Recent Posts

Cement Sales Experience Drop Amidst Higher Taxes and Input Costs

In July 2024, Pakistan’s cement industry witnessed a decline in overall sales, with a notable drop of 6.81% compared to the same month last year. Cement sales for July 2024 amounted to 3.010 million tons, down from 3.230 million tons in July 2023, according to data from the All Pakistan Cement Manufacturers Association (APCMA). Local cement sales experienced a significant …

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PSX Ends Week with Minor Gains Amidst Volatility

The Pakistan Stock Exchange (PSX) experienced notable volatility in the past week, with the KSE-100 index fluctuating between red and green zones before closing with a modest gain of nearly 200 points. This oscillation in the market was primarily driven by mixed investor sentiment influenced by political uncertainty, policy rate adjustments, global rating decisions, and improving economic indicators. A key …

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PTA Chairman Announces Potential Lift of X Ban and Updates on Digital Infrastructure

On Thursday, Pakistan Telecommunication Authority (PTA) Chairman Hafeezur Rehman indicated that the authority is ready to lift the ban on X, formerly known as Twitter, if directed by the government. The platform has been suspended in Pakistan since February 17 due to national security concerns, though it remains accessible via Virtual Private Networks (VPNs). During a Senate Standing Committee on …

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