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Quetta’s business community is threatening mass protests if the government does not roll back controversial tax measures and arrest powers granted to the Federal Board of Revenue (FBR). Business leaders argue that these powers will cripple local trade, especially in economically fragile Balochistan. QCCI Stands Firm Against Budget Measures At a meeting held Saturday, members …
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The Pakistan Stock Exchange (PSX) lit up on Monday as the benchmark KSE-100 Index rallied by 2,202.77 points, closing at 136,502.53 — a 1.64% rise from Friday’s finish of 134,299.76. The index touched an intraday high of 136,841.49, up 1.94%, showing robust investor confidence and positive momentum. Analysts credited the rally to multiple factors: macroeconomic …
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Gold prices continued their sharp upward trend both internationally and in domestic markets on Saturday, highlighting strong investor interest and market volatility. The increase in gold prices comes as global demand pushes rates higher across key markets. Global Market Sees Strong Gain In the international bullion market, gold surged by $11 per ounce, reaching $3,356. …
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Prime Minister Shehbaz Sharif has pledged to revive Pakistan’s economy through bold structural reforms and institutional changes. Speaking to students under the Uraan Pakistan Summer Scholars Programme in Islamabad on July 12, he said the government assumed office in 2023 when Pakistan was close to default, but managed to avoid it through unity and hard …
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WASHINGTON – US President Donald Trump has announced a 30% tariff on imports from Mexico and the European Union. The new tariffs take effect on August 1. The move follows weeks of failed trade talks with both allies. Trump shared the decision in letters posted on Truth Social on Saturday. These tariffs add to others …
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The Pakistan Stock Exchange (PSX) surged on Friday as investor confidence boosted buying across key sectors. The KSE-100 Index crossed 134,000 points, supported by gains in auto, energy, and refinery stocks. This rally reflects growing market optimism around Pakistan’s economic outlook. Market Performance and Momentum The benchmark KSE-100 Index moved between 134,130 and 134,931 during …
Continue reading “Investor Confidence Lifts PSX to Record Close Amid Economic Optimism”
Lucky Cement has clarified that it has not made any binding commitment to acquire Pakistan International Airlines (PIACL), despite being shortlisted in the ongoing PIA privatization process. The company stressed that any decision to proceed depends on the results of due diligence and necessary approvals. Due Diligence Underway The group is now conducting financial, legal, …
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A sharp rise in Gulf remittances helped Pakistan reach an all-time high of $38.3 billion in remittances during FY25, according to central bank data released on Tuesday. This inflow, exceeding the $7 billion IMF loan program, played a key role in stabilizing the country’s economy and boosting foreign exchange reserves. Highest Remittance Inflow in Pakistan’s …
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KARACHI: Pakistan received a record $38.3 billion in workers’ remittances during fiscal year 2025, the State Bank of Pakistan (SBP) said on Monday. This shows a 26.6% jump from $30.3 billion in FY24 — the highest annual inflow in the country’s history. In June 2025 alone, remittances hit $3.4 billion. That’s an 8% increase compared …
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The KSE-100 Index experienced a volatile trading session on Tuesday, rising above the 134,000 mark before ending flat due to late-session profit-taking. Despite intraday optimism, the Pakistan Stock Exchange (PSX) closed marginally higher, reflecting cautious investor sentiment. Market Swings Between Gains and Losses The day began with selling pressure, pushing the KSE-100 down to an …
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US stock futures showed minimal movement early Tuesday as investors reacted to President Donald Trump’s new tariff threats. Futures tied to the Dow Jones Industrial Average hovered just below the flat line, while S&P 500 futures rose by 0.1%. The Nasdaq 100 futures gained slightly, up 0.2%, as the market absorbed political and global trade …
Continue reading “US Stock Markets React Cautiously to Trump’s New Tariff Threats”
