Category: Uncategorized

Bears dominate at stock market as KSE-100 index sheds over 1,400 points

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stock market

KARACHI: Pakistan Stock Exchange (PSX) extended its negative momentum on Tuesday, with the benchmark index closing lower amid persistent selling pressure and cautious investor sentiment.X The market opened in the green and staged a brief early rally, pushing the benchmark to an intra-day high of 169,237.51 points. However, the positivity proved short-lived as sustained selling emerged across key sectors, dragging the index sharply into negative territory by mid-morning. The index hit an intra-day low of 163,907.59 points before recovering some losses in late-session trading. Despite the partial rebound, the market closed on…

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Arif Habib-Led Consortium Moves to Acquire Full Control of PIA

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ISLAMABAD:* The consortium led by the Arif Habib Group has announced plans to acquire the remaining 25 per cent government stake in Pakistan International Airlines (PIA), aiming to secure complete ownership of the national flag carrier. In December 2025, the group purchased a 75 per cent stake in PIA for Rs135 billion, with a commitment to turn around the loss-making airline through operational restructuring, fleet modernisation, and enhanced customer services. The acquisition of the remaining shares, valued at approximately Rs45 billion, will enable the consortium to implement its revival strategy…

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Pakistan secures $3mn GEF funding for marine biodiversity, sustainable fisheries

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marine-pollution

Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced on Saturday Pakistan had secured $3 million from the Global Environment Facility (GEF) to conserve marine biodiversity and accelerate a shift toward sustainable and regenerative fisheries management. In a statement, the maritime minister said the project titled ‘Conserving marine biodiversity by accelerating transition to sustainable and regenerative fisheries management practices’ would be executed by the Ministry of Maritime Affairs. Proposed by the Ministry of Maritime Affairs through the Ministry of Climate Change and Environmental Coordination, it aligns with national priorities and…

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Gold rises Rs7,000 in Pakistan, $70 on world markets

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gold price

10-gram price climbs to Rs451,784; silver per tola declines to Rs8,219, 10-gram price to Rs7,046 Gold prices rose in both international and Pakistani local markets on Saturday, reversing some of the losses seen a day earlier, while silver prices in the domestic market continued to weaken. In the international bullion market, the price of gold per ounce gained about $70 to reach $5,042, reflecting renewed bullish momentum in global precious metals trading. In Pakistan’s domestic market, gold also strengthened as the price per tola rose by Rs7,000 to Rs526,962, and…

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NEPRA Notifies Prosumer Regulations 2026 to Strengthen Distributed Energy Framework

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nepra

Islamabad, February 9, 2026:In a significant move aimed at promoting distributed and renewable energy generation across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has officially notified the National Electric Power Regulatory Authority (Prosumer) Regulations, 2026, providing a comprehensive legal framework for electricity consumers who also generate power. Issued through S.R.O. 251(I)/2026, the new regulations have come into force with immediate effect under Section 47 read with Section 7(1) of the Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997. Enabling Consumers to Become Power Producers The Prosumer…

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