A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp reversal in the midday trading session on Friday, with the benchmark KSE-100 Index plunging…
ISLAMABAD: Experts have cautioned that an uncertain monsoon pattern could pose risks to Pakistan’s agricultural sector and broader economic stability, emphasising the need for proactive climate risk management during a policy dialogue hosted by the Pakistan Institute of Development Economics (PIDE). PIDE Registrar Dr Nasir Iqbal said climate change had emerged as a cross-cutting economic…
Repatriation rises 8.66% to $2.0007b as UK, China top list; power sector leads outflows KARACHI: Foreign investors repatriated more than $2 billion in profits and dividends from Pakistan during July-April FY26, up 8.66% over the same period last year, as improving foreign exchange availability and stronger corporate earnings enabled multinational companies to transfer higher returns…
PSX witnessed a strong trend-reversal session as the KSE-100 Index surged 1,836 points (+1.01%) to close at 184,175. Photo: Express KARACHI: At the close of trading on Thursday, the benchmark KSE-100 index surged near 890 points to settle at about 181,400. The market maintained strong bullish momentum throughout the session, driven by declining global oil…
Committee backs mandatory electronic tax filing, social media tax, and legal protection for inherited property The changes amend India’s 2021 IT rules, which have already been a flashpoint between Prime Minister Narendra Modi’s government and global technology companies. PHOTO: PIXABAY The National Assembly’s Standing Committee on Finance on Thursday approved a series of recommendations for…
KARACHI: The government of Sindh’s budget for fiscal year 2026-27 has placed notable emphasis on renewable and alternative energy initiatives within a tightly managed fiscal framework. As outlined in the Sindh CM budget speech, the province is advancing solar deployment and waste-to-energy projects to improve access and support sustainability goals, even as the overall Annual…
Says a high-level committee has also been formed to devise a formula for petroleum products Minister for Petroleum and Natural Resources Ali Pervaiz Malik speaks during an interview with Reuters, during the Pakistan Minerals Investment Forum 2025, in Islamabad, Pakistan April 8, 2025. Photo: Reuters Petroleum Minister Ali Pervaiz Malik said on Thursday that Prime…
The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index closing at a fresh high as positive macroeconomic cues and easing geopolitical concerns boosted investor sentiment. “Bulls extend their grip as optimism lifts the market,” observed Tooline Securities. The local bourse witnessed another bullish trading session today, with investors…
ISLAMABAD: Distribution companies (DISCOs) across Pakistan have introduced a redesigned electricity bill format, marking a significant step in the Ministry of Energy (Power Division)’s consumer-centric reform agenda. The new bill format has been developed with a clear focus on simplicity, readability and an improved consumer experience, presenting key billing information in a structured and accessible…
Says budget move will discourage documentation, put pressure on labour-intensive sector LAHORE: The Pakistan Footwear Manufacturers Association (PFMA) has expressed serious concern over the proposal in the Finance Bill 2026 to place the footwear sector under the Third Schedule, stating that the move may create acute practical difficulties for the industry, discourage documentation efforts and…