Tesla stock took a major hit after CEO Elon Musk revealed plans to launch a new political party, triggering a harsh reaction from former ally and US President Donald Trump. The Tesla stock dropped by 7.6% in premarket trading Monday, marking its steepest decline since early June. Trump Labels Musk a “Train Wreck” Trump took …
Continue reading “Tesla Shares Plunge After Trump Slams Musk’s America Party Plan”
U.S. President Donald Trump reignited trade tensions on Sunday by threatening a new 10% tariff on any country aligning with the “Anti-American policies of BRICS,” causing U.S. stock futures to fall early Monday. Trump made the announcement just as BRICS leaders gathered in Rio de Janeiro for a high-stakes summit. While Trump didn’t cite specific …
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United Bank Limited (UBL) has now become the second most valuable company on the Pakistan Stock Exchange (PSX), marking a major achievement in its financial and strategic journey. The rise in UBL’s market cap highlights growing investor confidence in the banking sector. UBL’s Market Cap Skyrockets According to Topline Securities CEO Mohammed Sohail, UBL’s market …
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The KSE-100 Index soared by 1,262 points on Friday, closing at 131,949 amid rising investor confidence in Pakistan’s economic outlook. The surge reflects bullish sentiment driven by expectations of easing inflation, a stable rupee, rising foreign reserves, and optimism surrounding the upcoming corporate earnings season. Banking Sector Steers the Rally The rally was led by …
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The PSX rally continued its upward trend on Thursday, with the KSE-100 Index closing at a new all-time high of 130,686.66 points, gaining 342.63 points or 0.26%. Earlier in the day, the index reached an intra-day high of 131,325.10, reflecting investor confidence and bullish momentum. Strong Fundamentals Fuel Market Optimism Analysts credited the sustained rally …
Continue reading “KSE-100 Hits Record High as PSX Rally Gains Momentum”
The Pakistan Stock Exchange (PSX) continued its record-breaking streak on Wednesday, as the benchmark KSE-100 Index surged past the 130,000-point milestone for the first time in history. The index closed at 130,344.03 points, marking a sharp gain of 2,144.61 points or 1.67% from the previous close. During the day, the index touched an intraday high …
Islamabad: The National Electric Power Regulatory Authority (NEPRA) has approved a Rs1.15 per unit reduction in the basic power tariff. The revised rates apply to all electricity consumers — except lifeline users — and extend to K-Electric customers as well. The decision follows NEPRA’s public hearing on the Power Division’s proposal for tariff rationalisation. Officials …
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Gold rates in Pakistan remained steady as the country entered the second half of 2025. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), prices held firm amid a calm international market and a stable local currency. Gold Rates Hold Firm As of July 1, the price of 24-karat gold stood …
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The PSX bullish trend kicked off the fiscal year 2025–26 with a historic surge. On July 1, the KSE-100 Index soared by 2,300 points during intra-day trading, reaching an unprecedented level of 128,149.46 before closing at 127,927.49 — up 1.83% from the previous session’s close of 125,627.31. Strong Opening Reflects Market Confidence The Pakistan Stock …
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ISLAMABAD: Pakistani consumers are now paying over Rs101.49 per litre in taxes and duties on petrol, according to a newly surfaced document. This staggering figure includes multiple levies and margins, making up a significant chunk of the final retail price consumers see at the pump. The detailed breakdown includes: Petroleum Development Levy (PDL): Rs75.52 New …
KARACHI: The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index soaring by over 2% to reach an intraday high of 128,149.46 points. This marks another milestone in a fiscal year defined by economic recovery, policy stability, and robust foreign support. The index gained 2,522.15 points from Monday’s close, …
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ISLAMABAD: The federal government has formally requested the National Electric Power Regulatory Authority (Nepra) to implement a uniform electricity tariff across Pakistan, covering both state-run Discos and K-Electric’s service areas, starting July 1, 2025. According to a motion filed by the Power Division, the proposed tariff equalisation will be achieved by incorporating subsidies, surcharges, and …
