JAKARTA: Indonesia posted a trade surplus of $4.34 billion in September, official data showed on Monday, slightly below economists’ forecast of $4.79 billion, as both exports and imports grew faster than expected. According to Statistics Indonesia (BPS), imports rose 7.17% year-on-year to $20.34 billion, significantly higher than the 1% increase projected by economists in a … Read more
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
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
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
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
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
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’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
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
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
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
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
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
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
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
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 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
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
