Business
The Pakistan Stock Exchange continued its strong run on Wednesday, with the KSE-100 Index surpassing the 145,000 mark — its highest level in history. By the end of the session, the index closed at 145,113.59, marking a 2,076-point rise. The uptrend was led by robust
Business
The Lahore Development Authority (LDA) conducted a large-scale operation on Tuesday, sealing 118 illegal commercial buildings and commercialisation fee defaulters across various LDA-controlled areas and housing schemes. According to LDA officials, the Town Planning Wing sealed: * 12 buildings in Gulberg * 20 in Gulshan-e-Ravi, Samanabad, and Shadman
Business
Controversial property magnate Malik Riaz has warned that Bahria Town, one of Pakistan’s largest real estate groups, is on the brink of a nationwide shutdown due to escalating legal and financial pressure from authorities. In a statement posted on X (formerly Twitter), Riaz claimed that Bahria Town’s operations
Business
Pakistan’s Economic Coordination Committee (ECC) has sanctioned a nationwide subsidy worth Rs9 billion to support the adoption of electric vehicles, particularly two- and three-wheelers, the Finance Division confirmed on Tuesday. The decision came during a meeting chaired virtually by Finance Minister Muhammad Aurangzeb. The scheme, proposed by the
Business
Prime Minister Shehbaz Sharif has directed major reforms in the Zarai Taraqiati Bank Limited (ZTBL) and asked for accelerated efforts to support small and medium-scale farmers through affordable credit. In a key meeting on agriculture loans and banking performance, the prime minister emphasized the vital role of small landholders
Business
Gold lost ground in both local and global markets on Tuesday, halting a two-day rally that had seen prices climb steadily. According to figures shared by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold declined by Rs1,500 per tola, now priced at
Business
Investors in Pakistan celebrated a historic moment on Tuesday as the KSE-100 Index of the Pakistan Stock Exchange (PSX) recorded its highest-ever closing at 143,037 points. The sharp rally was driven by improved market sentiment and favourable economic indicators. The index added 1,222 points during intraday
Business
A recent report by the International Monetary Fund (IMF) has called on Pakistan to take immediate steps to reduce corruption in its top tax agency and to improve how public finances are managed. The report, submitted to the Finance Division, focuses on governance and corruption in Pakistan, with particular attention
Business
In a major move to regulate vehicle safety, the government has finalized a new legal structure for the automobile sector. The “Motor Vehicles Industry Development Bill, 2025” has already received cabinet approval and is slated to be tabled in the National Assembly during the upcoming session. The bill mandates safety,
Business
Gold rates in Pakistan increased again on Monday, in line with a slight rise in the international bullion market. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola rose by Rs500, settling at Rs359,500. The 10-gram rate also saw
Business
Economic Policy & Business Development (EPBD) Chairman Gohar Ejaz termed the trade deal with the United States as a great success, while saying that it would create a competitive environment for Pakistani products. Ejaz in a message on X stated that the US has reduced the tariff on Pakistan from
Business
Suzuki Pakistan has introduced a vehicle exchange program that enables customers to trade in their old cars for new or certified used Suzuki vehicles, streamlining the upgrade process with fair valuations and transparent procedures. Under the initiative, dealerships will carry out inspections using a 130-point checklist, conducted by trained