KARACHI: The KSE-100 index maintained its bullish momentum on Friday, surging by a little over 850 points to close above 185,370, pushing its weekly gains to 3.2%. Strong performances in banking and oil & gas stocks, alongside positive macroeconomic cues including expectations of lower oil prices and the upcoming policy developments, lifted investor sentiment. Market…
ISLAMABAD: Pakistan has recorded a significant improvement in the International Telecommunication Union’s ICT Development Index 2026, jumping 27 places with a 20% increase in its score, according to an official statement issued on Friday. According to the latest data, Pakistan’s ICT Development Index score increased from 56.4 in 2025 to 67.7 in 2026, showing a…
Delegation shows interest in Silicon Village, Pakistan Steel Mills during BOI meeting ISLAMABAD: A UK-China fund has shown interest in establishing technology parks in Pakistan and investing in Pakistan Steel Mills, as the Board of Investment (BOI) held a high-level meeting with a delegation led by David Dai, Executive Director of Sino British Regional Development…
Though Pakistan and Uzbekistan enjoy historical, cultural and brotherly ties, the volume of bilateral trade remains far below the true potential. Trade between the two sides reached only $143 million in FY25. photo:file LAHORE: SM Tanveer, the FPCCI leader and Patron-in-Chief of the United Business Group (UBG), has expressed deep concern over the surge in…
Calls urgent presser while FinMin courts S&P, $5.2b export gap exposes weaknesses KARACHI: When you have absolutely good news one day and absolutely bad news the other, it indicates a problem with economic fundamentals. State Bank of Pakistan (SBP) Governor Jameel Ahmad called an urgent press conference on Friday to share the positive outlook, projecting…
KARACHI: Gold prices declined in both the international and domestic markets after a two-day break on Saturday. In the international bullion market, the price of gold fell by $11 per ounce to $4,174. Reflecting the global trend, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold in the local market…
PAMA seeks PM intervention, warns local manufacturing unviable after Finance Act 2026 All three companies would separately enter into agreements with Ministry of Industries and Production to ensure compliance conditions of the Automotive Development Policy 2016-21. PHOTO: REUTERS LAHORE: The Pakistan Automotive Manufacturers Association (PAMA) has urged Prime Minister Shehbaz Sharif for urgent intervention to…
LAHORE: Cement demand showed a growth of 7.21% during the fiscal year ended June 30, 2026 as 50.515 million tons were supplied to domestic and export markets compared to 47.116 million tons in the previous year. According to data released by the All Pakistan Cement Manufacturers Association, local sales increased from 37.906 million tons in…
Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB FAISALABAD: Finance Minister Senator Muhammad Aurangzeb on Friday said a fully digitalised taxation system is imperative to eliminate leakage and enhance collection without hassle for taxpayers. Addressing the business community at…
KARACHI: The Sensitive Price Indicator (SPI) registered a year-on-year increase of 13.52% for the week ended July 2, 2026, highlighting persistent inflationary pressures on essential commodities as substantial reductions in petroleum prices have yet to translate into meaningful relief for consumers. According to the Pakistan Bureau of Statistics (PBS), the SPI, which tracks 51 essential…