Meeting underlines need for facilitative measures, improving ease of doing business ISLAMABAD: Minister of State for Finance and Revenue Bilal Azhar Kayani chaired a consultative meeting at the Ministry of Finance with representatives of the business and export sectors to discuss measures aimed at further improving the tax regime, enhancing export facilitation, and promoting a…
Strait of Hormuz tensions force spot market purchase; delivery scheduled between Tuesday-Saturday ISTANBUL/ KARACHI: Pakistan has launched an urgent tender to buy a liquefied natural gas (LNG) cargo for delivery this week, as renewed tensions in the Strait of Hormuz disrupt energy flows through one of the world’s most important shipping routes. The state-owned Pakistan…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved ten Initial Public Offerings (IPOs) for listing on the Pakistan Stock Exchange (PSX) during the first half of 2026, according to a statement issued on Monday. Nine companies have already completed their IPOs, raising more than Rs20 billion through public offerings. Book building for…
Heavyweight stocks advance across banking, cement, automobiles and energy sectors, pushing the KSE-100 index higher Pakistan equities traded firmly higher on Tuesday, with broad-based buying across heavyweight sectors pushing the benchmark KSE-100 index up by more than 1,200 points in intraday trade, extending the market’s positive momentum. At 1:24pm, the benchmark index stood at 179,488.55,…
KARACHI: Trading remained subdued at the Pakistan Stock Exchange (PSX) on Monday as investors were wary of building fresh positions amid persistent geopolitical uncertainty and mixed global market cues. By the close of trading, the KSE-100 index lost more than 1,150 points. Keeping in view the choppy Asian markets, where optimism over artificial intelligence-driven growth…
Brent August crude futures, which expire on Tuesday, are down 0.9%, or 64 cents, at $72.51 a barrel Oil prices dipped on Tuesday and were poised for a monthly decline, with investors eyeing potential US-Iran talks in Doha amid a strained interim ceasefire in the four-month-old war. Brent August crude futures, which expire on Tuesday,…
. ISLAMABAD: Oil and Gas Development Company Limited (OGDC) has commenced oil production from its Bobi Deep-1 well in Sanghar district, producing 2,000 barrels of oil per day from the Massive Sand of the Lower Goru Formation. The company had announced the discovery on June 3, 2026. OGDC completed the laying of a 1.5-kilometre flowline…
Project aims to strengthen Pakistan’s TVET system, with focus on agriculture by enhancing professional skills Pakistan and Italy on Monday signed a concessional loan agreement worth approximately Rs6.3 billion to support a project aimed at strengthening agricultural skills development and vocational education in the country. The agreement was signed by Economic Affairs Secretary Muhammad Humair Karim and Ambassador…
State-owned Pakistan LNG opens tender for spot LNG cargo for delivery between June 30 and July 4 Pakistan has launched an urgent tender to buy a liquefied natural gas (LNG) cargo for delivery this week, as renewed tensions in the Strait of Hormuz disrupt energy flows through one of the world’s most important shipping routes….
KARACHI: The global recognition of Pakistan’s recent geopolitical goodwill has undoubtedly elevated the country’s international standing under the current civil-military partnership. However, policymakers must now urgently accelerate efforts to convert these diplomatic triumphs into sustainable economic growth. While analysts are already crunching the numbers on the immediate advantages – such as increased trade with Iran,…