The Pakistan Stock Exchange (PSX) maintained its upward trajectory on the third trading day of the week, Wednesday, buoyed by a confluence of favorable news from both the international and domestic fronts. Despite experiencing some intra-day fluctuations, the benchmark KSE-100 Index closed significantly higher, signaling a renewed surge in investor confidence. Some key events played...
The Sindh Health Department has officially set the minimum monthly wage at Rs. 37,000. Employees hired during the COVID-19 pandemic in 2019 will also have a monthly salary of Rs. 37,000. Formal orders have been issued, ensuring that all nursing staff recruited during the pandemic will receive this revised salary starting from July 2025. The...
The Pakistan Stock Exchange (PSX) experienced its second-largest single-day surge in history as news of a potential de-escalation in the Iran-Israel conflict boosted investor confidence. The KSE-100 Index opened with a significant gain of over 4,000 points, starting the day at 120,499 points. During trading, the momentum was so strong that at one point, the...
Cotton, a vital crop for Pakistan’s agricultural industry, faces a severe threat from an unprecedented heatwave sweeping across the majority of the country’s cotton-growing regions. This hike in temperatures is expected to cause a significant 5 to 10 percent drop in per-acre yield, according to industry experts. Ahsan-ul-Haq, the chairman of the Cotton Ginners Forum,...
The new Federal Budget of 2025-26 has come under stinging criticism by Jamaat-e-Islami Karachi, with its Ameer, Munam Zafar Khan, calling it a “riddle of words and figures” that goes significantly against the megacity’s immediate needs. Addressing a press conference at Idara Noor-e-Haq, Munam elaborated carefully on the budget’s deficiencies, especially its effects on Karachi’s...
P@SHA, the Pakistan Software Houses Association, has expressed significant disappointment over the new federal budget for 2025-26, describing it as a major setback for the country’s growing information technology sector. The association brings to light the fact that the budget notably misses two key requirements of the IT industry, a move that may have far-reaching...
Dr. Khalid Maqbool Siddiqui, leading a delegation of MQM Pakistan, met with Prime Minister Shehbaz Sharif to discuss the budget for the next financial year and the development projects of urban Sindh. Federal Minister for Health Syed Mustafa Kamal, Dr. Farooq Sattar, Javed Hanif, and Syed Aminul Haq were also a part of the delegation....
The Sindh government is actively engaged in finalizing budget proposals for the upcoming fiscal year 2025-26, with a significant emphasis on bolstering the capabilities of the Karachi Police to address the ongoing challenges of street crime and frequent public demonstrations. Faced with the persistent issues of robberies and daily protests in the metropolis, the Karachi...
Gold prices have witnessed a substantial increase both internationally and within Pakistan today. The price of 24-karat gold per tola has surged by PKR 2,400, reaching PKR 338,500. Similarly, the price of 10 grams of gold has increased by PKR 2,058, climbing to PKR 290,209. In the international market, the price of gold per ounce...