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Pakistan’s growing brain drain is silently draining the country of talent, innovation, and leadership. Despite the economic boost from record-breaking remittances, the cost of losing skilled professionals far outweighs the gains. Experts estimate that Pakistan loses nearly $4.2 billion every year in potential economic activity due to the continuous outflow of educated and qualified individuals. …
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The gold rate in Pakistan has dropped sharply over the past three days, falling by Rs. 8,500 per tola and raising questions among investors and jewelers alike. This significant dip reflects both local market adjustments and global price movements, affecting buyers and traders across the country. Gold Price Continues Downward Trend On Saturday, the price …
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China is calling for stronger AI governance to balance rapid technological advancement with global security. Speaking at the World Artificial Intelligence Conference (WAIC) in Shanghai on July 26, Premier Li Qiang warned that without a unified global response, artificial intelligence could pose significant risks. His remarks come as the U.S. accelerates its low-regulation AI strategy, …
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U.S. President Donald Trump on Friday hinted that Canada may soon face tariffs instead of a new economic agreement, suggesting a potential breakdown in trade talks. Speaking to reporters outside the White House, Trump said, “We haven’t really had a lot of luck with Canada. I think Canada could be one where they’ll just pay …
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China’s leading electric vehicle maker BYD plans to locally assemble cars in Pakistan by mid-2026 to tap into the country’s growing EV market. The company aims to meet rising demand for electric and plug-in hybrid vehicles, beginning with a new production facility near Karachi. The move marks a major step for Pakistan’s auto sector as …
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After a strong rally in the previous session, the KSE-100 index pulled back on Wednesday as investors turned to profit-taking at record highs. The index lost 165 points and closed at 139,254 after hitting an early high of 140,202. The shift marked a cautious return to realism as traders locked in gains amid volatility and …
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Oil prices dropped for the third straight session on Tuesday, driven by concerns that a looming trade conflict between the United States and the European Union could slow global fuel demand. As the August 1 deadline for new U.S. tariffs approaches, the fear of reduced economic activity continues to weigh on global oil markets. Market …
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A potential takeover of the renowned PC Hotels chain is on the horizon after two firms acquired a controlling 56% stake in its parent company, Pakistan Services Limited (PSL). The coordinated purchases, worth over Rs12 billion, have fueled market speculation and raised questions about the future direction of one of Pakistan’s most iconic hospitality brands. …
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The Pakistan Stock Exchange (PSX) faced a sharp dip on Monday as the benchmark KSE-100 Index fell nearly 400 points. Market volatility and investor profit-taking ahead of end-July contract expiries drove the decline, putting an end to the recent bullish streak. Index Slides After Record High After reaching a historic peak last week, the KSE-100 …
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Investor optimism surged this week as the Pakistan Stock Exchange (PSX) closed at a record high of 138,597 points, boosted by strong signs of economic recovery. The benchmark KSE-100 Index gained 4,298 points overall, marking a 3.2% increase week-on-week. A sharp rally on Monday alone added 2,203 points, pushing the index to 136,502—its highest level …
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The government has introduced major climate resilience reforms by cutting export cargo handling charges by 50% at Karachi Port. Maritime Minister Junaid Anwar Chaudhry announced the move on Saturday, calling it a shift toward cleaner and more efficient trade logistics. This decision follows a similar 50% reduction implemented at Port Qasim earlier, and is aimed …
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Gold prices in Pakistan surged on Friday, continuing a trend influenced by global economic uncertainty. After a minor dip the previous day, gold prices in Pakistan bounced back strongly, with the per tola rate increasing by Rs2,500 to settle at Rs357,600. This sharp rise reflects a renewed interest in precious metals amid inflation concerns and …
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The KSE-100 Index briefly surged past the 140,000 mark for the first time on Friday, but profit-taking pulled it back. The Pakistan Stock Exchange (PSX) closed marginally lower at 138,597 points, slipping 68 points or 0.05%. Despite the drop, the week ended on a strong note, supported by robust corporate earnings and a historic current …
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The stock market ended flat on Friday after a record-setting rally earlier in the week, as investors locked in profits while remaining optimistic about upcoming corporate earnings and possible monetary policy easing. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index saw mixed movement throughout the session. It reached an intraday high of 140,585.38 points—up 1,919.89 …
Pakistan’s rupee depreciation continued on Wednesday as the currency lost 29 paisa against the US dollar. The interbank rate fell to Rs284.96 amid a surge in import payments, profit repatriation by multinational firms, and looming external debt repayments. This weakening trend follows a brief gain earlier in the week. Rupee Falls After Brief Stability On …
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The KSE-100 Index hit fresh highs on Thursday as strong foreign exchange reserve growth and mutual fund inflows lifted investor sentiment across the Pakistan Stock Exchange (PSX). The market’s rally was seen as a signal of growing confidence in the country’s financial outlook, driven by favorable fiscal developments and renewed foreign support. The PSX’s benchmark …
The KSE-100 Index recovery came into full effect on Wednesday as buying returned to the Pakistan Stock Exchange (PSX). After a day of decline, the benchmark index rebounded strongly, ending the session with a gain of over 400 points. Market Rebounds with Strong Momentum At closing, the KSE-100 Index stood at 136,379.96, marking an increase …
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Yango Pakistan is expanding its footprint by introducing AI-powered solutions for businesses under its Yango Tech division. Already a key player in urban mobility, the company now aims to reshape digital commerce in Pakistan. This expansion includes a strategic partnership with DealCart, bringing smart technologies to retailers and consumers alike. Yango Tech Enters Pakistani Market …
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RAWALPINDI: The National Savings Centre conducted the third quarterly draw of the Rs750 Prize Bond on Tuesday morning in Rawalpindi, attracting the attention of thousands of investors nationwide. The draw, designated as Draw No. 103, began at 10:00 AM and was held under the supervision of officials from National Savings and members of the public. …
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>Pakistan International Airlines’ (PIA) privatisation process has entered an advanced phase, with authorities aiming to complete the deal within the next two to three months. According to government officials, four bidders have been shortlisted after scrutiny and have begun due diligence to assess the airline’s financials and operations. Four Bidders Cleared for Due Diligence Out …
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Quetta’s business community is threatening mass protests if the government does not roll back controversial tax measures and arrest powers granted to the Federal Board of Revenue (FBR). Business leaders argue that these powers will cripple local trade, especially in economically fragile Balochistan. QCCI Stands Firm Against Budget Measures At a meeting held Saturday, members …
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The Pakistan Stock Exchange (PSX) lit up on Monday as the benchmark KSE-100 Index rallied by 2,202.77 points, closing at 136,502.53 — a 1.64% rise from Friday’s finish of 134,299.76. The index touched an intraday high of 136,841.49, up 1.94%, showing robust investor confidence and positive momentum. Analysts credited the rally to multiple factors: macroeconomic …
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Gold prices continued their sharp upward trend both internationally and in domestic markets on Saturday, highlighting strong investor interest and market volatility. The increase in gold prices comes as global demand pushes rates higher across key markets. Global Market Sees Strong Gain In the international bullion market, gold surged by $11 per ounce, reaching $3,356. …
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