Monday, October 26, 2026 · Petrol Rs 377.71 · USD/PKR 277.05 · Gold Rs 424536/tola
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Articles for tag: cut, DRIVE, higher, hopes, Interest, Latest, PSX, rate

January 6, 2026

News Desk

Interest rate cut hopes drive PSX higher

Shares of 345 companies were traded. At the end of the day, 75 stocks closed higher, 254 declined and 16 remained unchanged. PHOTO: FILE KARACHI: In a strong rally, the Pakistan Stock Exchange (PSX) on Monday soared to a new high above 182,400, up 3,373 points, on expectations of further monetary easing and macroeconomic stability. During the session, the benchmark KSE-100 touched an intraday high of 183,964, while the intraday low was recorded at 179,535, reflecting healthy activity. Buying interest was mainly seen in key sectors such as fertilizers, cement, commercial banks and oil and gas companies. Investor sentiment was

December 28, 2025

News Desk

PIA deal, rate cut push PSX to peak

KARACHI: Pakistan’s equity market closed the week ended December 26, 2025 on a strong footing as the KSE-100 index gained 0.58% on a weekly basis, extending its record run amid a convergence of positive macroeconomic and political developments. Investment sentiment was supported by the successful privatization of Pakistan International Airlines (PIA), which was sold to an AHCL-led consortium for Rs135 billion, marking the country’s first major divestment in nearly two decades and a key milestone under the IMF programme. The market was also supported by the State Bank of Pakistan’s decision to cut the policy rate by 50 basis points

December 22, 2025

News Desk

Gold hits record high on Fed rate cut bets. silver scales fresh top

Gold bracelets are displayed inside a gold shop in Chinatown, Bangkok, Thailand, October 9, 2025. — Reuters Gold hit an all-time high of $4,391.92. Silver hits a record high of $69.23/oz. Platinum hits 17-year high. Gold prices surged to a record high on Monday, responding to rising expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time high. Spot gold was up 1.2 percent at $4,391.92 an ounce, while silver was up 2.7 percent by 03:44 GMT to hit an all-time high of $69.23. Gold has gained 67% so

December 20, 2025

News Desk

SBP injects Rs12.25tr through OMO after rate cut

Gold retreats in Pakistan as stronger dollar and US yields weigh. Rupee makes marginal gain KARACHI: The State Bank of Pakistan (SBP) on Friday injected more than Rs 12.25 trillion into the banking system through conventional and Shariah-compliant open market operations (OMOs) to manage short-term liquidity conditions. According to the central bank, SBP conducted a conventional reverse repo OMO on December 19, 2025, accepting Rs 12.35 trillion against total bids of Rs 12.62 trillion for seven-day and 14-day. The accepted rate of return for both tenors stood at 10.51% per annum, reflecting the easing of money market conditions following the

December 15, 2025

News Desk

Smart electricity meter prices cut by almost 40%

Energy Minister Awais Leghari says the move will lead to national savings of Rs 150 billion annually Energy Minister Awais Leghari said smart electricity meter prices have been reduced by about 40%, a move he said would lead to huge national savings. In a statement, the minister said the price reduction will result in annual savings of up to Rs 150 billion at the national level, following timely and effective measures taken to enhance transparency and competition in the procurement process. Leghari said improved transparency and the adoption of international competitive standards have helped power distribution companies procure smart meters

December 15, 2025

News Desk

Smart meter prices cut by up to 40%: Energy Minister

This representative image shows an electricity meter. — APP/File ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari said on Monday that smart meter rates for Electricity Distribution Companies (Discos) have been reduced by up to 40%. In a statement, the power minister said the move would yield an estimated annual savings of Rs 150 billion nationally. He stated that the adoption of transparent and internationally competitive procurement processes has reduced the price of a three-phase smart meter from around Rs 45,000 to Rs 25,000, bringing it close to the price of a conventional three-phase meter. Similarly, the price of

December 11, 2025

News Desk

Divided US Fed makes third straight rate cut on jobs risks

A trader works as a monitor broadcasts a press conference by US Federal Reserve Chairman Jerome Powell following the Fed’s interest rate announcement, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 10, 2025. — Reuters The quarterly cut takes interest rates to a range of 3.5-3.75%. Three Fed officials disagree, exposing the deepest political rift. 2026 GDP forecasts increased, inflation expectations eased. The divided U.S. Federal Reserve cut interest rates on Wednesday for the third straight time this year, exacerbating worries about the labor market even as inflation remained elevated as President Donald

December 10, 2025

News Desk

Divided Fed cuts rates, signals pause, one cut in 2026 as growth recovers

Fed cuts rates in split vote, but signals pause as inflation remains elevated, labor market uncertain The U.S. Federal Reserve cut interest rates on Wednesday in another divided vote but indicated it would likely hold off on further cuts in borrowing costs as the U.S. central bank seeks clearer signals on the direction of the labor market and inflation that “remains somewhat elevated.” New forecasts issued after the Fed’s two-day meeting showed the median policymaker sees only a quarter-percentage-point cut in 2026, the same outlook as in September, with inflation expected to slow to around 2.4% by the end of

November 30, 2025

News Desk

Petrol price cut by Rs 2 to Rs 263.45 per liter for next fortnight

Workers at a gas station attend to customers in Islamabad, Pakistan. — AFP/File The price of high-speed diesel was reduced by Rs 4.79 to Rs 279.65 per litre. The revised rates will remain in effect from December 1 to 15. The government revises the prices based on Ogra’s recommendations. The federal government has reduced the price of petrol by Rs 2 per liter for the next fortnight, with effect from December 1, following recommendations by the Oil and Gas Regulatory Authority (Ogra) and line ministries. The price of petrol has been set at 263.45 rubles per liter for the next

November 25, 2025

News Desk

After signaling 8% cut, Ogra takes a U-turn, approves 7.14% hike in natural gas prices

Flames from a gas stove. — Reuters/File SSGC rate increases by Rs 118.47 per mmBtu, SNGPL by Rs 86.30. Ogra initially approved the reduction, the final decision lies with the government. Gas supply companies have been ordered to ensure uninterrupted supply during the winter. The Petroleum and Natural Gas Regulatory Authority (Ogra) on Tuesday approved a hike of up to 7.14% in natural gas prices for the current financial year, strictly ruling out an earlier announced rate cut, ending hopes of relief for consumers. In an earlier statement, an Ogra spokesperson had said the regulator had approved a cut of

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