock significant value from one of Islamabad’s most prized overseas assets while bolstering bilateral economic relations.
Pakistan IT exports rise 19 percent to $2.61 bln in July-Jan, data shows
KARACHI: Pakistan’s information technology exports climbed 19% to $2.61 billion in the first seven months of the fiscal year ending June 2026, driven by higher earnings from software firms, remote workers and freelancers serving global clients, data from the central bank showed.
Pakistan on track to meet most IMF targets ahead of key review, brokerage says
KARACHI: Pakistan is on track to satisfy nearly all of the International Monetary Fund’s quantitative performance criteria under its current bailout program, according to brokerage Topline Securities, a development that could smooth the path for the lender’s upcoming review and the release of further funds.
Pakistan cuts factory power prices by Rs4.04 per unit
ISLAMABAD: The government on Monday formally notified an average reduction of Rs4.04 per unit in electricity tariffs for all industrial consumers, effective from Feb. 11, while directing the power regulator to restore contractual rights for existing net-metered solar users until the end of their seven-year agreements.
Stocks tumble most in months as foreign outflows, political noise kit KSE-100
KARACHI: Pakistan’s benchmark stock index suffered its steepest one-day point drop in months on Monday, as persistent foreign outflows and a fresh wave of political jitters sent investors scurrying for the exits.
Petrol up Rs5, diesel Rs7.32 in latest biweekly price review
ISLAMABAD: The government increased the price of petrol by Rs5 a liter and high-speed diesel by Rs7.32 a liter, according to a notification issued by the Petroleum Division late Sunday night.