Business
PSX climbs 1.3K points amid tax relief optimism | The Express Tribune
The Pakistan Stock Exchange (PSX) wrapped up Friday, November 28, 2025, with robust gains, as the KSE-100 Index rose 1,304 points, or 0.99%, to close at 166,678. The session began on a positive note and held steady, propelled by significant institutional purchases amid reports of the Prime Minister ordering the Federal Board of Revenue to slash super tax rates for big companies, which lifted market morale.
“The market opened firmly and sustained its positive trajectory throughout the session. The rally was fueled largely by institutional buying following media reports that the Prime Minister has directed the FBR to reduce the super tax rate on large corporations, boosting investor sentiment,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
Read: Business leaders demand policy stability away from short-term fixes
Economic indicators revealed the Sensitive Price Index increasing 4.32% year-over-year and 0.73% from the prior week ending November 27. In company developments, Ghandhara Industries (GHNI) unveiled a collaboration with China’s Zhongtong Bus Holding to launch and distribute upscale buses locally, contributing to the upbeat atmosphere.
Top-performing sectors on Friday included technology, exploration and production, power, and cement, with key contributors like Systems Limited (SYS), Pakistan Petroleum (PPL), Hub Power Company (HUBC), Oil and Gas Development Company (OGDC), and Lucky Cement (LUCK) adding a combined 609 points. Trading activity was vigorous, with 589.7 million shares exchanged, worth Rs41.9 billion; Sui Southern Gas Company (SSGC) led volumes at 39.1 million shares.
This Friday’s performance capped a solid week, with the index up 4,575 points overall (2.82%). Analysts foresee continued momentum, possibly testing fresh peaks, though 165,000 could provide initial support in any pullback.
Business
Electricity bills targeted in planned shakeup to energy pricing
The war in the Middle East has brought renewed attention to Britain’s vulnerability to energy price shocks.
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Gadkari urges shift to 100% ethanol blending, flags energy security and import risks – The Times of India
India should aim for 100 per cent ethanol blending in the near future to strengthen energy self-reliance, road transport and highways minister Nitin Gadkari said on Tuesday. He said that vulnerabilities in oil supplies due to the ongoing crisis in West Asia have made it essential for the country to reduce dependence on imports.Speaking at the Indian Federation of Green Energy’s Green Transport Conclave, Gadkari said, “In the near future, India should aspire to achieve 100 per cent ethanol blending… Today, we are facing an energy crisis due to the war in West Asia, so it is necessary for us to become self-reliant in the energy sector,” as quoted by PTI.India currently allows vehicles to run on E20 petrol, which contains 20 per cent ethanol, with minor engine modifications to avoid corrosion and related issues. In 2023, PM Modi launched petrol blended with 20 per cent ethanol. Countries such as Brazil have already achieved 100 per cent ethanol blending.Gadkari noted that India imports 87 per cent of its oil requirements, adding, “We import fossil fuels worth Rs 22 lakh crore, which is also causing pollution… so we need to work on increasing production of alternative fuel and bio-fuel.”On future energy solutions, he stressed the importance of green hydrogen but pointed out challenges in cost and transport. “Transport of hydrogen fuel is a problem. Also, we need to produce 1 kg of hydrogen at $1 dollar, to make India an exporter of energy,” he said, adding that hydrogen production from waste should be explored.The minister also emphasised the role of a circular economy in generating employment opportunities. While calling for reduced reliance on petrol and diesel vehicles, he clarified, “But we can not force people to stop buying petrol and diesel vehicles.”Addressing concerns about E20 fuel, Gadkari said the petroleum sector is lobbying against the move. He also urged automobile manufacturers to prioritise quality over cost to expand into new markets.Last year, Gadkari dismissed criticism against E20 (ethanol-blended petrol), saying a “paid” social media campaign is being run to “target me politically.” He said Society of Indian Automobile Manufacturers and Automotive Research Association of India have shared their findings on ethanol blending in petrol. He added that India’s ethanol programme has benefited farmers, noting that ethanol made from maize has helped them get better prices and led to gains of Rs 45,000 crore.
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Spike in petrol thefts after Iran war pushed up fuel prices
One petrol retailer says he is experiencing about five drive-offs a week at each forecourt, costing him thousands.
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