Category: bussines

The bourse scaled uncharted territory on Friday, surging past the 154,000 mark for the first time, lifted by strong liquidity flows and targeted buying in select sectors. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index settled at 154,277.19 points, up 1,611.47 points, or 1.06%, from the previous close of 152,665.72. The index climbed to an intraday high of 154,511.31, gaining 1,845.59 points, or 1.21%, while touching a low of 153,129.78, up 464.06 points, or 0.3%, from the previous close. “Net buying continues based on mutual funds buying, overall positive liquidity…

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By Mudassar Ilyas Kiyani US President Donald Trump signed an order on Thursday to implement the lower tariffs on Japanese automobile imports and other products that were announced in July. Formalising the agreement between the US and a key Asian ally comes after months of negotiations, reduces uncertainty for the massive Japanese auto sector and confirms an agreement for $550 billion of Japanese investment in US projects. The lower tariffs on Japanese autos are set to take effect seven days after the order is published. Some of the tariff relief…

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Prime Minister Shehbaz Sharif on Thursday vowed maximum facilitation of Chinese investors by removing all bureaucratic hurdles as Pakistan and China inked 21 memoranda of understandings (MoUs) worth $4.2 billion in diverse fields. The prime minister unveiled a bold new vision for Pakistan-China economic cooperation, announcing the formal launch of China-Pakistan Economic Corridor “CPEC 2.0” during his keynote address at the Second Pakistan-China B2B Investment Conference held in Beijing. Welcoming the high-level delegates, he described the forum as a reflection of the iron-clad brotherhood between Pakistan and China. Addressing concerns…

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Indian Finance Minister Nirmala Sitharaman announced sweeping cuts to the goods and services tax (GST) on Wednesday, targeting hundreds of everyday products, from soap and toothpaste to small cars and televisions, in an attempt to fire up local demand as US tariffs weigh on the economy. The goods and services tax panel approved lowering taxes on everyday items and simplifying their structure, Sitharaman, who heads the panel that includes ministers from all states, told a late-night press conference. The GST was criticised for its complicated structure and numerous tax categories.…

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has presented comprehensive details of sugar mills and their shareholders to a subcommittee of the National Assembly’s Commerce Committee, identifying major stakes owned by leading political and business personalities. The SECP submitted the information during a meeting on September 2 in compliance with the subcommittee’s demand for complete records of shareholders from 81 companies, as part of its probe into the causes of sugar price hikes. According to the official documents, PML-N leader Hamza Shahbaz Sharif and Nusrat Shahbaz are among…

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Saudi Aramco and Iraq’s SOMO have suspended crude oil supplies to India’s Nayara Energy following European Union sanctions targeting the Russian-backed refiner, according to sources familiar with the development. The halting of supply from the two Gulf exporters means Nayara, majority-owned by Russian entities including oil major Rosneft, relied entirely on Russia for its crude oil imports in August, according to sources and LSEG shipping data. Nayara typically receives around 2 million barrels of Iraqi crude and 1 million barrels of Saudi crude each month, but did not receive shipments…

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The country’s core inflation, measured by the Consumer Price Index (CPI), decelerated to 3% in August 2025 from 4.1% in July, the Pakistan Bureau of Statistics (PBS) said on Monday. According to PBS data, the CPI based inflation during the same month of last year (August 2024) was recorded at 9.6%. On month-on-month basis, it decreased by 0.6% in August 2025 compared to an increase of 2.9% in the previous month and an increase of 0.4% in August 2024. The CPI inflation Urban, increased by 3.4% on year-on-year (YoY) basis…

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The government has maintained the petrol price and cut the diesel by Rs3 per litre for the next 15 days, as per an official notification issued on Sunday. The new prices will be effective from September 1, according to an official notification issued by the Ministry of Finance. It stated that the price of Superior Kerosene Oil (SKO) was reduced by Rs1.46 per litre, and that of Light Diesel Oil (LDO) by Rs2.4 per litre. The new prices of high speed diesel, kerosene, and light diesel will be Rs269.99, Rs176.81,…

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The federal cabinet on Saturday approved a 15% increase in pensions under the Employees’ Old-Age Benefits Institution (EOBI). Talking to journalists, following the cabinet meeting, Minister for Overseas Pakistanis and Human Resource Development Chaudhry Salik Hussain said: “EOBI pensions have been increased.” He said that the EOBI pensioners will be paid, including arrears, from September 1, the minister added. Hussain said that the EOBI would release Rs10 billion in monthly pension. “Pensioners with long service will now be able to receive a pension of more than Rs30,000 per month,” the…

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ISLAMABAD: Federal Minister for Parliamentary Affairs Dr Tariq Fazal Chaudhary on Sunday confirmed the government’s decision to close the Utility Stores Corporation (USC) nationwide, assuring that all employees would be protected through a comprehensive severance package. Addressing a press conference alongside USC Managing Director Shabbir Khattak and Secretary General of the National Welfare Union of USC Raja Muhammad Miskeen, the minister assured that the rights of all USC employees — permanent, contractual, and daily wagers — had been fully protected under the directives of Prime Minister Shehbaz Sharif. He said…

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