KARACHI: Pakistan Stock Exchange (PSX) on Tuesday staged a modest rally as investors remained calm and engaged in healthy buying activity following recent losses. Positive sentiment prevailed after international oil prices fell nearly 2% in early Asian trade over US President Donald Trump’s statement that he had paused a planned attack on Iran to allow…
The project will upgrade key N-5 highway sections across Sindh, Punjab and Khyber-Pakhtunkhwa The agreement was signed between Muhammad Humair Karim Kidwai Secretary EAD and Konstantin Limitovskiy Chief Investment Officer, Public Sector & Project and Corporate Finance at AIIB. PHOTO: APP The Economic Affairs Division (EAD) and the Asian Infrastructure Investment Bank (AIIB) on Tuesday…
KSE-100 index settles higher as easing oil prices and pause in Middle East tensions fuel broad-based buying KARACHI: The Pakistan Stock Exchange (PSX) staged a robust rally on Tuesday as investors maintained a calmer frame of mind and continued a healthy buying spree throughout the day. Positive sentiment prevailed in the market after international oil…
Sindh assigned Rs200b provincial target; Punjab, K-P, Balochistan to contribute rest ISLAMABAD: The centre on Monday urged all provincial governments to collect more than Rs400 billion in additional taxes in the new fiscal year, mainly from agriculture, services and real estate sectors, to meet a major condition of the International Monetary Fund (IMF). With the…
The negative quarterly tariff adjustment and the positive monthly fuel adjustment will effectively neutralise each other’s financial impact, opening up a window of relief of up to 20 paisa for consumers. photo: file ISLAMABAD: The government on Monday claimed to have rescued consumers from up to Rs6-per-unit electricity tariff hike following timely interventions to arrange…
KARACHI: Pakistan’s technology exports maintained strong momentum in April 2026, rising 33% year?on?year to $423 million from $317 million in the same month last year, the State Bank of Pakistan (SBP) reported on Monday. Trend data from several research houses showed technology exports steadily strengthening over the past year. In March 2025, IT exports stood…
KARACHI: The Pakistan Stock Exchange (PSX) on Monday came under severe selling pressure, tracking a broader global market decline, as fears of rising inflation intensified amid a global oil crisis. The bourse plunged nearly 3,800 points, triggered by stalled US-Iran peace negotiations, which kept tensions high around the Strait of Hormuz and pushed crude prices…
ISLAMABAD: In recent years, the annual federal budget of Pakistan has become a stereotypical exercise of repackaging and introduction of new taxes to increase the revenue and rhetoric of austerity measures. It is quite difficult to find any bold or game-changing ideas to go beyond a narrow fiscal umbrella. Interestingly, as preparations for the federal…
Pakistan’s economic trajectory being shaped by complex interplay of external shocks, internal policy responses The government wants to accelerate economic growth to lower rising poverty and unemployment, but the IMF was of the view that Pakistan has not yet reached a stage where it can afford sustainably higher economic growth. PHOTO: Reuters KARACHI: Pakistan’s economic…
ISLAMABAD: “At the beginning of a dynasty, taxation yields large revenue from small assessments. At the end, taxation yields small revenue from large assessments” – Ibn Khaldun. Ibn Khaldun wrote these lines centuries ago, long before the arrival of missions of the International Monetary Fund (IMF), quarterly review meetings and “mini-budgets”. He nevertheless understood something…