Connect with us

Latest News

The KSE-100 index reaches a height of 82,317 points amid the ongoing IMF accord.

Published

on

Supported by the hope that a deal with the International Monetary Fund (IMF) will go through after the global lender mentioned Pakistan in its board meeting set for September 25, the Pakistan Stock Exchange (PSX) also saw a rising trend in the final day of trading.

The KSE-100 index reached a record 82,317 points on Friday as the stock market went beyond the 82,000-point barrier after rising 858 points on Friday.

But in the interbank market, the US dollar is still losing value compared to the Pakistani rupee, trading at Rs277.70 after shedding Rs0.21.

As the KSE-100 index hits an all-time high of 81,972 points, bulls are on the march.

The Pakistan Stock Exchange has been trending upward in the previous several days, helped by the expectation that the International Monetary Fund (IMF) will approve money during its executive board meeting on September 25.

After rising more than 1,500 points in the first half of Thursday, the KSE-100 index now stands at 81,972 points.

The KSE-100 index hit 81,939 points on July 19, 2024, and that must be kept in mind.

Business

Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

Published

on

By

The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

Continue Reading

Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

Published

on

By

The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

Continue Reading

Latest News

Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

Published

on

By

According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

Continue Reading

Trending