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Aurangzeb outlines tough measures for stability
Calls for taxing untapped sectors, export-led growth to avoid BoP issues
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S&P affirms Pakistan’s ‘CCC+’ rating
Says economic stability still remains reliant on external support, favourable financial developments
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Govt makes surprising inflation claim
Finance ministry believes inflation is headed towards single digit
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PSX under pressure after modest rate cut
KSE-100 index drops 198.94 points, settles at 78,628.81
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New industrial zone in Karachi celebrated
Industrialists praise initiative in Surjani, say move will boost SMEs sector, employment
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Global companies face earnings challenge
Despite matching forecasts, many companies are cutting sales outlook and leave investors disappointed
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Cotton production shows alarming decline of 48%
Climate change, pests, rising costs drive urgent calls for policy reforms, support
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Global sales at McDonald's drop for first time in four years
The fast-food giant's global sales were affected by the Middle East conflict and China market.
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Govt plans to issue debit cards for PSEs
It will address petty cash issues; evaluation committee formed
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Industrialists decry insufficient rate cut
Call for further reductions to support struggling SMEs, boost economic growth
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Crypto shares surge after Trump’s remarks
Crypto exchange Coinbase’s shares climbed 3%, miners Bitfarms, Riot Platforms and CleanSpark between 4% and 5%
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Fitch upgrades Pakistan’s long-term rating
Rating rises to ‘CCC+’ on improved foreign debt repayment capacity
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Stocks surge on Fitch ratings upgrade
KSE-100 index gains 798.23 points, settles at 78,827.74
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Textile millers seek details of IPP deals
Ask govt to make information public about PPAs, amendments made
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Indonesian envoy highlights Balochistan’s trade potential
Balochistan’s geostrategic position can play an important role in Pakistan’s geo-economy
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Govt proposes risky terms for PIA
Buyer-favoured terms allow partial payments, debt-based investment in 3 years
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SBP cuts policy rate to 16-month low
Governor projects 2.5-3.5% growth compared to 2.4% growth in FY24
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Fitch upgrades Pakistan's rating to 'CCC+' from 'CCC'
Upgrade signifies improvement in Pakistan's external liquidity, funding conditions strengthened by IMF agreement
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Unprecedented employment crisis and brain drain
Many young people are either without work or trapped in positions that fail to match their skills
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IPPs: nationalisation a flawed idea
Country needs to cut line losses, privatise distribution, create competitive market
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Unjustified investor criticism puts mega projects at risk
Already, inflationary wave has shaken industry, made it uncompetitive against regional peers
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Using Sukuk for developing vital infrastructure
Approach allows govts to undertake projects without overburdening fiscal budgets
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The dawn of a multi-currency world?
As global trust in the US dollar wanes, de-dollarisation gains momentum
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Trump vows to make US the crypto capital and Bitcoin superpower
Trump stated that Bitcoin is the future and should be mined, minted, and made in the USA to lead globally.
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US senator to propose 1-million-unit Bitcoin purchase program
The proposal aims to fortify the dollar against inflation and secure US leadership in global finance.
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IMF head raises alarm over weakest growth prospects in decades
Georgieva emphasized the interdependent challenges like high debt and digital transition complexities.
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Illegal cigarettes cost country Rs310b
Advocacy group for action to curb tax evasion, conduct digital monitoring
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Privatisation board okays PIA, DISCOs’ sale
Says three DISCOs to be privatised by 2025; financial advisers appointed
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PSX slumps amid heavy selling, political chaos
KSE-100 index drops 2,089 points, or 3% WoW, settles at 78,030
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China’s industrial profits soar despite woes
Rapid production growth promotes stable recovery of corporate revenue
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India to decide sugar sale price, ethanol use
Govt official says ethanol policies will be set before next season
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G20 agrees to taxing highly rich, but remain undecided
Global South seeks venue with better representation, Yellen urges sticking to OECD
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Swiss central bank chief defends stance
Says being ‘boring’ is better than pursuing wrong monetary policy
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Businessmen ask PM to review SRO 350
Traders unable to file sales tax return due to SRO’s application
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Wafi Energy acquires majority stakes in Shell Pakistan
$70m investment aims to revive operations, makes strategic acquisition in Pakistan
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IT ministry dissolution opposed
Telecom service providers write letter; seek evaluation of such decision
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Around 80 nations forge landmark digital commerce pact; US stands apart
New rules include e-signature recognition, anti-fraud measures and support for least-developed countries
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Traders threaten nationwide protests against govt’s tax policies
Community outrightly rejects govt's newly introduced trader-friendly tax scheme, describing it as ‘anti-trader’
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Inflation slows to 26-month low
SPI stands at 20.09% year-on-year vs nearly 44% in late Jan 2024
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Apple joins US voluntary commitments for responsible AI innovation
Biden's administration released an implementation roadmap for critical and emerging technology, reinforcing AI safety.
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US presidential vote to be impacted by crypto views, report finds
Gemini's survey reveals that crypto has become a significant campaign issue in the upcoming US presidential election.
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Trump's upcoming speech boosts Bitcoin by 4.5% in 24 hours
Trump's keynote speech in Nashville is expected to be optimistic, potentially impacting the cryptomarket.
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Retailers decry highest tariff of Rs77 per unit
Say soaring costs have sparked business closures, increased poverty
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Political, economic worries pull PSX down
KSE-100 index dips 439.82 points, settles at 78,029.51
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Global stocks rise as US inflation moderates
Markets see less than 5% chance for rate cut of at least 25bps
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Cooperation with Beijing urged in flaxseed cultivation
Area under oilseed crop has remained static for 15 years as farmers face barriers
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Pak, China launch report on SEZs
Aims to boost economic collaboration, industrial growth via strategic policies
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AI policy to be presented to cabinet
Minister directs Special Task Force on AI to complete consultation process before August
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NEPRA directs K-Electric to avoid load-shedding
Writes letter to company CEO in wake of heat wave, public complaints
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Rupee strengthens amid optimistic inflow outlook
Currency gains Rs0.07, buoyed by expected foreign aid, loan rollovers