public sector

Pakistan’s public sector enterprises suffocate under mounting PKR 1.7 trillion debt

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Pakistan’s public sector enterprises suffocate under mounting PKR 1.7 trillion debt

The Pakistan government’s efforts to reform its public sector enterprises (PSEs) have been marred by persistent challenges, as highlighted by recent fiscal data and international funding initiatives, Dawn reported. Despite a substantial loan from the Asian Development Bank (ADB) aimed at bolstering reforms, the cumulative debt of PSEs has soared to PKR 1.7 trillion, with … Read more

Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday

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Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday

The Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade. Sectorally, buying was seen in the public sector, power, and capital … Read more