Category: bussines

The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday, with the benchmark KSE-100 Index climbing to an all-time high. During intraday trading, the KSE-100 Index touched an all-time high of 161,688.01 points during intraday trade, up 2401.97 points or 1.51% from the previous close of 159,280.09. Analysts attributed the surge to strong liquidity inflows, backed by improved geopolitical outlook and signs of domestic macroeconomic stability. Highlighting the continuation of the recent trends, Head of Research at Lucky Investment Muhammad Saad Ali attributed the PSX performance to market optimism…

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Prime Minister Shehbaz Sharif said on Wednesday that Pakistan is steadily advancing towards meeting the targets of the International Monetary Fund (IMF) programme, but emphasised that the economic fallout from recent floods must be considered in the Fund’s forthcoming review. Massive floods across the country have struck both the rural heartland and industrial centres for the first time in decades, causing billions of dollars in damage while straining food supplies, exports and a fragile economic recovery. Record monsoon rains since late June, amplified by dam releases from India, have submerged…

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ISLAMABAD: The World Bank (WB) has called for people-centred reforms in Pakistan, following a 7% increase in the country’s poverty rate over the last three years. The Washington-based lender’s report “Reclaiming Momentum Towards Prosperity: Pakistan’s Poverty, Equity and Resilience Assessment”, issued on Tuesday, is based on 25 years of official household surveys in the country and marks the first comprehensive evaluation of poverty and welfare trends in the country since the early 2000s. Speaking at a press briefing in this regard, WB Country Director Bolormaa Amgaabazar said that the poverty…

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ISLAMABAD: The Federal Board of Revenue (FBR) is set to extend its crackdown on tax evasion to Khyber Pakhtunkhwa and Sindh, sources said on Monday. Notices have been issued to jewellers who are either unregistered or have paid insufficient taxes, sources within the FBR said. Jewellers in several cities, including Rawalpindi, Faisalabad and Multan, have already received notices over unpaid taxes. The FBR officials have stated that out of the 57,000 jewellers across the country, only 20,000 have registered themselves. Of the 20,000 registered jewellers, 10,000 have filed their tax returns,…

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US President Donald Trump and British Prime Minister Keir Starmer hailed the deepening of their nations’ “special relationship” on Thursday, saying a raft of deals worth 250 billion pounds had made those bonds “unbreakable”. At the start of a business reception, some of the leading names in US and UK business were welcomed by the two leaders and praised for helping cement ties by investing in deals ranging from technology to energy. It was the second day of Trump’s unprecedented second state visit to Britain, which the US leader described…

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The bourse rallied to unprecedented heights on Thursday, fuelled by strong sentiment after Pakistan and Saudi Arabia signed a strategic defence agreement “The news about the defence partnership has brought excitement across the board. This is a major macro rerating game changer that can pour more liquidity and reduce risk premium,” AAH Soomro, an independent investment and economic analyst. “The index may head upwards without corrections,” he added. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 157,953.46 points, up 1,775.65 points, or 1.14%, from the previous close of…

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ISLAMABAD: The federal government has increased the price of diesel by Rs2.78 per litre for the next fortnight of September 2025. The revised prices are based on OGRA’s recommendations, inputs from the relevant ministry, and fluctuations in the international oil market. In a statement, the Finance Division said that diesel, which previously cost Rs269.99 per litre, will now be sold for Rs272.77. Products Existing Prices w.e.f. 01.09.2025 New Prices w.e.f. 16.09.2025 Increase/Decrease High Speed Diesel (HSD) 269.99 272.77 +2.78 MS (Petrol) 264.61 264.61 +0.00 The government, however, decided to keep petrol…

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India and the United States will resume trade discussions in New Delhi on Tuesday, with officials signalling a push to accelerate negotiations after Washington’s recent tariffs hit Indian exports. India and the United States will “fast-track” trade talks, Rajesh Agarwal, India’s chief negotiator and a special secretary in its commerce ministry, told reporters at an event for the release of trade data, but gave no details. US trade representative for South Asia Brendan Lynch is set to make a one-day visit to New Delhi on Tuesday, Agarwal said. India’s exports…

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