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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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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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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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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 …
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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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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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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ISLAMABAD – In much-needed relief for electricity consumers in Karachi, the power tariff is likely to be reduced by Rs4.69 per unit for K-Electric users. The National Electric Power Regulatory Authority (NEPRA) has scheduled a hearing on June 19 to review K-Electric’s petition seeking a tariff cut under the monthly fuel adjustment formula. If NEPRA …
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The Federal Board of Revenue (FBR) has officially brought online shopping within the tax net under the Finance Bill 2025-26. According to The News, this significant move aims to regulate the growing e-commerce sector and ensure tax compliance from digital marketplaces, payment intermediaries, and courier services involved in the sale of goods and services ordered …
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The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday as investor sentiment turned bullish after the federal government unveiled its FY2025–26 budget. The benchmark KSE-100 Index surged by 2,111.52 points, or 1.73%, to hit an intraday high of 124,135.96. The index also recorded a session low of 123,237.99, still reflecting a significant rise …
Continue reading “CGT Relief Sparks Stock Market Rally Post-Budget”
In a surprising turn, tax exemptions in Pakistan have soared to a record Rs5.8 trillion during the current fiscal year. The massive jump in tax exemptions comes despite the government’s efforts to withdraw several concessions. The keyword “tax exemptions” takes center stage as this unexpected spike raises serious questions about fiscal management. Exemptions Rise Sharply …
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ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb is set to present the federal budget 2025–26 today in the National Assembly. The session will begin at 5 PM under the chairmanship of Speaker Ayaz Sadiq. The session will open with the recitation of the Holy Quran, Hadith, a Naat, and the national anthem. After that, the …
Continue reading “Govt to Present Rs17.6tr Budget for FY26 in NA Today”
Pakistan’s GDP growth outlook took center stage as Finance Minister Muhammad Aurangzeb unveiled the Economic Survey 2024-25. He projected a 2.7% GDP growth for the current fiscal year, presenting it as a sign of steady recovery in a volatile global environment. Ambitious Growth Target According to the National Accounts Committee, GDP grew by 1.37% in …
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Pakistan’s confirmation of acquiring J-35 stealth jets from China has triggered a rally in Chinese defence stocks. The deal, which had been circulating through unofficial channels for weeks, was confirmed last week by Prime Minister Shehbaz Sharif in a social media post. Chinese Stocks Respond Strongly Following the announcement, shares of AVIC Shenyang Aircraft Co.—the …
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The Pakistan Economic Survey 2024–25, a crucial document that assesses the country’s economic performance over the past year, will be officially launched today. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb is scheduled to present the survey, which outlines the government’s evaluation of key economic indicators and sets the groundwork for the upcoming federal …
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Amid tight fiscal constraints imposed by the International Monetary Fund (IMF), the government is mulling a 5% to 7.5% increase in salaries and pensions for public sector employees in the upcoming Budget 2025–26. The Pakistan Peoples Party (PPP), a key coalition partner, is pushing for a 10% raise, either in the budget announcement or during …
Continue reading “Govt Considers 5–7.5% Salary, Pension Hike Under IMF Watch”
Investor confidence surged at the Pakistan Stock Exchange (PSX) on Thursday, as the KSE-100 index hit an all-time intraday high of 122,281.58 points. This marked the first time the index crossed the 122,000 mark, continuing the bullish momentum from earlier in the week. Record-Breaking Intraday Performance The market opened strong at 121,886.21 and quickly rallied. …
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As Finance Minister Muhammad Aurangzeb prepares to present the national budget on June 10, economists stress the importance of strategic budget planning. The country faces a tough balancing act—meeting defence needs without damaging economic progress. Finance Minister Promises Bold Moves Aurangzeb has hinted at bold fiscal reforms. He aims to reduce the tax burden on …
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In a key breakthrough, the International Monetary Fund (IMF) has agreed to income tax relief for Pakistan’s salaried class in the upcoming federal budget for 2025-26. According to official sources, this marks a major concession from the IMF during budget negotiations with Islamabad. Tax-Free Limit Set to Rise One of the most notable proposals is …
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The Pakistan Stock Exchange (PSX) extended its bullish run on Wednesday, with the KSE-100 Index climbing 1,347.99 points, or 1.12%, to close at a new all-time high of 121,798.86. This followed Tuesday’s impressive surge of over 1,500 points. During the session, the index touched an intraday high of 121,882.47, reflecting a gain of 1.19%. Even …
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In a historic rally, the KSE-100 index of the Pakistan Stock Exchange (PSX) closed above 120,000 points for the first time. The index ended Tuesday’s session at 120,450.87, gaining 1,573.07 points or 1.32%. This bullish momentum comes just days ahead of Pakistan’s federal budget announcement for FY2025–26. Intra-Day Highs and Market Activity The index hit …
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The gold price forecast turned bullish on Monday as geopolitical tensions between the US and China pushed investors toward safe-haven assets. Gold rose over 2.5%, climbing above $3,350 amid growing uncertainty and a weakening US Dollar. Tariff War Escalates Market anxiety intensified after US President Donald Trump announced plans to double tariffs on Chinese steel …
Continue reading “Gold Prices Surge as US-China Tensions Fuel Safe-Haven Demand”
The federal government has slightly increased the petrol price by Re1 for the next 15 days. The new price stands at Rs253.63 per litre, effective from June 1, according to a notification from the Finance Division. The decision comes amid mostly stable global oil prices, with only slight movements in crude oil markets in recent …
Continue reading “Govt Hikes Petrol Price by Re1 Amid Stable Global Market”
