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Articles for tag: business, dominates, Latest, profit, PSX, stalls

December 12, 2025

News Desk

PSX stalls as profit taking dominates

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: Profit-taking continued on the Pakistan Stock Exchange (PSX) for a second straight day on Thursday, putting major sectors under selling pressure, dragging the benchmark KSE-100 down nearly 900 points. After an initial rise to an intraday high of 170,301, the market sank early in the morning and recorded a notable decline before noon. The stock then held steady for a significant period, but fell again, hitting an intraday low of 168,548 just before the close.

November 14, 2025

News Desk

Poverty reduction stalls despite growth

Fiscal, labor and social reforms can prevent Pakistan from slipping back into poverty trap after 20 years of progress, says expert Pakistan will soon be on a path to reduce poverty and improve other socio-economic indicators, says Dar. PHOTO: REUTERS KARACHI: Pakistan’s progress in reducing poverty has stalled after nearly two decades of steady gains, experts warned at the Fifth Annual Conference of the School of Economics and Social Sciences (SESS), Institute of Business Administration (IBA), held on November 13-14, 2025, themed ‘A New Global Order, Yet A’. During a panel titled “Pakistan at a Crossroads: Poverty, Development and Global

February 24, 2025

News Desk

Subsidized sugar stalls for adjustment for Ramzan

A worker discharges sugar bags from a supply truck in the main wholesale market in Karachi. – Reuters Govt puts benches to sell sugar in Rs130/kg. Sugar values ​​rise after Rs160/kg, inflation concerns are increasing. Critics are hitting the solution in the short term, the demand market regulation. Islamabad: Instead of dealing with rising sugar prices that have put pressure on consumers across the country, the government has chosen to create temporary municipal benches, selling sugar at a controlled rate of RS130 per kilogram during Ramzan, The news reported on Saturday. Despite the uncontrolled inflation, the Sugar Advisory Council (SAB),

June 7, 2024

News Desk

Israeli forces strike central, southern Gaza as renewed ceasefire stalls

CAIRO: With no sign of progress in painstaking efforts by mediators to broker a ceasefire in the genocidal Gaza, Israeli tanks and warplanes bombarded central and southern areas of the enclave overnight, killing at least 23 Palestinians, local doctors said. Qatari and Egyptian mediators backed by the United States have sought to end hostilities, secure the release of Israeli hostages and Palestinians imprisoned in Israel, and get aid flowing into devastated Gaza to ease a humanitarian crisis. However, sources close to the talks said there was still no sign of a major breakthrough. Residents said Israeli tanks advanced further west

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