Year: 2025

KARACHI: The Pakistan Stock Exchange (PSX) has unveiled its prestigious Top 25 Companies Awards for 2024, celebrating corporate leaders that demonstrated exceptional financial performance, governance standards, sustainability practices and investor protection during a tough economic year. PSX Managing Director and CEO Farrukh H. Sabzwari commended the award-winning companies for showcasing resilience, strategic vision and strong investor confidence despite economic headwinds. Established in 1978, the awards continue to serve as a benchmark for corporate excellence in Pakistan. The 2024 honours list spans major sectors including industry, banking, insurance, technology and consumer…

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KARACHI: Finance Minister Muhammad Aurangzeb has said the United States is firmly re-establishing itself as a key economic partner for Pakistan, underscored by the $7 billion financial close of the Reko Diq copper and gold project—backed by the International Finance Corporation and the US EXIM Bank. Speaking at a panel discussion in Riyadh during the Global Development Finance Conference – Momentum 2025, Aurangzeb said economic engagement with Washington is expanding across minerals, mining, and next-generation technologies including AI, blockchain, and digital infrastructure. The session, “Climate Adaptation and Resilience: How do…

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ISLAMABAD: The International Monetary Fund (IMF) has praised Pakistan for making tangible progress in stabilising its troubled energy sector through tariff rationalisation and targeted structural reforms, while cautioning that deeper, long-term changes are essential to secure lasting sectoral viability. In its latest review under the Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), the IMF said the government had “reinforced energy sector viability through prompt tariff rationalization and structural reforms,” adding that circular debt flow targets in the power sector had been successfully met. The lender highlighted that…

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