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Articles for tag: ahead, Earnings, Latest, Pakistan, PSX, pulls, red, Renewed, surge, week

December 19, 2025

News Desk

Earnings surge ahead of renewed week pulls PSX into red

The Pakistan Stock Exchange (PSX) ended Friday’s session in the red as investors resorted to profit-taking ahead of the upcoming recycling week, despite the benchmark touching a fresh intraday all-time high earlier in the day. “The PSX had a day of profit taking today as the market headed into the renewal week starting on Monday,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. The KSE-100 closed at 171,405 points, down 556 points or 0.32%. The day unfolded in two distinct phases. In the morning session, the market extended yesterday’s upward momentum and recorded a new all-time intraday

December 16, 2025

News Desk

Pakistan issues ‘super flu’ advisory for winter surge as cases rise

A representative picture shows a box of flu vaccine on display at a pharmacy in London, Britain, on December 11, 2025. — Reuters The provinces are asked to strengthen preparedness measures. 340,856 suspected ILI cases were reported in week 44-49. 12% of samples tested confirm positive for H3N2. The National Institutes of Health (NIH) on Monday issued an advisory as cases of H3N2 flu rise globally and in Pakistan, warning that a new genetic subclade known as Subclade K, often called “super flu,” has emerged internationally and urging provincial health authorities to step up preparedness and prevention measures. The NIH

September 8, 2024

News Desk

PM Shehbaz launches nationwide polio drive amid surge in cases

Prime Minister Shehbaz Sharif administers oral polio vaccine to a child during the launch ceremony of Nationwide Polio Action in Islamabad on September 8, 2024. — PID Prime Minister Shehbaz Sharif on Sunday launched a special campaign against the polio virus to ensure complete eradication of the crippling disease from the country as the number of cases jumped to 17 by 2024. The polio campaign, which will be held in 115 districts of the country, will target at least 30 million children under the age of five for immunization against the debilitating disease. As part of the initiative, some 286,000

September 1, 2024

News Desk

Mobile phone demand expected to surge despite GST hurdles

KARACHI: Despite a temporary slowdown in the assembly of ‘Made in Pakistan’ mobile phones due to the imposition of a general sales tax (GST) of 18%, demand for these devices is projected to jump to 33 million units in the country in 2024, from 22.9 million units in 2023. Citing data from the Pakistan Telecommunication Authority (PTA), Topline Research analyst Sunny Kumar predicted a 44% increase in phone demand for the current calendar year 2024. “According to our channel audits, based on the current monthly operating rate and the recent 18% Sales Tax on all mobile phones in the FY25

July 19, 2024

News Desk

Japan sees record surge in tourist arrivals after pandemic

Climbers gather on the first day of the climbing season on the Fuji Yoshidaguchi Trail (Yoshida Trail) at the fifth station on the slopes of Mount Fuji, in Fujiyoshida, Yamanashi Prefecture, Japan on July 1, 2024. — Reuters In the first half of 2024, Japan saw a remarkable increase in foreign visitors, reaching a new record of 1.78 million, surpassing pre-pandemic levels by one million, the national tourism body said on Friday. The weakened yen has contributed to this surge, attracting tourists to indulge in a wide range of Japanese experiences, from traditional kimonos to high-quality knives and fine cuisine,

July 5, 2024

News Desk

Forex reserves surge to two-year high

KARACHI: Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), hit a two-year high of $9.4 billion as they jumped by almost half a billion dollars due to “official inflows”, central bank data showed. were published on Thursday. “During the week ended June 28, 2024, SBP’s reserves increased by $494 million to $9.39 billion due to official inflows from multilateral agencies,” SBP said in a statement. Stockpiles have now soared to July 2022 levels, which can finance nearly two months of imports. However, foreign reserves held by commercial banks fell by $128 million to $5.18 billion in

July 2, 2024

News Desk

Gaza war sparks surge in independent pro-Palestinian candidates in UK

Shanaz Saddique is one of the pro-Palestinian candidates hoping to mobilize Muslims in Britain’s July 4 election, tapping into discontent over the two main political parties’ positions on the war in Gaza. Both the ruling Conservatives and the resurgent Labor Party have said they want the fighting to stop but have also backed Israel’s right to defend itself – angering some of the 3.9 million Muslims who make up 6.5% of Britain’s population. Few, if any, of the pro-Palestinian candidates who are independents or for non-mainstream parties will be elected to parliament, but The Muslim Vote campaign is trying to

June 7, 2024

News Desk

Remittances surge 54% to record $3.24 billion in May

A trader shows US dollar bills at a currency exchange in Karachi in this undated photo. — Reuters Remittances recorded an inflow of $27.093 billion in 11 months Saudi Arabia led the inflows, sending $819.3 million in May. Analysts attribute this increase to Eid inflows, a stable currency. Remittances sent home by overseas Pakistanis reached an all-time high of $3.243 billion in May 2024, up 54.2% year-on-year from $2.103 billion recorded in May 2023, according to data released by the State Bank of Pakistan (SBP). the manufacture. Inflows also increased by 15.3% to $2.813 billion month-on-month in April 2024. Remittances

April 8, 2024

News Desk

Remittances surge 31.27% to $2.95 billion in March on Ramadan inflows

A person shows US dollars at a foreign exchange shop in Manila, Philippines, October 21, 2022.— Reuters Remittances rose 16% year-on-year (y-o-y) to $3 billion. Saudi expats lead the way with $703.1 million contributed in March. Pakistanis living in the United States of America sent $373 million last month. Remittances sent home by overseas workers rose 31.27% month-on-month (MoM) to $2.95 billion in March, compared to $2.25 billion the previous month, according to the latest data released by the State Bank of Pakistan (SBP) issued on Monday. This significant increase in remittances can be largely attributed to Ramadan inflows, which

February 13, 2024

News Desk

Remittances surge to 3-month high

design: mohsin alam KARACHI: Remittance inflows from workers sent home by overseas Pakistanis hit a three-month high of $2.39 billion in January 2024, boosting confidence in the domestic economy following the disbursement of the second loan tranche of $700 million by the International Monetary Fund (IMF ) during the same month. According to the State Bank of Pakistan (SBP), remittances rose 26 percent to $2.39 billion in January compared to $1.90 billion in the corresponding month of the previous year. This marked an increase of almost 1% from the $2.38 billion received in December 2023. However, cumulatively in the first

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