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Pakistan Stock Market crosses another historic record

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Pakistan Stock Market crosses another historic record

Karachi: The Pakistan Stock Exchange (PSX) marked a historic milestone today as the benchmark KSE-100 Index soared past the 165,000 level during intraday trading, reflecting robust investor confidence and strong market momentum. The index surged by over 1,300 points, reaching an all-time high of 165,200 points, compared to the previous closing of 163,847 points recorded … Read more

Merging of Two Greens

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Merging of Two Greens

After more than a decade of diplomatic freeze, Pakistan and Bangladesh appear poised for a cautious thaw. Foreign Minister Ishaq Dar’s recent visit to Dhaka — the first by a Pakistani foreign minister in 13 years — signaled a shift in tone and intention. His warm reception and the signing of six bilateral agreements suggest … Read more

PSX’s record runs by 150k, market cheers fitch’s bank upgrade

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PSX’s record runs by 150k, market cheers fitch’s bank upgrade

Karachi: The Pakistan Stock Exchange (PSX) hit a historic milestone on Tuesday, with the benchmark KSE-100 Index breaking through the 150,000 barrier for the first time ever.  The index closed at a record 150,042.03 points, gaining 1,845.61 points or 1.25% from its previous close of 148,196.42. The rally reflects growing investor confidence, largely driven by … Read more

Pakistan-US trade surplus surges past $4 billion with 16% growth

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Pakistan-US trade surplus surges past $4 billion with 16% growth

The trade relationship between Pakistan and the United States has demonstrated significant growth in the latest fiscal year, with the bilateral trade volume reaching $7.598 billion—marking a robust 16% increase compared to the previous year. Pakistan’s exports to the US rose by 10%, totaling $5.83 billion. Key export categories driving this growth included bed linen … Read more

Stock market soars to record high, Dollar falls against rupee

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Stock market soars to record high, Dollar falls against rupee

Karachi: On the last trading day of the week, the Pakistan Stock Exchange witnessed a significant surge. At the start of the session, the benchmark KSE-100 Index rose by 690 points, reaching an all time high of 146,378 points, the highest level in the country’s history. This follows a strong rally the previous day as … Read more

KSE-100 index hits historic high on fourth consecutive day

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KSE-100 index hits historic high on fourth consecutive day

Karachi: The KSE-100 Index surged impressively today, reaching a record-breaking high during trading sessions. For the first time ever, the index touched an unprecedented level of 146,053 points, marking a significant milestone in the Pakistan Stock Exchange. Trading opened with strong momentum, with the index gaining 704 points, and soon after, it climbed to a … Read more

Iran revives plan to remove four zeros from currency over economic turmoil

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Iran revives plan to remove four zeros from currency over economic turmoil

Iran’s parliamentary economic commission has revived a stalled plan to drop four zeros from its currency, the rial, in an effort to simplify financial transactions and improve the currency’s image. The proposal, approved by the commission, would redefine one currency as equivalent to 10,000 current rials, subdivided into 100 gherans. Originally proposed in 2019, the … Read more

KSE-100 hits historic high, Crosses 142,000 mark for first time

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KSE-100 hits historic high, Crosses 142,000 mark for first time

Karachi: The Pakistan Stock Exchange (PSX) witnessed a historic milestone on Monday as the benchmark KSE-100 Index surged past the 142,000 mark for the first time in history. During the trading session, the index reached a record high of 142,174 points, reflecting strong investor confidence and bullish market sentiment. The index posted a significant gain … Read more

Pakistan supports Iran’s nuclear program, says PM Shehbaz

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Pakistan supports Iran's nuclear program, says PM Shehbaz

Islamabad: Prime Minister Shehbaz Sharif and Iranian President Masoud Pezeshkian held a joint press conference in Islamabad today, highlighting the deep-rooted friendship between Pakistan and Iran, regional developments, and the challenges facing the Muslim Ummah. Several agreements and memoranda of understanding were signed during the meeting. Welcoming the Iranian President and his delegation, Prime Minister … Read more

Pakistan and Iran eye $8bn trade goal to boost bilateral ties

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Pakistan and Iran eye $8bn trade goal to boost bilateral ties

Islamabad: Pakistan and Iran have agreed to elevate their bilateral trade target to $8 billion annually. The decision was made during high-level discussions held in Islamabad between Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, and Iran’s Minister for Industry, Mine, and Trade, Mohammad Atabak. The meeting marked a renewed commitment to economic cooperation and … Read more

India to continue purchasing Russian oil despite Trump’s threat: Report

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India to continue purchasing Russian oil despite Trump's threat: Report

Indian officials confirmed Saturday the country is not altering policy and will continue buying oil from Russia, despite threats of a financial “penalty” from U.S. President Donald Trump. The New York Times, quoting two senior Indian officials, reported that India intends to continue buying discounted oil from Russia, The Indian government has not given any … Read more

U.S. Imposes New Tariffs: 19% on Pakistani exports, 25% on Indian goods

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U.S. Imposes New Tariffs: 19% on Pakistani exports, 25% on Indian goods

