PSX ends in red amid oil shock

Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: Pakistan’s stock market remained under pressure during the outgoing week as persistent geopolitical tensions and surging global oil prices kept investor sentiment fragile, leading to…

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‘No war surcharges on shipments’

Customs process 10 complaints as terminal operators agree to demurrage relief for export containers Hang Tong got stuck due to high sea waves and faulty engine while it was returning after offloading shipments at the Karachi port. PHOTO COURTESY: MMNEWS.TV ISLAMABAD: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has said shipping agents assured…

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SECP clears first Shariah credit guarantee

Punjab links transport permits to motor insurance via digital system to strengthen compliance ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved the country’s first Shariah-compliant credit risk-sharing product, enabling Islamic financial institutions to expand financing to underserved sectors such as micro, small and medium enterprises (MSMEs) and agriculture. According to an official…

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Illicit cigarette trade costs Rs300b annually

Weak enforcement measures against illegal manufacturing, smuggling fuel revenue gap LAHORE: Effective control over tax evasion in the tobacco sector can significantly reduce the revenue deficit and enable the government to better withstand internal and external economic pressures. The evolving situation in the Middle East, coupled with the failure to meet tax targets, is putting…

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Trade, climate bodies aim to fix food supply chain

Dairy, food sectors sensitive to energy fluctuations, logistics inefficiencies, meeting told International experience shows that trade tends to stabilise border regions by creating employment, formalising economic activity, and aligning local incentives with peace and continuity. Photo: file ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a meeting with Romina Khurshid Alam, coordinator to the…

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