Business - DAWN.COM

PSX remains under pressure as shares lose nearly 1,500 points

Analyst attributes downward trajectory to US aid suspension by Trump administration.

Updated 28 Jan, 2025 06:03pm

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
UCAPM	2.8000	0.2700	10.67 ▲	2,857
SANSM	27.9000	2.5400	10.02 ▲	9,151
LEUL	40.3700	3.6700	10.00 ▲	27,151
MRNS	50.6000	4.6000	10.00 ▲	504,404
SSMLNC	13.4600	1.2200	9.97 ▲	1,035,580

Company	Price	Change	Change %	Volume

Source: PSX | Updated Jan 28, 2025

Chinese DeepSeek sparks global AI sell-off, Nvidia loses about $593bn of value

Nvidia shares tumble under 17pc, marking a record one-day loss in market capitalisation for Wall Street stock, according to data.

Updated 28 Jan, 2025 04:40pm

Senate body orders fresh audit of solar imports since 2018

Raises red flags over ‘staggering’ transactions by two companies.

Published 28 Jan, 2025 06:54am

Govt admits contraction in industrial, agri sectors

Hopes growth momentum to pick up pace with falling interest rates.

Published 28 Jan, 2025 06:54am

PBC team shares budget proposals

Presents comprehensive set of proposals and recommendations for fiscal policy and tax regime for FY26 and beyond.

Published 28 Jan, 2025 06:54am

Chinese firm offers rice, maize cultivation project for Cholistan

Also offers introduction of GMO cotton for 15 per cent increase in the yield of white lint.

Updated 28 Jan, 2025 10:38am

Oil drops 3pc, stocks tank on DeepSeek news

Oil already down earlier in session on weak economic data from China.

Published 28 Jan, 2025 06:54am

PSX tumbles on ‘poor’ corporate earnings

ECC's decision to increase gas tariff by almost 17pc for captive power plants key depressant.

Published 28 Jan, 2025 06:54am

Industry says single-digit rate will revive economy

Say SBP move would not address the prevailing economic challenges and unlock the country’s growth potential.

Published 28 Jan, 2025 06:54am

SBP cuts key policy rate by 100bps to 12pc

SBP governor says SBP maintains its outlook that it will achieve its goal of $13 billion FX reserves by June.

Updated 28 Jan, 2025 08:12am

Editorial: It is time to prioritise long-term stability over unsustainable faster growth

The US vibe shift and its global impact

A stable Middle East offers economic, diplomatic opportunities to Pakistan

Highlights

Finance: The three “Fs” of economy

Pension pain

Editorial: Remittances must be channeled for development instead of squandering on imported luxuries

Finance minister has extracted as much revenue as he could from existing taxpayers

Tariff wars on the horizon

Year of stabilisation

Aurora

Ad agencies have failed to reinvent themselves

How can creativity change the world?

The best and worst ads of 2024

Business & Finance

Trump’s contradictory stance on oil

Industry experts believe the US president’s push for the Opec+ alliance to lower oil costs conflicts with his plans for an energy-dominant America.

Updated 27 Jan, 2025 10:32am

The US vibe shift and its global impact

Pakistan will likely have to walk a tightrope, balancing its relations with Washington and Beijing as the US begins its tariff journey.

Updated 27 Jan, 2025 10:15am

Microfinance on the verge of collapse?

Despite expanding financial inclusion, Pakistan’s microfinance sector faces a deepening crisis, with rising losses, dwindling capital, and regulatory complacency threatening sustainability.

Updated 27 Jan, 2025 01:16pm