By the end of the workweek, the KSE-100 index had increased by 468 points, or 0.70 percent, to 65,793 points. The KSE-100 index peaked at an astounding 66,150 points over the week, indicating the confidence of investors. On the other hand, the KSE-100 index dropped to 65,187. Since these fluctuations are a natural part of…
The third-largest economy in Asia expanded by 8.4% during the October–December quarter, considerably quicker than the 7.6% growth seen in the preceding three months and far faster than the 6.6% predicted by Reuters polling analysts. According to India Ratings analyst Sunil Kumar Sinha, “the ongoing growth momentum is indicative of the Indian economy’s resilience, notwithstanding…
India is facing a formidable challenge from its neighbor, Pakistan. The battle for dominance in the premium long-grain basmati rice market has intensified as Pakistan offers the prized commodity at competitive rates, posing a threat to India’s export figures. India and Pakistan hold significant sway in the premium long-grain basmati rice export market, serving as…
By 0419 GMT, U.S. West Texas Intermediate (WTI) oil futures lost 35 cents, or 0.5%, to $76.14 a barrel, while Brent crude futures down 35 cents, or 0.4%, to $81.27 a barrel. This decrease was due to the strengthening of the U.S. dollar (.DXY). For holders of foreign currencies, oil becomes more costly due to…
Starting a business is an exciting venture that opens doors to endless possibilities and opportunities for growth and success. 1. E-commerce Store Establishing an e-commerce store has become a profitable alternative with the growth of internet purchasing. With an online store, you can access a worldwide customer base and run your business around the clock,…
Last week, the caretakers once again increased gas prices in an attempt to appease the International Monetary Fund (IMF). Previous adjustments were apparently insufficient to address the issue, leading to this latest rise. Energy prices have been on the rise since last year, particularly in the last three months, primarily due to increases in domestic…
Economic Prosperity and Wealth Redistribution: From an Islamic perspective, doing legal business is recommended as it fosters economic growth. Trade was highlighted by the Prophet Muhammad (peace be upon him) as a way to make a halal (lawful) living. money is created via business, and Islam emphasizes the equitable distribution of money, calling on the…
The interim federal government announced on Thursday a surge in the prices of both petrol and high-speed diesel, as confirmed by a notification from the Finance Division. The revised rates indicate a hike of Rs. 2.73 per liter for petrol, bringing it to Rs. 275.62 per liter, and an increase of Rs. 8.37 per liter…
The motorcycle industry in Pakistan has long relied on cosmetic enhancements to attract buyers, with a focus on new graphics and stickers. Yamaha Pakistan recently unveiled a daring move, introducing a ‘Markhor Inspired’ sticker along with a series of upgrades for its popular model, the Yamaha YBR 125G. Yamaha’s Bold Upgrades In a daring move…
The Pakistan Stock Exchange (PSX) experienced a notable downturn as bearish sentiment gripped the market, resulting in the benchmark KSE-100 index plummeting by almost 2,200 points during intraday trading. This decline followed last week’s delay in the announcement of election results by the ECP and concerns raised regarding the resolution of the circular debt management…