Pakistan Stock Exchange (PSX) on Monday closed on a bullish note, powered by a pre-budget rally that saw the benchmark KSE-100 index surge over 1,500 points. Analysts attributed the positive momentum to a robust economic outlook, fuelled by finance minister's comments on rising remittances, higher foreign exchange reserves, low inflation and support for the construction industry. The index c
The Asian Development Bank (ADB) has announced that Masato Kanda officially assumed office as the 11th president of the bank on Monday. "I am deeply honoured to take on the role of ADB president at this important moment for our region," Kanda said, according to an announcement made by ADB on its website. "With the trust of our 69 members and strong support of our dedicated staff, I am commit
Pak Suzuki Motor Company has announced a price hike for its car models, with increases reaching as high as Rs120,000, effective from February 25, 2025. The automaker cited upgrades to its Suzuki Alto variants as the reason for the price revision. The Suzuki Alto VXR MT now costs Rs2,827,000, reflecting a rise of Rs120,000. Meanwhile, the Alto VXR AGS and Alto VXL AGS see an increase of Rs95,000
Goldman Sachs said on Friday a proposed 10% US oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on US refiners due to limited alternative buyers and processing capabilities. President Donald Trump plans to impose a 25% tariff on Mexican crude and a 10% levy on Canadian crude starting in March, a delay from his initial propo
In a major step towards strengthening Pakistan's electric vehicle (EV) infrastructure, an agreement has been signed between a Chinese and a Pakistani company for the sale of EV charging piles and setting up charging stations. Both companies – Zhuhai Comking Electric Co Ltd and E-Trade Nexus – said they were committed to supporting Pakistan government's vision of green energy and widespread adop