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The stock market momentum on economic confidence surged on Wednesday as the KSE-100 Index rebounded significantly, climbing 2,108.41 points (1.94%) to reach an intraday high of 111,005.06. This strong recovery followed a steep decline of over 1,000 points in the previous session. Investors were motivated by robust macroeconomic indicators and heightened expectations of monetary easing…
Khurram Mushtaq has been appointed as the acting CEO of Pakistan International Airlines (PIA) following a decision by the PIA Board of Directors. Mushtaq, a senior PIA executive with extensive experience in aviation, will take over after the tenure of Air Vice Marshal Amir Hayat ends. Previously, Mushtaq led various departments within PIA, including commercial,…
Pakistan and Russia have taken a significant step to bolster their economic and trade ties by signing eight agreements during the 9th session of the Intergovernmental Commission (IGC) held in Moscow. This pivotal development signals deepening collaboration between the two nations across various sectors. The Pakistani delegation, led by Energy Minister Awais Ahmad Khan Leghari,…
Pakistan’s Sugar Exports to Bangladesh & Beyond: $500M Revenue Expected Pakistan is set to strengthen its position in the global sugar market with significant exports, including a shipment of 25,000 tons of high-quality sugar to Bangladesh. The shipment is scheduled to depart from Karachi Port next month, marking a milestone in Pakistan-Bangladesh trade relations. According…
Pakistan is grappling with an escalating debt crisis, with China now being its largest creditor, holding nearly $29 billion in loans. A nation of 240 million people, Pakistan also ranks among the top three International Monetary Fund (IMF) loan recipients in 2023, as highlighted in the World Bank’s latest International Debt Report. The report reveals…
Cabinet Defers SBP Amendment Bill for Review: Concerns Over Dual National Appointments Prime Minister Shehbaz Sharif has instructed the Cabinet Division to consult Minister of State for Finance, Ali Pervaiz Malik, on the SBP Amendment Bill. This decision comes after concerns raised by Malik when he felt excluded from discussions about the proposal to amend…
Gold prices dropped by Rs1,700 in Pakistan, settling at Rs274,500 per tola on Monday. This decline continues a recent trend in both local and international markets. On Friday, the gold price per tola had fallen by Rs1,100. Globally, gold prices dropped $17 to $2,633 per ounce, influenced by stronger US dollar performance. The rising dollar…
The Pakistan Stock Exchange (PSX) reached a new milestone today. The KSE-100 index climbed to 102,664.34 points. This is the highest it has ever been. The index rose by 1,307.02 points, a 1.29% increase during today’s trading. At 11:15 AM, the market surged to an intraday high of 102,737.83 points. The lowest point of the…
Goldman Sachs predicts that OPEC+ production cuts will provide near-term support for global oil prices, with Brent crude prices expected to remain stable. Recent data shows that crude production from Iraq, Kazakhstan, and Russia has declined by 0.5 million barrels per day, reflecting compliance with OPEC+ policies to curb supply. Saudi Arabia, a key OPEC+…
Bitcoin Miner S21 XP Review: Price, Mining Setup, and Earning Potential Introduction The Bitcoin Miner S21 XP is one of the most powerful mining devices in the market today, offering miners high efficiency and substantial earning potential. In this article, we’ll discuss the Bitcoin Miner S21 XP, its price, how to start mining with it…