Category: bussines

Investor sentiment remained cautious on Monday, with the stock market extending losses amid uncertainty over Pakistan’s stalled International Monetary Fund (IMF) review, deteriorating external balances, and lingering fiscal pressures. “Markets are reacting to news flow around the IMF, shortage in FBR revenues, and the increasing trade deficit, which is leading to profit taking and pushing the index down,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities. “Result season should help ease this pressure in the coming days,” he added. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed at 158,443.42,…

Read More

The stock market traded cautiously on Friday, fluctuating within a range as investors weighed Pakistan’s ongoing International Monetary Fund (IMF) review, persistent geopolitical and global economic headwinds. “Stocks are under pressure amid security unrest and geopolitical uncertainty,” said Ahsan Mehanti, Managing Director and CEO of Arif Habib Commodities. “Weak global crude oil prices and weak global equities amid fears over the outcome of the US Govt shutdown, US tariffs played a catalyst role in bearish activity at PSX,” he added. During intraday trading, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100…

Read More

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday imposed a Rs25 million penalty on K-Electric for failing to restore electricity promptly after the nationwide power breakdown in January 2023. According to NEPRA’s order, the penalty was levied after the utility was found non-compliant with several provisions of the NEPRA Act, Licensing Rules, and Grid Code. The regulator noted that K-Electric’s repeated tripping of black start facilities during the restoration phase highlighted a lack of mock testing and preparedness. The authority observed that the company’s system should have stabilised…

Read More

KARACHI: Sindh Chief Minister Syed Murad Ali Shah and Saudi-Pakistan Joint Business Council Chairman Prince Mansoor bin Mohammad Al Saud on Thursday agreed to strengthen bilateral economic ties through enhanced collaboration and targeted investments in energy, infrastructure, agriculture, and tourism sectors. The chief minister hosted the visiting Prince Mansoor and his 30-member business delegation at the CM House, where both sides discussed new opportunities for trade, energy, infrastructure, agriculture, and tourism. The meeting marked a major step toward strengthening bilateral ties and advancing shared economic goals under Saudi Vision 2030,…

Read More

The State Bank of Pakistan (SBP) revealed on Thursday that the overseas workers’ remittances witnessed an increase of 8.41% during the first quarter (July-September) of the current fiscal year 2025-26. The inflow of $9.536 billion was recorded during July-September 2025-26 compared to the inflow of $8.796 billion during July-September 2024-25, showing a growth of 8.41%. Similarly, on a year-on-year basis, the workers’ remittance went up by 11.33% in September 2025 to $3.183billion from $2.859 billion during the same month last year. Remittances inflows during September 2025 were mainly sourced from…

Read More

The International Monetary Fund (IMF) on Thursday said Pakistan has made notable progress toward a staff-level agreement on key economic reviews, following intensive talks on fiscal reforms, financial stability, and measures to strengthen economic resilience. An IMF team, led by Iva Petrova, visited Karachi and Islamabad from September 24 to October 8, 2025, to hold discussions on the second review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF). “The IMF mission and the Pakistani authorities made significant progress toward reaching a…

Read More

ISLAMABAD: In line with a key demand by the International Monetary Fund (IMF), the Federal Board of Revenue (FBR) issued a draft to amend the Civil Servants’ Assets Declaration Rules, officials confirmed on Wednesday. Under the proposed amendments, the assets of all government officers from Grade 17 to Grade 22 will not only be declared but also made publicly available, allowing citizens to view their holdings from the date of joining service till the present. According to the FBR notification, the definition of a “public servant” will now include all…

Read More

KARACHI: Gold prices in Pakistan surged to a record high on Wednesday, following a steep rise in the internation market. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold surged by Rs8,400 per tola, bringing it to Rs425,178, the highest level ever recorded in the country. The rate for 10 grammes of 24-karat gold increased by Rs7,202, closing at Rs364,521, while 10 grammes of 22-karat gold stood at Rs334,156 after gaining Rs6,602. In the global market, gold rose by $84 to reach $4,039…

Read More

Gold prices broke $4,000 for the first time on Wednesday as investors piled into the safe haven over expectations for US interest rate cuts and worries over the US government shutdown. The rally in the precious metal also came after concerns that a tech-fuelled rally that has sent some equity markets to record highs may have gone too far, fanning talk of an asset bubble. Traders have been piling into gold all year, pushing it up more than 50% since the turn of the year, on the back of a…

Read More