Category: 3. Business

After another record-breaking surge on Monday, the Pakistan Stock Exchange (PSX) experienced a turbulent session on Tuesday, with the benchmark KSE-100 Index losing 1,509.61 points or 1.33%, closing at 112,414.80. The session began on a positive note as the index hit an intra-day high of 115,036.49. However, profit-taking, and voluminous selling quickly reversed gains, dragging…

Microsoft has been working on adding internal and third-party artificial intelligence models to power its flagship AI product Microsoft 365 Copilot, in a bid to diversify from the current underlying technology from OpenAI and reduce costs, sources familiar with the effort told Reuters. It is the latest effort by Microsoft, which is a major backer…

LONDON: Oil prices rose on Tuesday, reversing the prior session’s losses, buoyed by a slightly positive market outlook for the short term, despite thin trade ahead of the Christmas holiday. Brent crude futures were up 74 cents, or 1%, at $73.37 a barrel, and U.S. West Texas Intermediate crude futures also rose 74 cents, or…

KARACHI, Dec 24 (APP): The President of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI), Atif Ikram Sheikh, Tuesday, apprised that Pakistan-US trade volume that crossed $7 billion mark in 2023 has continued the increase in 2024 as it has crossed $6.3 billion in the first 10 months, January to October 2024. The…

  ISLAMABAD, Dec 24 (APP):Federal Minister for Planning, Development and Special Initiatives, Professor Ahsan Iqbal, chaired a high-level meeting here on Tuesday to review the progress of Special Economic Zones (SEZs) under the China-Pakistan Economic Corridor (CPEC). Among others, the meeting was attended by senior officials from the Special Investment Facilitation Council (SIFC), the Board……

President of Pakistan, Arif Alvi, has appointed Justice Ali Baqar Najfi as the Acting Chief Justice of Lahore High Court. The Ministry of Law issued the notification following the President’s approval, confirming that Justice Najfi will assume office on December 25. Justice Najfi’s appointment has been made under Article 196 of the Constitution. He will…

ISLAMABAD – Cold waves are expected to prevail in Islamabad, Rawalpindi and most parts of Pakistan on Tuesday night, Wednesday and Thursday. As per the Pakistan Meteorological Department (PMD), continental air prevails over most parts of Pakistan. Under these conditions, mainly cold and dry weather is expected in the most parts of Pakistan and very…

KARACHI: The Central Directorate of National Savings (CDNS) has announced a reduction in profit rates for various products, including Regular Income Certificates (RICs), effective from December 10, 2024. Introduced in 1993, the Regular Income Certificates are designed to meet the monthly financial needs of the general public. These certificates are available in denominations of Rs50,000,……

ISLAMABAD, Dec 24 (APP): Minister for National Food Security and Research, Rana Tanveer Hussain on Tuesday emphasized the urgent need for federal legislation for animal health and welfare in the country. Addressing the first Animal Welfare Forum here Tuesday he termed it a significant step toward promoting animal health and welfare. The minister highlighted that…

ISLAMABAD, Dec 24 (APP):The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Tuesday, losing 1,509.61 points, a negative change of 1.33 percent, closing at 112,414.81 points as compared to 113,924.42 points on the last trading day. A total of 880,598,305 shares were traded during the day as compared to 857,834,976…