Pakistan Stock Exchange (PSX) came under intense selling pressure on Monday, with the benchmark KSE-100 index plunging 2,288 points, as domestic political tensions weighed heavily on investor sentiment, while falling international oil prices failed to provide relief. The index settled at 165,867.32, down 1.36% from the previous close of 168,155.49. It hit the intra-day high of 167,918.37 and lo
The State Bank of Pakistan (SBP) has released its Annual Report on Payment Systems, highlighting that fiscal year 2025-26 witnessed a strong momentum in the ongoing transformation of the payment landscape, with consumers, businesses, and financial institutions increasingly embracing mobile apps, internet banking, e-money wallets, QR-based payments, and other digital channels. This growth has been
Federal Minister for Finance Muhammad Aurangzeb has said Pakistan has the investment framework and financing available and the world should provide the capacity needed to complete projects. Pakistan is ready for investment and has met its basic requirements by controlling its deficit, increasing foreign exchange reserves, securing an improved credit rating and issuing Panda and Eurobonds. He ma
The government has allowed Mari Energies to carry out airborne field detection survey operations in different areas in Khyber-Pakhtunkhwa (K-P), including Waziristan, and Balochistan. Mari Energies has also been allowed temporary import of aircraft to conduct surveys of different sites in the two provinces. Sources said that Mari had been granted a conditional NOC for carrying out an airborn
The salaried class has paid Rs144 billion in income tax in this fiscal year, which is Rs90 billion more than the taxes paid by retail and realty sectors, highlighting a widening disparity under the International Monetary Fund (IMF) programme that has endorsed a 50% cut for real estate and a fixed tax scheme for retailers. Official record of the past two fiscal years and provisional figures of t