Business
PSX Maintains Bullish Momentum, Gains Over 600 Points
The Pakistan Stock Exchange (PSX) continued its upward trend on Thursday, extending its bullish momentum for the second consecutive session as investor confidence strengthened following the staff-level agreement between Pakistan and the International Monetary Fund (IMF) for a $1.2 billion loan package. During intraday trading, the KSE-100 Index surged by 685.25 points, reaching 166,371.63 points, […]
Petrol prices in Pakistan likely to drop from October 16
Consumers in Pakistan may finally get some respite from rising fuel costs as petrol and diesel prices are expected to decrease starting October 16, 2025, following a decline in global crude oil rates. According to early estimates from the oil industry, petrol prices could fall by Rs6.10 per litre, while high-speed diesel (HSD) is likely […]
Pakistan’s Foreign Exchange Firms Report Decline in Dollar Sales
Pakistan’s foreign exchange companies have reported a notable decline in dollar sales to banks during the first quarter of fiscal year 2026, reflecting growing pressure on the currency market amid tightening dollar liquidity and slower remittance inflows. According to data released by the Exchange Companies Association of Pakistan (ECAP), exchange firms sold $646 million to […]
IMF to Receive Briefing on Pakistan’s New National Tariff Policy Today
The International Monetary Fund (IMF) delegation currently in Pakistan will be briefed today on the macroeconomic implications of the country’s newly introduced National Tariff Policy 2025–2030, according to official reports. The meeting aims to provide the global lender with a comprehensive understanding of the policy’s expected impact on trade, fiscal management, and industrial growth. The […]
IMF Dismisses Pakistan’s Marginal Power Subsidy Plan for Industry
The International Monetary Fund (IMF) has reportedly rejected a proposed energy relief package from Pakistan’s Ministry of Energy that sought to offer surplus electricity to industrial sectors at marginal cost. According to informed sources, the proposal involved providing up to 8,000 megawatts of surplus electricity to industries — specifically AI, data mining, and manufacturing — […]
Bank Makramah Limited Accelerates Recapitalization with Major Capital Injections and Strategic Asset Sale, Signaling Robust Future Growth
Karachi, July 4, 2025 – Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance […]
BRT Peshawar Fares Revised: Commuters to Pay More from July
In a significant update for Peshawar’s public transit users, TransPeshawar has announced a fare hike for the Bus Rapid Transit (BRT) system, effective July 1, 2025. The updated fare plan was finalized during a session of the company’s Board of Governors, marking the first fare revision in several years. Under the new structure, the per-stop […]
Xiaomi and Gran Turismo announce partnership
Lahore, Pakistan, June 16, 2025 — Xiaomi and Polyphony Digital today announced a landmark partnership at Round One of the Gran Turismo World Series 2025. Under this collaboration, Xiaomi SU7 Ultra — Xiaomi EV’s top-of-the-line high-performance luxury electric vehicle — will debut in the globally acclaimed racing simulator Gran Turismo 7, for PlayStation 4 and […]
Budget 2025-26: Construction Sector and Overseas Pakistanis Poised for Key Concessions
The upcoming federal budget for 2025-26 is shaping up to offer substantial relief to the construction sector and overseas Pakistanis, reflecting a broader strategy to bolster economic activity and encourage remittances into Pakistan’s real estate market. Prime Minister Shehbaz Sharif has reportedly directed top officials to prioritize these areas. According to information from the Federal […]
Pakistan’s Economy on Path to Recovery, Finance Minister Highlights Reforms
Finance Minister Muhammad Aurangzeb on Economic Progress Pakistan’s economy is moving towards stability and growth, thanks to the government’s strategic fiscal policies, according to Finance Minister Muhammad Aurangzeb. Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Aurangzeb reiterated the government’s commitment to necessary policy reforms. His remarks came during a panel […]