Business
PSX Gains Over 500 Points on Buying Rally
The Pakistan Stock Exchange (PSX) witnessed a strong buying rally on Thursday morning, as investor sentiment lifted following government steps to tackle circular debt. At 10:05am, the
Business
Business
CII Clarifies No Final Ruling on Withholding Tax
The Islamic Ideological Council (CII) has clarified that no final decision has been taken regarding the withholding tax on bank transactions in Pakistan. The council emphasized that the
Business
IIC Declares Withholding Tax as Un-Islamic Move
The Islamic Ideology Council (IIC) has declared withholding tax on bank withdrawals un-Islamic, labeling it an oppressive burden on the public. Chairman Allama Dr. Raghib Naeemi emphasized
Business
Pakistan Gold Market Remains Firm at Peak Rates
Gold prices held steady at record levels on Wednesday in both international and domestic markets, reflecting stable demand and consistent investor confidence worldwide. According to the All Pakistan
Business
Terra Motors Launches Kyoro EV in Pakistan Market
Terra Motors, a leading Japanese electric mobility company, has announced its entry into Pakistan’s market with the launch of its flagship electric three wheeler, Kyoro. It is
Business
Banking, Energy Stocks Fuel PSX Rally Despite Global Losses
The Pakistan Stock Exchange (PSX) opened strongly on Wednesday morning, with the benchmark KSE-100 Index rising by nearly 900 points during early trade. By 9:40am, the
Business
Pakistan Sees Historic Surge in Gold Prices
Gold prices in Pakistan soared to unprecedented levels on Tuesday, with pure 24-karat gold approaching the Rs400,000 per tola milestone for the first time in history.
Business
PSX Rallies as Global Tech Optimism Lifts Sentiment
The Pakistan Stock Exchange (PSX) opened higher on Tuesday, with the benchmark KSE-100 Index gaining nearly 1,200 points in early trading. At 10:55 am, the
Business
Rupee’s Record Breaking Streak Continues
The Pakistani rupee maintained its winning run on Monday, rising for the 32nd consecutive session versus the US dollar in the interbank market. It finished marginally higher at
Business
Kitchen Essentials See Fresh Hike Across Pakistan
Prices of essential kitchen staples, ghee and cooking oil, have surged once again, delivering a fresh blow to already strained household budgets across Pakistan. Producers have raised ghee
Business
MQM Takes NEPRA to Court Over KE Power Losses
MQM has approached the Sindh High Court against the National Electric Power Regulatory Authority (NEPRA) for allowing K-Electric to recover theft-related losses from consumers. The petition,
Business
Audit Finds PIA Lost Billions in Free Tickets
An audit has revealed that Pakistan International Airlines (PIA) caused losses of more than Rs 9.43 billion to the national exchequer by distributing free and heavily discounted
Business
FBR Warns Taxpayers Ahead of Return Deadline
The Federal Board of Revenue (FBR) has urged taxpayers to file their income tax returns by September 30, warning that no extensions will be granted beyond the deadline.
Business
PSX Extends Gains as IMF Review Builds Optimism
The Pakistan Stock Exchange (PSX) carried its bullish momentum into the new week, with the benchmark KSE-100 Index gaining more than 500 points in early trading on
Business
Global EV Boom, Pakistan’s Targets Face Gap
Global sales of New Energy Vehicles (NEVs) reached 17 million units in 2024, marking a 25 percent annual growth. Forecasts suggest this figure will cross 20 million units
Business
Inflation Dips as Key food Prices Fluctuate
The Pakistan Bureau of Statistics (PBS) reported a 1.34 per cent decline in the overall weekly inflation rate, offering some relief to consumers. According to the data