WASHINGTON: The United States has changed its global trade policy and has imposed a tariff of 19 % on goods imports from Pakistan and 25 % on India. The U.S. President has signed an executive order regarding tariffs on various countries. According to the order, tariffs on Canada have been increased from 25% to 35%, … Read more

A New Chapter in Economic Partnership: US-Pakistan trade agreement

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Pakistan’s trade hits $2.41bn in FY25

On Thursday, Pakistan and the United States announced a highly anticipated trade agreement, reached just ahead of President Donald Trump’s August 1 deadline. The agreement comes in time to avoid the imposition of higher tariffs by Washington, which were set to take effect on a reciprocal basis against various countries starting Friday (tomorrow). Pakistan Stock … Read more

PM Shehbaz praises President Trump for Leadership in Historic U.S.-Pakistan trade deal

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PM Shehbaz praises President Trump for Leadership in Historic U.S.-Pakistan trade deal

Islamabad: Prime Minister Pakistan has publicly thanked U.S. President Donald Trump for his instrumental role in finalizing a historic trade agreement between the United States and Pakistan. The announcement was made via a post on X (formerly Twitter) early Thursday morning. “I wish to convey my profound thanks to President Trump for his leadership role … Read more

US-Pakistan finalize major trade agreement, a new era of bilateral trade and investment

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Washington: Pakistan and the United States have successfully concluded a major trade agreement aimed at boosting bilateral trade, improving market access, and expanding cooperation in areas of mutual interest. According to the Finance Ministry, the deal will create new trade and investment opportunities in various sectors, including energy, minerals, IT and crypto currency. Under the … Read more

S&P Global upgrades Pakistan’s credit rating to’B, Outlook stable

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S&P Global upgrades Pakistan's credit rating to'B, Outlook stable

S&P Global raised Pakistan’s sovereign credit rating to ‘B’from ‘CCC+’and placed it on a ‘stable’outlook on Thursday, saying the country’s finances and reserves had been stabilised by International Monetary Fund support. “The stable outlook reflects our expectations that continued economic recovery and government efforts to enhance revenue will stabilize fiscal and debt metrics,” ratings agency … Read more

Workers’ remittances increase by 26.6% to $38.3 Billion in FY 2025

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Workers' remittances increase by 26.6% to $38.3 Billion in FY 2025

Islamabad: The State Bank of Pakistan (SBP) announced on Wednesday that workers’ remittances experienced a significant increase of 26.6% in the fiscal year 2025, reaching a total of $38.3 billion. This marks a substantial rise compared to $30.3 billion received during the same period last year (July-June 2024-25). On a monthly basis, remittance inflows in … Read more

Decline in Pakistan Stock Exchange, index drops by 715 points

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Decline in Pakistan Stock Exchange, index drops by 715 points

Karachi: The Pakistan Stock Exchange experienced a downward trend today, with the index falling by 715 points to close at 122,046 points. The prevailing sentiment was predominantly selling, as investors aimed to secure profits, resulting in a decline in the index. During today’s trading session, a total of 75 crore shares were traded, with a … Read more

Chinese Companies Plan Petrol-to-Electric Car Business in Pakistan

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Chinese Companies

Sindh Chief Minister Meets Chinese Investors for Karachi Investments. Chinese companies interested in starting petrol-to-electric car business in Pakistan. The meeting includes Ministers for Planning & Development. Sindh Chief Minister Syed Murad Ali Shah met with a delegation of Chinese investors, led by the Chairman of the Belt and Road (B&R) Group, Mr. Wan Xiaowu, … Read more

Updated Suzuki Alto Payment Schemes in Pakistan for 2024

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Suzuki Alto

Despite its longstanding presence in the market, the Suzuki Alto continues to reign supreme as the preferred choice for buyers seeking an urban ride that offers decent fuel efficiency while fitting within a limited budget. As the cheapest car offered by Pakistan’s oldest auto assembler, the 800cc Alto holds a special place in the hearts … Read more

NAB decides to establish ‘Accountability Facilitation Cell’

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NAB

ISALAMABAD: Chairman National Accountability Bureau (NAB) has said that a new method has been introduced for the protection of government employees and businessmen.

Chairman NAB said in the statement that he will give priority to dealing with complaints against parliamentarians and government officials, while handling complaints against businessmen will also be given priority. He said the action on complaints will be completed within 7 days.

He said that NAB will establish an Accountability Facilitation Cell in the concerned Civil Secretariat, Business Facilitation Cells will be established in regional offices, representatives of the business community will be included in the cell.

He said that no action will be taken on the basis of anonymous and fictitious complaints, all complainants will be dealt with respect, and feedback forms will be given to those who come to the offices for the behavior of the officers.

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Rupee falls against dollar for tenth consecutive session

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Rupee

KARACHI: The rupee fell for the tenth consecutive session on Thursday as the country is facing renewed economic uncertainties over the devastating floods besides a surging dollar. The exchange rate witnessed a loss of Rs1.56 to reach Rs235.88 against the dollar from the previous day’s closing of Rs234.32 at the interbank exchange market. Currency experts … Read more

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