The industrial sector in Pakistan pays nearly twice the costs of electricity compared to China, India and the United States, which puts its competitiveness in exporting in an unfavorable position. A report issued by the International Energy Agency (IEA) shows that the power tariff for intense energy industries in Pakistan reached an average of 13.5 … Read more
Canadian national security officials have sparked a warning about the Srivastava group, an Indian -based Indian business organization, and its executive, Ankit Srivastava, claiming their involvement in secret activities aimed at influencing Canadian policy. The Srivastava group, which operates throughout Belgium, Switzerland and Canada, has business in many sectors, including media, oil and gas. However, … Read more
Wheat production in Pakistan is expected to decrease by 11 % to 27.9 million metric tons this year due to dry weather conditions, as the Ministry of Finance stated in its monthly economic outlook. Last year, Pakistan has achieved a record harvest of wheat 31.4 million metric tons, but this year’s production is expected to … Read more
A new report reveals that about a billion Indians do not have the financial ability to spend on goods or estimated services, although India reaches 1.4 billion people. The results, shared by the BBC, come from a report issued by the Blume Ventures, which is the investment capital company, highlighting the country’s consumer scene. According … Read more
Alphabet will report its quarterly profits on Tuesday, as investors focus on spending artificial intelligence and the impact of the slower growth in advertisements and cloud revenues. Estimates collected by LSEG indicate that Alphabet’s revenues for the fourth quarter are expected to rise by 11.9 % to 96.6 billion dollars, less than the previous quarter … Read more
The stock market is expected to maintain a positive direction in the short term, as momentum is largely affected by the profits of the upcoming companies and inflation data in January 2025, according to a report issued by Akd Securities. The market has been volatile throughout the week ending January 31, 2025, and is largely … Read more
The Ministry of Finance expressed its optimism for the continuous growth this year, which is due to international political reforms to recover to the International Monetary Fund (IMF), reduce money, and financial unification, despite the slowdown in two of the three real economic sectors-agriculture and industry-which indicates that Economic growth may not be less than … Read more
The Federal Board of Revenue (FBR) has released its annual report for the financial year 2023-24, highlighting Karachi as the largest contributor to national tax revenue, Express News reported on Tuesday. According to the report, the Karachi Grand Excise Office collected Rs2,522 billion in taxes, including Rs1,360 billion in income tax, Rs136.3 million in federal … Read more
The KSE-100 index of the Pakistan Stock Exchange (PSX) is expected to maintain its upward momentum in 2025, driven by low single-digit interest rates. According to AKD Securities, the index is expected to register a strong return of 55.5% next year, supported by strong profitability in the fertilizer sector, improving sustainable return on equity (ROE) … Read more
The KSE-100, the benchmark index of the Pakistan Stock Exchange (PSX), is expected to continue its upward trajectory in calendar year 2025 (CY25), with an expected return of 55.5% (49% in USD), driven by lower interest rates and improving macroeconomic stability. , according to a report by AKD Securities. The index is expected to reach … Read more