Major Breakthrough in the Energy Sector: Second Gas and Oil Discovery in Sujawal

Pakistan has hit another significant milestone with the discovery of gas and condensate from the exploration well Jhim East X-1, situated in Block 2467-16 (Shah Bandar) in District Sujawal, Sindh. This marks the second discovery in the Shah Bandar Block, showcasing the company’s prowess in unlocking the region’s hydrocarbon potential.   Operated by PPL with […]

IMF Review Signals Positive Turn for Pakistan’s Economic Landscape

In a welcome turn of events, the recent IMF review has proven successful, marking a significant milestone for Pakistan’s economic landscape. The smooth and timely completion of the review, a far cry from the discontent witnessed last year, indicates a positive shift in the authorities’ management of the policy framework.   The IMF, in its […]

Pakistan’s Current Account Deficit Plummets by 91% in October 2023

In the latest economic snapshot, Pakistan’s current account revealed a deficit of $74 million in October 2023, a notable 91% decrease compared to the $849 million recorded in the same month last year. This positive annual trend signals a significant improvement, emphasising the country’s resilience in managing its economic affairs.   However, on a monthly […]

PSX Surges, Breaks 59,000 Barrier Amid Positive Economic Indicators

In a thrilling display of financial fervour, the Pakistan Stock Exchange (PSX) has soared to unprecedented heights, crossing the remarkable 59,000 milestone in intraday trading. This achievement, marking yet another all-time high on Friday, underscores the continuing bullish momentum that has characterised the preceding sessions.   As the clock struck 10 am, the KSE-100 index […]