In an increasingly interconnected world, responsible business conduct (RBC) — defined by the Organisation for Economic Co-operation and Development (OECD) as contributing to economic, environmental, and social progress while mitigating adverse impacts — has become essential for maintaining a competitive edge. For Pakistani businesses, where regulatory pressure is still evolving, aligning with inte
The All Pakistan Petroleum Dealers Association (APPDA) on Sunday threatened a nationwide strike in protest against the government’s plan to deregulate oil prices without consulting relevant stakeholders. The proposed deregulation, spearheaded by the petroleum division and the Oil and Gas Regulatory Authority (Ogra), has sparked fears of foreign dominance over Pakistan’s oil market. In a st
Pakistan Stock Exchange (PSX) on Thursday continued its buying spree as investor confidence grew on the back of robust corporate earnings, which helped KSE-100 index notch up gains of nearly 400 points. The bourse remained in the green for most of the day, reaching its intra-day high of 114,202, reflecting strong gains compared to the prior session. Strong performance by key sectors such as cem
An International Monetary Fund (IMF) mission will arrive in Islamabad next week to discuss around $1 billion in climate financing for Pakistan, an adviser to the Pakistan finance minister said on Thursday. Advisor to Finance Minister Khurram Schehzad told Reuters that the mission would visit from February 24 to 28 for a “review and discussion” of climate resilience funding. The disbursement
Gold prices in Pakistan continued their upward momentum, touching new highs on Thursday, while mirroring the rise in international markets. In the local market, the price of gold per tola rose Rs1,000 to an all-time high of Rs309,000, while 10-gram gold rose Rs857 to settle at Rs264,917, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The increase follows a Rs3,800