PSX rallies to all-time high on defence deal
KARACHI: The Pakistan Stock Exchange (PSX) closed at a historic high on Thursday, reaching near the 158,000-point mark, despite challenges posed by recent floods and...
Category : Business
Current account gap narrows to $245m
KARACHI: Pakistan’s current account deficit (CAD) for August stood at $245 million, a slight improvement compared to the previous month’s deficit of $379m, according to...
PAMA warns of looming uncertainty
KARACHI: Pakistan’s auto industry has warned that more international firms could exit if the government continues with “regressive and exploitative” policies, citing Yamaha’s recent pullout...
All govt payments to be digitised by June 2026
ISLAMABAD: A parliamentary committee was informed on Thursday that Pakistan plans to digitise all payments by the federal, provincial, and local governments, as well as...
Foreign investment plunges
KARACHI: Foreign direct investment (FDI) fell 22 per cent in the first two months of the current fiscal year, undermining government efforts to attract inflows...
Cotton output rises 40pc despite floods
LAHORE: The country’s cotton production surged by 40 per cent year-on-year to 2.004 million bales by Sept 15, according to data released by the Pakistan...
‘Customs has power to recover uncollected taxes’
ISLAMABAD: The Supreme Court ruled on Thursday that the Customs authorities have the power to recover uncollected import sales tax and advance income tax resulting...
$7.7bn package for Reko Diq approved
ISLAMABAD: The government on Thursday approved definitive agreements and financial commitments for the revised cost of $7.723 billion for the first phase of the Reko...
India’s securities and exchange board dismisses Hindenburg allegations against Adani group
The Securities and Exchange Board of India (SEBI) on Thursday dismissed allegations of stock manipulation against billionaire Gautam Adani and his group of companies made...
PSX rises by 1,700 points on back of bolstered investor confidence after Saudi defence pact
The Pakistan Stock Exchange (PSX) rose by 1,700 points on Thursday to settle near the all-time high of 158,000 on the back of increased investor...