$2b profit sent abroad in 10 months

KARACHI: Foreign companies operating in Pakistan repatriated $172 million in profits during April 2026, marking a significant 42% increase compared to the same month of last year, according to data released by the State Bank of Pakistan (SBP). The sharp rise was primarily driven by the financial business sector, which accounted for $72 million in…

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KSE-100 rises 715 points as buying activity picks up across key sectors

Index touches intraday high of 163,814 amid positive investor sentiment, easing oil prices KARACHI: The Pakistan Stock Exchange (PSX) witnessed a cautious yet positive start to Wednesday’s trading session, with the benchmark KSE-100 Index showing early signs of stability amid improving investor sentiment. The benchmark KSE-100 Index was trading at 163,611.87 with gains of 715.19…

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Pakistan-China relations are multidimensional, based on mutual trust, respect: DPM Dar

Says both countries remained in close coordination at international forums to defend interests of developing nations DPM and FM Senator Ishaq Dar addressing the Senate. SCREENGRAB ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar on Wednesday said that Pakistan and China’s bilateral relations were multidimensional and based on mutual trust, respect, and benefit, as…

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Govt approves sale of 30% PNSC shares

ISLAMABAD: The government announced on Tuesday that it had given in-principle approval for selling 30% shares of Pakistan National Shipping Corporation (PNSC) to National Logistics Corporation (NLC) along with management control, kicking off the process to meet formalities. It also announced a technical supplementary grant “amounting to Rs160 million for repair and maintenance of the…

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Bilawal orders PPP Lahore restructuring

PPP chairman instructs party to begin preparations for local bodies elections during his visit to Lahore Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari. SCREENGRAB LAHORE: PPP Chairman Bilawal Bhutto Zardari has instructed the party’s Lahore chapter to immediately complete organisational restructuring down to the grassroots level and begin preparations for local bodies elections during…

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Inflation projected to hit 12.2% in May

Brokerage estimates transport index up 6.9%, food up 1.5% and SBP policy tightening KARACHI: Pakistan’s headline inflation is projected to rise to 12.2% year-on-year in May 2026 as mounting fuel and food prices outweigh relief from lower electricity charges, according to Optimus Capital Management. The brokerage expects the National Consumer Price Index (NCPI) to increase…

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