Business News | PSX | News Updates from Pakistan Economy

Remittances see ‘record increase’ in December with $3.1bn inflows

The State Bank of Pakistan on Friday said remittances from overseas Pakistanis recorded inflows of $3.1 billion in December which Prime Minister Shehbaz Sharif hailed as a “record increase”.

January 10, 2025
Published in Business

Pakistan’s per capita GDP sees positive growth

Pakistan achieved a per capita GDP of $1,680 in FY2024, with projections for FY2025 estimating growth to $2,405, showcasing economic recovery and resilience.

January 9, 2025
Published in Business

Nepra notifies refunds for power consumers

The National Electric Power Regulatory Authority (Nepra) on Tuesday notified negative fuel cost adjustment (FCA) of 76 paise per unit for ex-Wapda distribution companies (Discos) and 49 paise for consumers of K-Electric in January’s bills.

January 8, 2025
Published in Business

Gold prices see hike in Pakistan

The price of 24 karat per tola gold increased by Rs.1,000 and was sold at Rs 277,000 on Wednesday January 08, 2025 against its sale at Rs 276,000 on previous trading day, All Sindh Sarafa…

January 8, 2025
Published in Business

Pakistan's exports see 10.52% boost, reaching $16.5B in FY2024-25

Pakistan’s exports reached $16.5 billion during the first six months of fiscal year 2024-25, recording a 10.52% increase compared to $14.9 billion in the same period last year, according to official data.

January 7, 2025
Published in Business

PSX hits new record high

The capital market continued its bullish momentum into the second trading session of the New Year crossing 118,000-point mark for the first time in history.

January 2, 2025
Published in Business

PSX starts new year with strong rally gaining 1,828 points

The capital market opened the year on a positive note, supported by renewed optimism surrounding economic reforms and strategic initiatives.

January 1, 2025
Published in Business

Pakistan signs $200mn loan agreement with ADB

Pakistan and the Asian Development Bank (ADB) on Tuesday signed a $200 million loan agreement for the Power Distribution Strengthening Project. The agreement was signed by Economic Affairs Division Secretary Dr Kazim Niaz and ADB…

January 1, 2025
Published in Business

Petrol price increased by Re0.56 per litre for next fortnight

The federal government on Tuesday notified an increase of Re0.56 per litre in petrol price for the first fortnight of 2025, starting from January 1.

January 1, 2025
Published in Business

Cabinet approves sale of 15% stake in Reko Diq to Saudi Arabia

The government has approved the sale of a 15% stake in the Reko Diq project, valued at $540 million (approximately Rs150.27 billion), to the Kingdom of Saudi Arabia (KSA) under the Inter-Governmental Commercial Transactions Act.

December 31, 2024
Published in Business

Gold price per tola falls Rs600 in Pakistan

Gold prices in Pakistan witnessed a decline on Monday, easing by Rs 600 per Tola due to downward trends in international markets.

December 30, 2024
Published in Business

PSX gains momentum amid positive macroeconomic conditions

Bulls decided to take control of the trade floor at the Pakistan Stock Exchange (PSX) on Monday as shares gained more than 2,900 points in intraday trade.

December 30, 2024
Published in Business

Petrol price may drop by Rs2 per litre

The petrol price is expected to drop by Rs2 per litre, while high-speed diesel (HSD) is likely to rise by Rs3.62 per litre, starting January 1, 2025, for the next fortnight.