December 26, 2024
Sci & Tech

TPL REIT collaborates with TASC Towers to buy a telecom tower company

The acquisition of a Telecom Tower Infrastructure Company through an Infrastructure Real Estate Investment Trust has been agreed upon by TPL REIT Management Company Limited, a wholly-owned subsidiary of TPL Properties Limited, and UAE-based TASC Towers (REIT). TPL RMC and TASC, as a consortium, took part in an auction process for the purchase of a […]

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Business

Bulls push the KSE-100 index above 43,000 on optimistic cues

KARACHI: Stocks rose on Monday as a result of Saudi Arabia’s plans to renew its $3 billion deposit with Pakistan and renewed optimism for the International Monetary Fund (IMF) programme. The benchmark index KSE-100 of the Pakistan Stock Exchange (PSX) opened today’s session at 42,857.57 points, but it rose by 695.97 points, or 1.62%, to […]

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Business

Against the dollar, the Pakistani Rupee is still rising

KARACHI: During intraday trade on Friday in the interbank market, the Pakistani rupee strengthened against the US dollar for the sixth session in a row. In the course of the day’s trading, the rupee gained 2.15 percent versus the dollar and closed at 224, down from Thursday’s finish of 226.15. The currency appreciated significantly Tuesday, […]

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Business

Miftah Ismail claims that Pakistan is on the “correct track,” but he foresees more dark days

KARACHI: While stating that Pakistan was moving in the right way on Friday, Finance Minister Miftah Ismail could not completely rule out the potential that the nation may experience difficult times in the future. The finance minister spoke at a gathering at the city’s Pakistan Stock Exchange (PSX) and said: “Although we are moving in […]

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Business

Pakistan moves closer to the IMF programme, sending PSX soaring

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) increased by about 900 points during Wednesday’s intraday trade as Islamabad fulfilled the final need to restart the International Monetary Fund’s (IMF) loan programme. By 1:10 p.m., the benchmark KSE-100 index had risen by 895.43 points to reach 41,087.04 points. It had started the […]

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Business

PSX weekly review: In a volatile rollover week, stocks only manage a little rise

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index fluctuated between the red and green, making trading there turbulent for most of the sessions during the previous futures rollover week. It increased just 73 points, or 0.18 percent, to close at 40,150 points, maintaining its previous level. The stock market started the week off poorly […]

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