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Articles for tag: ceasefire, economic impact, Energy, equities, KSE-100, Middle East, Pakistan, PSX, selloff, Stock Market, Strait of Hormuz, US-Iran

KSE-100 Loses 4,626 Points as US-Iran Ceasefire Collapse Triggers Pakistan Market Selloff

The KSE-100 index fell 4,626 points — 2.48% — on July 9 to close at 181,629 as investors sold across the board following President Trump's announcement that the ceasefire with Iran was "over" and the resumption of US and Iranian strikes. The sell-off erased the gains from the record session of July 7. LNG import costs, already elevated, face another upward shock as the Strait of Hormuz moves back into conflict territory.

طورخم سرحد کھولنے کے لئے پاک افغان مذاکرات ناکام

پاکستانی اور افغان حکام کے درمیان تجارت اور مسافروں کی آمد ورفت کے لئے اہم سرحدی گزرگاہ طورخم کھولنے کے لئے مذاکرات ناکام ہوگئے ہیں۔ طورخم سرحد 21 فروری کو دونوں سائڈز پر سرحد کے قریب چیک پوسٹ اور دیگر تعمیرات کے معاملے پر تنازعہ سامنے انے کے بعد بند کردیا گیا تھا۔ پاک افغان مشترکہ صنعت وتجارت کے ایک مرکزی رہنما ضیاء الحق سرحدی نے ‘دی پاکستان ڈیلی’ کو بتایا کہ سرحد بند ہونے کی وجہ سے دونوں جانب تقریبا پانچ ہزار مال بردار گاڑیاں کھڑی ہیں جن میں خوراکی مواد بھی شامل ہے جس سے دونوں ممالک کے

President Zardari rejects law for increasing salaries of parliamentarians

President Asif Ali Zardari has returned the Salaries and Allowances Amendment Bill 2025 — meant to raise the salaries of MNAs and senators by a hefty amount — to parliament with objections. The president has objected that the increase in salaries and benefits of members of parliament does not fall within the authority of the finance committees of the National Assembly and Senate. The bill, which was passed by the National Assembly on February 11 and later by the Senate on February 17, proposed an increase in salaries of MNAs and senators from Rs218,000 to Rs519,000, except for speaker and

Petrol price increased for next fortnight

ISLAMABAD: The federal government announced new petrol and diesel prices for the next fortnight, hiking the prices by Rs 7 per litre. As per a notification issued here, the price of petrol has been raised by Rs 1 per litre. The new price of petrol has been set at s. 257.13 per litre Similarly, the price of high-speed diesel has been increased by Rs7 per litre. The new price for high-speed diesel is now Rs 267.95 per litre. It is to be noted here that petroleum product prices are increased for the third consecutive fortnight as the same were hiked

The Role of International Financial Institutions in Addressing Global Poverty

Introduction: International Financial Institutions (IFIs) such as the International Monetary Fund (IMF), the World Bank, and regional development banks have played crucial roles in the global economic landscape for decades. Their primary mission has been to support economic stability, growth, and poverty reduction worldwide. Despite this noble mission, the effectiveness of these institutions in addressing global poverty remains a topic of ongoing debate. In this blog, we’ll explore how IFIs function, their impact on developing nations, and the criticisms they face in their attempts to address the challenges of poverty. The Purpose of IFIs: The IMF and the World Bank

Fuel prices set to rise again in February

Pakistanis are bracing for another potential increase in fuel prices, with sources indicating that the government is planning to raise petrol and diesel prices by up to Rs3 per liter and Rs6 per liter respectively, starting February 1, 2025. The anticipated price hike is attributed to the rising global crude oil prices. Sources suggest a Rs3 increase for petrol and a potential Rs6 increase for high-speed diesel, based on a forthcoming bi-weekly review. The Oil and Gas Regulatory Authority (OGRA) will submit a recommendation to the relevant ministry, factoring in international oil prices and exchange rate fluctuations. The final decision

January 17, 2025

News Desk

LSMI production is down 3.8% year-on-year

Listen to the article KARACHI: Large-Scale Manufacturing Industries (LSMI) output fell 3.8% year-on-year (y-o-y) in November 2024, highlighting persistent challenges in key sectors such as high energy costs and weak consumer demand. On a month-on-month (MoM) basis, output also declined by 1.2%, indicating subdued industrial activity amid economic headwinds. The drop in the LSMI was mainly due to significant contractions in key sectors such as furniture (-53.3%), coke and oil (-16.2%) and other manufacturing (-13.3%), according to data of the Pakistan Bureau of Statistics (PBS). ). In the first five months of 2015, the LSMI recorded a cumulative decline of

September 12, 2024

News Desk

Visa sees 10x increase in acceptance from Pakistan

KARACHI: Visa plans to tenfold the number of businesses accepting digital payments in Pakistan over the next three years, the payments giant’s managing director for Pakistan, North Africa and the Levant told Reuters. Leila Serhan’s comments came as Visa announced a strategic partnership with 1Link, Pakistan’s largest payment service provider, aimed at streamlining remittances in the South Asian country and encouraging digital transactions. Pakistan, with a population of 240 million, is home to one of the largest unbanked populations in the world. Only 60% of the population of 137 million adults, or 83 million adults, have a bank account, according

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