Business
The Pakistan Stock Exchange (PSX) soared to a historic high on Monday as bullish sentiment drove the KSE-100 index past the 148,000 level. The rally was driven by Fitch’s positive outlook on Pakistani banks, Moody’s recent upgrade of Pakistan’s sovereign rating to Caa1, and renewed
Business
Fitch Ratings has projected a steady improvement in Pakistan’s economy, expecting real GDP growth to reach 3.5% by 2027, compared with 2.5% in 2024. The agency noted that the country is emerging from a period of severe instability marked by high inflation and currency volatility. Inflation, which
Business
The Federal Board of Revenue (FBR) has announced that there will be no extension in the deadline for submitting income tax returns for the 2025 fiscal year. Tax officials said the deadline remains September 30, covering income earned between July 2024 and June 2025. A user-friendly tax return form
Business
Gold has made a swift recovery in Pakistan, ending a week-long downward run with fresh gains. Figures shared by the All Pakistan Gems and Jewelers Association showed that gold per tola rose by Rs 1,500, bringing the new price to Rs 357,700. At the same time, 10
Business
foodpanda, Pakistan's leading food and grocery delivery platform, proudly hosted a grand Rider Appreciation Day in Karachi, Lahore, and Islamabad. This event was a tribute to the riders and their families, honouring their hard work and highlighting the company's commitment to their well-being and professional
Business
The federal government is considering reopening gas connections after 13 years, but consumers may find the new facility much more expensive. Officials from the Petroleum Division said a plan has been shared with the cabinet to allow 120,000 fresh connections in the first phase, with significantly higher charges than
Business
The Pakistan Stock Exchange (PSX) opened with strong momentum on Monday, fuelled by improved investor confidence following an upgrade in the country’s sovereign credit rating and a steady flow of positive earnings reports. At 10:30am, the KSE-100 Index was recorded at 147,091.44, a gain of
Business
The Pakistani rupee showed resilience against the US dollar at the start of the week, with exchange rates across markets recording minimal fluctuations. Data released on Monday indicated that the dollar was being exchanged at Rs284.65 for buying and Rs285.25 for selling in the open market on 18
Business
The federal government has turned down a request for reduced gas tariffs aimed at benefiting export-oriented industries, citing concerns that similar concessions could trigger demands from other sectors. According to reports, the Economic Coordination Committee (ECC), during a recent meeting, noted that concessionary tariffs on gas and re-gasified
Business
inDrive, a global mobility and urban services platform, has won two awards at the prestigious Dragons of Pakistan Awards. The awards include a gold award in the “Marketing Excellence” category for the Ride to Donate campaign and a bronze award for influencer marketing for its campaign Har Ride, Aik Nayi
Business
Karachi, August 15, 2025 – The new Honda CD70 model has been launched in Pakistan at the same retail price, but with enhanced installment options that make it more accessible for daily commuters. Despite unchanged prices, buyers now have the opportunity to purchase the bike through easy installment plans offered by
Business
Industrial units in Special Economic Zones (SEZs) linked to the China-Pakistan Economic Corridor (CPEC) will now get electricity through a single-point connection, following a government decision to simplify the process. The new arrangement allows industries to take charge of their own internal distribution and billing, ending the need