Economy
Power Generation drops 6.4% YoY in Sep’24
Islamabad, October 23, 2024: Power generation in Pakistan saw a year-on-year decline of 6.4% in September 2024, with total output falling to 12,487 GWh (17,343 MW) compared to 13,339 GWh (18,527 MW) during the same period last year (SPLY). On a month-on-month basis, the country also experienced a 5.3% decrease in power generation, reflecting ongoing…
Pakistan Reports Current Account Surplus in September 2024
Karachi, October 22, 2024: Pakistan has reported a current account surplus of USD 119 million for September 2024, a notable turnaround from the USD 218 million deficit recorded in the same month last year. This marks the second consecutive month of surplus, reflecting a positive shift in the country’s economic landscape. The improvement in the…
KSE-100 Index Gains 409 Points Amid Bullish Momentum
Karachi, October 22, 2024: The KSE-100 index witnessed a robust upward trend today, reaching an intraday high of 788 points before closing at 86,466, marking a gain of 409 points or 0.48%. The positive movement was largely driven by institutional buying and stronger-than-expected corporate earnings. SYS, from the technology sector, surged by 7.41% following the…
Lucky Cement Completes 28.8 MW Wind Power Project, Pioneering Clean Energy Adoption
Karachi, October 22 2024: Lucky Cement has completed and commissioned its 28.8 MW captive wind power project at the Company’s Karachi Plant. The project, executed within the stipulated timelines and budget, officially commenced operations on 22nd October 2024. This significant milestone makes Lucky Cement the first company in Pakistan to implement a hybrid renewable energy…
Country Achieves Monthly Current Account Surplus of USD 119 Million in September 2024
KARACHI, October 21 2024: The country has reported a monthly Current Account surplus of USD 119 million for September 2024, marking the highest surplus since April 2024. This significant turnaround comes after five consecutive months of deficits and represents a notable improvement compared to a deficit of USD 218 million recorded in September 2023 and…