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 …
Category Archives: Business
Only 3% of Bank Accounts in Pakistan Hold Over Rs. 1 Million
A recent report from the State Bank of Pakistan (SBP) highlights a stark imbalance in the country’s banking sector. Just 3% of bank accounts in Pakistan have a balance exceeding Rs. 1 million, revealing a concentrated distribution of financial wealth. Majority of Accounts Hold Less Than Rs. 50,000 The SBP’s Quarterly Payment Systems Review for …
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KSE-100 Becomes Top Asset Class in FY25 With 55% Return
The KSE-100 Index outperformed all major asset classes in Pakistan during FY25, delivering a powerful 55.6% return. This surge came on the back of aggressive monetary easing, increased liquidity, and renewed investor confidence across key sectors, according to Arif Habib Limited (AHL). Equities Outshine Gold, Bonds AHL’s report highlighted that the KSE-100 outpaced traditional investment …
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Gold Price Sees Steady Trend in Pakistan on June 27 Amid Global Markets
Gold rates in Pakistan remained steady on June 27, reflecting the impact of international market fluctuations. Local Sarafa markets across major cities like Karachi, Lahore, and Islamabad reported consistent pricing, influenced by global demand and currency movement. Current Gold Rates in Major Cities As of Friday, the price of 24-karat gold per tola stood at …
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KSE-100 Hits Record High as Budget Passage Boosts Investor Confidence
Investor confidence soared on Friday as the Pakistan Stock Exchange (PSX) closed at a historic high. The benchmark KSE-100 Index ended the week at 124,379.41 points, its highest-ever closing level. The index gained 2,332 points during the week, fueled by optimism following the approval of the Finance Bill 2025. Budget Clarity Drives Market Sentiment On …
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KSE-100 Jumps 1,581 Points on Budget Approval, US Trade Breakthrough
The Pakistan Stock Exchange (PSX) opened Friday’s trading session on a high note, with the benchmark KSE-100 Index surging by 1,581.77 points, or 1.3%, to hit an intraday peak of 123,628.23. This strong recovery comes a day after the market had dipped over 700 points, reflecting renewed investor optimism following the federal budget’s approval and …
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Gold Holds Modest Gains Near $3,350 Amid Fed Uncertainty
The gold price continues its cautious upward trend, hovering near the $3,350 mark on Thursday as investors respond to growing concerns over the independence of the Federal Reserve. US President Donald Trump’s reported consideration of replacing Fed Chair Jerome Powell has heightened market anxiety, driving demand for safe-haven assets like gold. Meanwhile, expectations of a …
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PPP Raises Red Flags Over Budget 2025 Ahead of Key Vote
ISLAMABAD – The Pakistan Peoples Party (PPP) on Wednesday voiced serious concerns over politically sensitive clauses in the federal budget for the upcoming fiscal year, pushing the government to amend them before the Finance Bill 2025 goes to a vote in the National Assembly today (Thursday). PPP MNA and former finance minister Naveed Qamar met …
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Pakistan, US Near Deal on Reciprocal Tariffs and Trade Expansion
Pakistan and the United States are close to finalizing a key trade agreement centered on reciprocal tariffs, as both sides aim to deepen economic ties and balance trade relations. The breakthrough follows a virtual meeting between Finance Minister Muhammad Aurangzeb and US Commerce Secretary Howard Lutnick, with talks set to conclude next week. Progress on …
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Yuan Edges Higher as Israel-Iran Truce Boosts Market Confidence
HONG KONG – China’s yuan edged higher against the US dollar on Wednesday, reaching near its strongest level in a month, as a ceasefire between Iran and Israel helped calm global markets and encouraged investors to return to riskier assets. The truce, brokered by US President Donald Trump, appeared to be holding firm as of …
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Dollar Crunch Sparks Exchange Rate Instability Amid Regional Tensions
A growing dollar shortage in Pakistan’s interbank market is triggering fresh volatility in the exchange rate. With ongoing geopolitical tensions, including the Iran-Israel conflict and recent skirmishes between Pakistan and India, banks are now offering rates above official levels to attract remittances, while importers are paying a steep premium to secure dollars. Banks Raise Rates …
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Gold Prices Edge Higher in Pakistan Amid Global Uncertainty
Gold prices in Pakistan climbed slightly on June 21, 2025, after several days of decline, as gold prices respond to rising global uncertainty triggered by the ongoing Iran-Israel conflict. The precious metal’s movement mirrors global trends, where market instability continues to influence bullion rates. Latest Gold Rates Across Pakistan According to the All Pakistan Sarafa …
