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The Pakistan Stock Exchange (PSX) rebounded strongly on Thursday, gaining 667 points to reach 78,545 during intra-day trading. This recovery represents a significant 0.85% rise from its previous close of 77,878 points, signaling a positive turn in the market after recent declines. Recent Market Decline and Contributing Factors Earlier in the week, the PSX had experienced a downturn, dropping over …

In a decisive move, Prime Minister Shehbaz Sharif has voiced his concerns over the annual loss of Rs500 billion due to electricity theft. Emphasizing the urgent need to cut power prices, he highlighted the dual goals of providing relief to domestic consumers and industries while addressing systemic issues in the power sector. The Prime Minister has also underscored ongoing efforts …

In a surprising move given Pakistan’s deteriorating fiscal condition and escalating public debt, the government has greenlighted 15 development projects amounting to a staggering Rs515 billion. This approval includes a significant $900 million foreign loan aimed at bolstering climate change efforts. The Central Development Working Party (CDWP), responsible for authorizing development projects, convened a meeting to review 18 proposals, ultimately …