KARACHI: Ginning factories saw an unexpected reversal in the trend for cotton production and supply in the October 1-15 fortnight, receiving 1.062 million bales from […]
Category: Business
Raast Transactions Hit Rs. 20 Trillion Mark; Latest Trillion Took Just 16 Days
Raast | SBP | ProPakistaniThe State Bank of Pakistan (SBP) announced on Thursday that Raast, Pakistan’s first instant payment system, has now processed 892 million […]
Stocks Falter on Political Uncertainty
KARACHI: After reaching an all-time high supported by a successful Shanghai Cooperation Organization (SCO) summit, the Pakistan Stock Exchange (PSX) faced renewed selling pressure on […]
Google Seeks to Delay Antitrust Ruling
Tech Giant Files Motion for Stay of Court-Ordered Changes Google has filed a motion with the 9th Circuit Court of Appeals to delay the implementation […]
US Pushes for Special Creditor Status
Considers Lending $1 Billion to Pakistan for Reko Diq Project; Islamabad Remains Hesitant ISLAMABAD: The United States once again sought preferred creditor status for its […]
HBL’s 9M 2024 Profit Rises to Rs. 43.3 Billion
HBL today declared a consolidated profit before tax of Rs 85.9 billion for the first nine months of 2024, marking a 3% increase compared to […]
Pakistan, China Vow to Speed Up ML-1 Project
LAHORE: Pakistan and China have reaffirmed their commitment to advancing the upgrade of the Main Line-1 (ML-1) railway project. They agreed to prioritize the construction […]
Chinese Firm to Invest $1 Billion in PRL
Seeks Independence from Government Control; Refinery to Double Output with Upgrade A Chinese investment corporation has committed $1 billion to Pakistan Refinery Limited (PRL) for […]
PSX Turns Bullish, Gains 578 Points
The 100-Index of the Pakistan Stock Exchange (PSX) turned bullish on Tuesday, gaining 578.96 points to close at 85,840.34 points. A total of 422,107,359 shares […]
IMF Says Global Public Debt to Top $100 Trillion, Growth May Accelerate
The world’s total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as […]