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PSX plummets over 900 points as political uncertainty sparks panic selling
Market saw fourth straight day of substantial selling, causing a cumulative drop of about 4.60% or 3,000 points
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Cabinet greenlights overhaul, digital transformation of FBR
A Federal Tax Policy Board will be established within Revenue Division as part of approved reforms
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Budget deficit surges over 50%
IMF programme becomes root problem, prevents SBP from lowering key rate
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5G services to begin this August
Govt will auction 300MHz of spectrum, extend optic fibre network
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China Evergrande ordered to liquidate
Offshore investors will be focused on how Chinese authorities treat foreign creditors when company fails
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Differences persist in NEC on transfer of projects
PM asks provinces to take over 68 projects costing Rs121b, stops spending on MPs’ schemes
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SBP holds policy rate at record 22%
Anticipates inflation hitting 23-25%, unveils plans for new currency notes
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Heavy profit-taking ahead of monetary policy
KSE-100 index slumps 1,039.34 points, settles at 62,773.72
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Rupee slips after 3-month high against dollar
Closes at Rs279.64 against greenback
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EU grants over Rs30b more for flood resilience
Sign five new agreements aiming to support recovery
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Philippines envoy eyes more trade
Current trade volume of $209 million was considerably lower compared to other Association of Southeast Asian Nations
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Online gold trading firm being launched today
Setting up of first such company will end speculation
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The rise of South Asian real estate developers in US
They are making significant inroads, transforming American real estate landscape
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SBP maintains key rate at 22%, says inflation still high
Governor Jameel Ahmad says inflation currently at ‘elevated’ level but would ease from March
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Polls, uncertainty, and productivity
Negative productivity growth rates coincide with timing of election years
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FBR reforms: blessing or burden
Institutional framework of tax system has remained mostly unchanged for a century
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Economic revival, CPEC and Agenda 2047 – IV
Second phase of CPEC faces specific challenges unique to its framework
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Unravelling the conundrum of failed welfare policies
Despite subsidies and social programmes, inflation has driven 5% rise in poverty
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Microsoft messaging services restored
Company earlier said it had identified networking issue impacting portion of the Teams service.
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Traders urge FBR chief to tackle smuggling
Say curbs on trade with Afghanistan hurting Pakistan’s economy
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Financial inclusion of special persons urged
Alvi asks CEOs of banks to address challenges being faced in microfinance sector
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BISP stipend raised by 20%
Govt increases financial support for poor in line with commitment to IMF
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Industries seek Rs7b under incremental power package
Caution LSM units going through testing times, on verge of collapse
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France drops plan to cut diesel discount
Protests continue as farmers threaten to converge on Paris
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Bourse rises modestly on debt settlement hopes
KSE-100 index adds 531 points, or 0.84% WoW, settles at 63,813
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Gazprom Neft sees slight surplus on oil market
Company head believes new OPEC+ supply cuts will balance market
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Chinese banks doing well despite turmoil: Yellen
Says US Treasury officials got assurances during visit to Beijing
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Experts see no change in policy rate
IMF recommends Pakistan to maintain tight policy to address challenges
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Five-year plan unveiling delayed
Lack of preparation, mandate concerns stall key initiatives
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PTA report stresses urgent reforms
Shows revenue for foreign investors down from $4.84b in 2018 to $3.03b in 2023
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Expo to unveil energy industry opportunities
Expo aims to bridge gap between students, companies in oil, gas, mineral sectors, fostering awareness
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PRL launches $1.7b refinery upgrade project
Will boost production of profitable, environmentally friendly fuels
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SECP proposes anti-harassment steps
Issues draft amendments to listed companies’ regulations
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Electric bikes gain popularity
500% savings per km, no maintenance drive the surge in sales
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Rupee stable at 3-month high
Appreciates slightly as dollar supply outpaces demand
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Monetary policy concerns drag PSX down
KSE-100 index sheds 484.94 points, settles at 63,813.06
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FM highlights customs’ role in economic growth
Stresses significant impact of smuggling, money laundering, and tax evasion on country’s economy
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Inflation spikes to 43.79% YoY
Squeezes consumer purchasing power as energy, food prices soar
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Pakistan asks China for $2b debt rollover
Finance ministry sources say China was expected to extend the loan payment period soon
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Farmers still grappling with urea availability
Delay in distribution, high prices disgruntle agriculturists
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Oil perks up nearly 2%
Geopolitical tensions in Middle East remained in focus
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FBATI president urges further power tariff cuts
Hussain believes this will enhance overall investment climate, attracting both local, foreign investors
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Debt plan may be sent to IMF
SIFC arm gives directive to seek lender’s approval for Rs1.27tr debt settlement plan
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Forex reserves hit 6-month high at $8.27b
Increase $243m in a week, helping rupee to stay stable
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Profit-taking pulls stock market down
KSE-100 index drops 524.43 points, settles at 64,298.01
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‘Pakistan most attractive investment hub’
Envoy to US invites American investors, highlights SIFC’s role in facilitation
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Work expedited on cannabis authority
It will regulate cultivation of marijuana crop for medical, industrial use
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Roadshow planned for solar plants
Environmental, social impact of floating solar plants has already been studied, declared by experts as manageable
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Cabinet questions FBR restructuring
Members raise concerns over mandate, impact on corruption, tax collection
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Govt raises Rs86b in Sukuk auction at PSX
Falls short of target as investors demand higher rate of profit on possible policy hike