KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session in the red amid pre-weekend profit-taking, though the benchmark KSE-100 index posted a robust weekly gain as improving sentiment surrounding US-Iran negotiations and easing oil prices supported investor confidence throughout the week. The market initially extended its bullish momentum on reports that negotiations between the United States…
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: The government on Friday won support from traders for its upcoming tax scheme, which offers a minimum annual tax of Rs25,000 and exempts them from audit and other…
Tola Associates estimates $20b annual inflows; PBC seeks tax relief to stem wealth exodus Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file ISLAMABAD: The government is reviewing a proposal to allow people to…
Petrol price cut by Rs6 to Rs402.98 per litre, while diesel now costs Rs403.58 after latest revision The federal government on Friday reduced the price of petrol by Rs6 per litre and high-speed diesel by Rs6.80 per litre for the next week, according to a notification issued by the Petroleum Division. Under the revised prices,…
Projects include K-P irrigation, Islamabad Jinnah Hospital, Sindh flood rehabilitation, Diamer Basha Dam, ML-1 design Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday chairs a meeting of the National Economic Council (Ecnec). PHOTO: X/ ISHAQ DAR Deputy Prime Minister and Foreign Minister Ishaq Dar on Friday chaired a meeting of the Executive Committee…
KARACHI: The benchmark KSE-100 Index closed lower on Friday, losing 670 points (-0.40% DoD) to settle at 167,844 points as investors opted for profit-booking in the final trading session of the week. Activity remained relatively muted with 170 million shares traded in the KSE-100 universe, reflecting continued cautious positioning, said Ahmed Sheraz of KASB KTrade….
The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: The budget discussions between Pakistan and the International Monetary Fund (IMF) have remained inconclusive, though both sides covered significant ground except for convergence over the cost of tax relief…
Taameer Group expresses interest in expanding investments in hospitality, hotel, real estate, and construction sectors Prime Minister Shehbaz Sharif meets a Qatar-based investment delegation led by Taameer Group founder Muhammad Hussein Al Ali. GOVT OF PAKISTAN Prime Minister Shehbaz Sharif on Friday held talks with a delegation from Qatar-based Taameer Group, led by the group’s…
KARACHI: Pakistan has tapped into China’s vast and growing financial system through its inaugural Panda Bond, opening a new low-cost funding channel with fewer political strings attached that policymakers and analysts believe could help diversify the country’s external financing sources beyond traditional dollar- and euro-denominated borrowing. The RMB1.75 billion ($250 million) sovereign bond, issued in…
KARACHI: Pakistan’s foreign exchange buffers strengthened sharply during the week ended May 15, 2026, as the State Bank of Pakistan’s (SBP) reserves increased $1.214 billion to $17.081 billion, driven primarily by multilateral inflows and recent market-based external borrowing. According to official data, the jump in reserves was largely attributed to receipts from the International Monetary…