ISLAMABAD: The government announced on Tuesday that it had given in-principle approval for selling 30% shares of Pakistan National Shipping Corporation (PNSC) to National Logistics Corporation (NLC) along with management control, kicking off the process to meet formalities. It also announced a technical supplementary grant “amounting to Rs160 million for repair and maintenance of the…
Brokerage estimates transport index up 6.9%, food up 1.5% and SBP policy tightening KARACHI: Pakistan’s headline inflation is projected to rise to 12.2% year-on-year in May 2026 as mounting fuel and food prices outweigh relief from lower electricity charges, according to Optimus Capital Management. The brokerage expects the National Consumer Price Index (NCPI) to increase…
ISLAMABAD: The Special Investment Facilitation Council (SIFC) has stepped in to revive almost two-decade-old Tuwairqi Steel Mills project, owned by a Saudi group, by approving the supply of gas – a critical input for steel production. An agreement for setting up the mill had been signed during the tenure of Pervez Musharraf’s government but later…
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…