KARACHI: The Pakistan Stock Exchange (PSX) closed lower on Tuesday amid ongoing contract rollover pressure on investors. The KSE-100 index remained volatile, hitting intra-day high of 149,453 points, before coming significantly down to close at 148,435, a decrease of 380.24 points, or 0.26%. Analysts mentioned that concerns over a proposed hike in industrial gas tariffs,…
On Monday, police submitted a preliminary report in court against K-Electric officials over the deaths of two brothers who were electrocuted during heavy rains in Karachi’s Shah Faisal Colony on August 19. The FIR, lodged at Shah Faisal Colony Police Station on the complaint of a citizen named Sultan, cites negligence and criminal liability. Those…
In a major development, K-Electric has announced load-shedding exemptions for key business areas in Karachi, including Jama Cloth Market and Burns Road. The move marks a significant step toward K-Electric’s goal of making Karachi 90 percent load-shedding-free by 2030. According to a K-Electric spokesperson, the exemption is the result of joint efforts between the company…
The four-time Olympian judoka Sabrina Filzmoser fulfilled her her dream of completing the mission to spread the message of peace and cycling from Karachi to K2 as a part of Judo for Peace expedition. She began her journey in Karachi on May 22 just a day after arriving the City of Lights, where she also…
Concluded on July 31, 2025, the deal reduces average US import tariffs on Pakistani goods to 19%, sparing the country from facing duties as high as 29% under the sweeping “Liberation Day” tariff regime. In public statements, President Donald Trump praised Pakistan for concluding the agreement and linked the arrangement to potential US-led investment in…
KARACHI: Pakistan’s largest oil refiner, Cnergyico (CNER.PSX), will import 1 million barrels of crude from Vitol this October, Vice Chairman Usama Qureshi told Reuters on Friday — marking the country’s first-ever purchase of U.S. oil under a landmark trade agreement. The West Texas Intermediate light crude cargo will be loaded from Houston this month and…
Listen to article Pakistan’s largest refiner Cnergyico will import 1 million barrels of oil from Vitol in October, its Vice Chairman Usama Qureshi told Reuters on Friday, marking the country’s first-ever purchase of US crude following a landmark trade deal. The West Texas Intermediate light crude cargo will be loaded from Houston this month and is expected…
Pakistan’s two major commercial hubs, Karachi and Lahore, came to a near standstill on Saturday as traders launched a strike against what they termed as oppressive and anti-business tax measures introduced in the Finance Act 2025-26. Organised by the Karachi and Lahore Chambers of Commerce and Industry, the strike marked one of the most extensive…
Listen to article KARACHI: The Pakistan Stock Exchange (PSX) wrapped up the week on a volatile note as the benchmark KSE-100 Index briefly breached the 140,000 level before succumbing to profit-taking pressure. After swinging between gains and losses, the index ultimately settled at 138,597 — down just 68 points, or 0.05%. The day’s highlight was the announcement…
The Pakistan cricket team has officially kicked off its Bangladesh tour, with the second group of players departing from Karachi to Dhaka via Dubai. The team is set to play a three-match T20I series at Dhaka’s Sher-e-Bangla National Cricket Stadium from July 20 to 24. The group includes players Mohammad Haris, Abbas Afridi, Sahibzada Farhan,…
