PSX soars as pre-budget optimism fuels rally
The stock market maintained its bullish momentum on Tuesday, driven by optimism over the upcoming federal budget, expectations of an expansion in the International Monetary…
Business
Pakistan discovers huge gas and oil reserves in Waziristan
In a major breakthrough in local resource exploration, Mari Petroleum has announced the discovery of new oil and gas reserves in the Waziristan Block. According…
China’s Alibaba to invest $50bn in AI, cloud computing
Chinese tech giant Alibaba said Monday it will spend more than $50 billion on artificial intelligence and cloud computing over the next three years, a…
IMF technical delegation reaches Pakistan for climate financing talks
An International Monetary Fund (IMF) team on Monday landed in Pakistan to discuss climate financing. As per details, discussions will focus on green budgeting, climate…
Strategic partnerships key to sustainable growth: Finance minister
Federal Minister for Finance and Revenue Muhammad Aurangzeb has stressed for close collaboration between Government and private sector to achieve sustainable economic growth. Speaking in…
Bybit exchange hit by record $1.5 billion hack
Dubai-based cryptocurrency exchange Bybit reported on Friday that hackers stole $1.5 billion worth of digital assets in what marks the largest crypto theft in industry…
Revenue shortfalls drive Pakistan’s existing debt burden: IMF
International Monetary Fund (IMF) Resident Chief in Pakistan Mahir Binici has linked Pakistan’s existing economic challenges due to debt burden to Islamabad’s inability to generate…
Finance minister stresses structural reforms for sustainable growth
Finance Minister Muhammad Aurangzeb has emphasized structural reforms to avoid boom and bust cycles and move towards sustainable and inclusive growth. Addressing an event organized…
Govt deregulated oil sector to lower fuel prices.
Federal Minister for Petroleum, Musadik Malik, has announced a major decision to open Pakistan’s oil sector, aiming to bring fuel prices down Speaking on Wednesday,…
Gold prices continue to rise in global and local markets
Gold prices in Pakistan registered an increase on Monday in line with their rise in the international rates. In the local market, the price of…