Business News | PSX | News Updates from Pakistan Economy

PSX opens with KSE-100 Index falling by 162 points

The Pakistan Stock Exchange (PSX) started the trading session today on a negative note, with the KSE-100 Index falling by 162 points. This decline brought the index down to 78,307 points.

July 26, 2024
Published in Business

IMF board likely to approve $7b bailout for Pakistan in August

The International Monetary Fund (IMF) Executive Board is anticipated to convene in mid-August to finalize the approval of a $7 billion bailout package for Pakistan.

July 25, 2024
Published in Business

Gold prices witness massive decline in Pakistan

After registering a hefty increase in Wednesday's session, gold prices in Pakistan decreased by the same rate on Thursday, reflecting a downward trend in international rates.

July 25, 2024
Published in Business

Gold prices record massive increase in Pakistan

Gold prices increased in Pakistan following upward trend in the global market, according to local association.

July 24, 2024
Published in Business

Finance Minister set to visit China to reschedule $15 loans

Finance Minister Muhammad Aurangzeb will embark on a visit to China starting today, as Pakistan is seeking a rescheduling of $15bln loan from Beijing.

July 23, 2024
Published in Business

Finance Minister vows to improve tax-to-GDP ratio

Finance Minister Muhammad Aurangzeb has reiterated government's commitment to improve the tax-to-GDP ratio as part of ongoing fiscal consolidation measures.

July 22, 2024
Published in Business

Stock Market drops more than 1100 points

The Pakistan Stock Exchange (PSX) experienced a sharp decline on Friday, with the benchmark KSE-100 index falling by 1,168.83 points or 1.43%, closing at 80,671.03 points compared to the previous day’s close of 81,839.86 points.

July 19, 2024
Published in Business

PSX hits record high, surges 81,518 points milestone

The Pakistan Stock Exchange (PSX) surged to new heights, gaining 362 points to reach an all-time high of 81,518 points. This remarkable 0.44% increase from the previous close of 81,156 points showcases a bullish momentum…

July 18, 2024
Published in Business

Govt hikes petrol price by Rs9.99 per litre

The petrol price in Pakistan has been jacked up by Rs9.99 per litre for the next fortnight in the light of the rise in oil rates in the international market, effective from July 16.

July 16, 2024
Published in Business

PSX shatters records with all-time high of 81,295 points

Pakistan Stock Exchange (PSX) shattered previous records on Monday, soaring to an all-time high of 81,295 points.

July 15, 2024
Published in Business

Pakistan to achieve macroeconomic stability with IMF deal: Aurangzeb

Finance Minister Muhammad Aurangzeb has expressed optimism about the newly agreed International Monetary Fund (IMF) program, emphasizing its potential to bring much-needed macroeconomic stability to Pakistan.

July 13, 2024
Published in Business

Petrol, diesel prices set to surge again from July 16

People get fuel at a petrol station after the government announced the increase of petrol and diesel prices, in Karachi, Pakistan on September 16, 2023.

July 13, 2024
Published in Business

Pakistan reaches $7bn loan deal with IMF

A new staff-level loan agreement has been reached between Pakistan and the International Monetary Fund (IMF) under which the country will receive $7 billion over 37 months.The final approval of the loan will be given…