Moody’s downgrades Pakistan’s credit rating

Karachi: Moody’s Investors Service on Thursday downgraded Pakistan’s credit rating to ‘Caa1’ from ‘B3’ and maintained the outlook at negative, as the government’s dollar requirement for financing a widening current...

Bridging gaps in growth and governance

LAHORE: Pakistan faces significant challenges in industrial and agricultural productivity, struggling to keep pace with global standards. Key sectors, such as textiles, rely heavily on outdated technologies, lack diversification...

24-Jan-2025 Read More

Govt urged to unlock $100bn in construction investment

KARACHI: The Pakistani business community has called upon the government to implement measures to revive the construction sector, arguing it could unlock $100 billion in investment and prevent capital flight. President of the...

24-Jan-2025 Read More

Balochistan offers immense investment opportunities: CM Bugti

QUETTA: Chief Minister Sarfraz Bugti has said Balochistan is Pakistan’s gateway to regional and global trade, highlighting that the province offers immense investment opportunities and has the potential to become a leading e...

24-Jan-2025 Read More

Rupee recovered losses to end higher against dollar

KARACHI: The rupee recovered from two days of losses to close stronger against the dollar on Thursday. In the interbank market, the rupee ended at 278.72 per dollar, up from 278.85 in the previous session. In the open market,...

24-Jan-2025 Read More

KSE-100 recovers 594 points amid rate cut hopes

KARACHI: Stocks recovered on Thursday; the benchmark KSE-100 index increased by 594 points, reflecting expectations of further monetary easing this month. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index increase...

24-Jan-2025 Read More