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FBR to Freeze Bank Accounts of Non-Filers in 2025-26 Crackdown
In a bold move to enforce tax compliance, the Federal Board of Revenue (FBR) has announced it will freeze the bank accounts of non-filers during the fiscal year 2025-26. FBR Chairman Rashid Mahmood Langrial shared this during a session of the National Assembly’s Standing Committee on Finance Formal Notices and Strict Action Langrial said formal …
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KSE-100 Index Rebounds by 1,279 Points After Sharp Fall
The Pakistan Stock Exchange (PSX) showed strong signs of recovery on Thursday after two consecutive sessions of intense selling. The benchmark KSE-100 Index rebounded by 1,279.37 points, or 1.06%, hitting an intraday high of 121,745.30. The lowest point of the session was 121,103.35, still reflecting a solid gain of 637.42 points, or 0.53%, compared to …
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PSX Slumps as Iran-Israel Conflict Sparks Investor Caution
The Pakistan Stock Exchange (PSX) extended its losing streak on Wednesday as regional tensions between Iran and Israel cast a shadow over investor confidence. The benchmark KSE-100 Index fell by 1,505.11 points, closing at 120,465.93 — a drop of 1.23% from the previous day. Market Volatility Intensifies Throughout the session, the index touched an intraday …
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Gold Prices Slip Again in Pakistan Amid Global Decline
The gold price in Pakistan continued its downward trend on Wednesday, dropping sharply in response to global market shifts. The cost of gold per tola fell by Rs2,245, bringing the new rate to Rs383,055. This marks the second consecutive day of decline. 10-Gram Rate Also Down The price for 10 grams of gold saw a …
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Govt Cuts Solar Panel Tax to 10% After Backlash
In a major shift, the government has reduced the proposed tax on imported solar panels from 18% to 10%, following industry pressure and parliamentary opposition. The change comes as Pakistan’s solar imports are expected to exceed Rs110 billion in the upcoming fiscal year, reflecting soaring demand amid rising electricity prices. Revised Policy After Consultation Deputy …
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Policy Rate Held Steady as Pakistan Eyes Stable Growth Amid Risks
Pakistan’s Monetary Policy Committee (MPC) has decided to keep the policy rate unchanged at 11 percent, emphasizing monetary stability amid emerging economic risks and steady growth. The committee made this decision in response to rising inflation, external pressures, and budgetary challenges ahead of FY26. Inflation and Growth Outlook Inflation rose to 3.5 percent in May, …
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Petrol, Diesel Prices Hiked Sharply Across Pakistan from June 16
ISLAMABAD – The federal government has announced a sharp increase in fuel prices, raising the cost of petrol by Rs4.80 per litre and high-speed diesel (HSD) by Rs7.95 per litre, effective from June 16. The move comes amid rising global oil prices and a growing financial squeeze as Pakistan implements IMF-backed reforms. According to an …
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Fazlur Rehman Urges Govt to Back Traders
JUI-F chief Maulana Fazlur Rehman has urged the government to extend full support to Pakistan’s business community, describing it as the backbone of the national economy. During his visit to Karachi, he stressed the need for a business-friendly environment and greater respect for traders and industrialists. Meeting with Business Leaders Fazlur Rehman visited the residence …
Gold Prices Surge Again as Market Stays Bullish in Pakistan
The gold price in Pakistan continued its upward momentum for the fourth consecutive day, reflecting a strong bullish trend both locally and globally. On Saturday, rates increased sharply, pushing gold and silver prices to new highs across the country. Gold Gains Rs1,500 Per Tola According to the All Pakistan Sarafa Gems and Jewellers Association, the …
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Israel-Iran Conflict Disrupts Global Supply Chains
Escalating military action between Israel and Iran is now affecting global supply chains, raising alarms in key transportation, energy, and trade sectors. Israel’s targeted strikes on Iran’s military and suspected nuclear facilities, followed by Tehran’s retaliation, have pushed the region closer to broader conflict. As a result, major airlines have suspended flights to Tel Aviv, …
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PSX Tumbles as Israeli Strikes on Iran Jolt Regional Markets
The Pakistan Stock Exchange (PSX) witnessed a sharp plunge on Friday as regional instability escalated following confirmed Israeli strikes on Iranian nuclear and military sites. The benchmark KSE-100 Index, which had shown strong momentum in recent sessions, dropped drastically amid panic-selling and investor anxiety. The index opened at a high of 123,058.06, but quickly reversed …
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