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Russia Proposes Two Revival Plans for Pakistan Steel Mills

ISLAMABAD: The Russian government has put forward two proposals for the revival of the struggling Pakistan Steel Mills (PSM). One option involves a blast furnace model estimated to cost USD 1.91 billion, while the other is based on Electric Arc Furnace (EAF) technology with an estimated cost of USD 1.05

PKR Posted Marginal Gain

KARACHI: The Pakistani rupee registered a slight gain against the US dollar in the inter-bank market on Thursday. By the end of trading, the local currency closed at 281.11 per dollar, appreciating by Re0.01. A day earlier, the rupee had settled at 281.12, according to data from the State Bank

PSX Declines

KARACHI: The Pakistan Stock Exchange (PSX) ended Thursday on a negative note as heavy profit-taking across key sectors offset early gains, despite the bourse recording its highest-ever trading volume. Read More: https://epaper.brecorder.com/2025/10/17/1-page/1070441-news.html

PKR Appreciates Further

KARACHI: The Pakistani rupee recorded a slight gain against the US dollar, appreciating by 0.01% in the inter-bank market on Wednesday. By the close of trading, the local currency stood at 281.12, rising by Re0.03 against the greenback. Read More: https://epaper.brecorder.com/2025/10/16/1-page/1070267-news.html

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