Category: bussines

ISLAMABAD: The Asian Development Bank (ADB) has endorsed a $200 million loan aimed at upgrading the Pakistan’s power distribution network. According to a press release issued on Wednesday, the funding will enhance the capacity of distribution companies (Discos) to provide consistent and reliable electricity. The lender’s “Power Distribution Strengthening Project” will focus on reducing significant energy losses during transit and enhancing the resilience of infrastructure against climate change and disaster-related risks. In its initial phase, the project will support three major distribution companies namely Lahore Electric Supply Company (Lesco), Multan…

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The stock market made history again on Tuesday by surpassing the 111,000-point milestone for the first time. This record-breaking rally was driven by robust macroeconomic indicators and increasing remittance inflows, showcasing heightened confidence in Pakistan’s economic recovery and a positive investment outlook. The KSE-100 Index surged 1,044.35 points, or 0.95%, to reach an intraday high of 111,014.73, building on Monday’s close of 109,970.38, underscoring continued investor optimism as the market extends its unprecedented streak of gains. The rally highlights improving sentiment around Pakistan’s economic outlook, driven by declining inflation, stronger…

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