Government Seeks IMF Approval to Pass CPP Levy onto Electricity Consumers
The government has decided to seek approval from the International Monetary Fund (IMF) to redirect the levy collected from captive power plants (CPPs) to electricity…
Business
Gold surges to record Rs376,700 amid global rally
Gold prices in Pakistan climbed to a new record on Wednesday, following the global rally in the yellow metal. Softer US jobs data have fueled…
FBR cracks down on officials involved in smuggled vehicle regularization
The Federal Board of Revenue (FBR) has launched strict action against officers implicated in the fraudulent regularization of smuggled vehicles, underscoring its zero-tolerance stance on…
Brisk Buying Drives PSX to New All-Time High Despite Flood Threats
The Pakistan Stock Exchange (PSX) made history again on Thursday as share prices surged, pushing the benchmark index to an all-time high. Investors engaged in…
Pakistan Stock Exchange Hits Record High Amid Rally
The Pakistan Stock Exchange (PSX) surged to a new record high on Wednesday, with the index crossing the 152,000 mark amid improving economic stability and…
SBP Chief Projects GDP Growth Between 3.25% and 4.25%
The State Bank of Pakistan (SBP) has projected GDP growth of 3.25 to 4.25 percent for FY26, citing improvements in key macroeconomic indicators. However, the…
PSX surges past 150,000 as bulls dominate trading
The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday, with the benchmark KSE-100 Index crossing the 150,000-point mark, reflecting renewed investor confidence despite…
Interest rate reduction demanded as CPI hits historic low of 3%
Mr. S. M. Tanveer, Patron-in-Chief of UBG, has called for a reduction in the interest rate to 6% following a sharp decline in the Consumer…
Gold price soars past $3,500, sets new record
Gold prices surged to a record high above $3,500 on Tuesday, as investors flocked to safe-haven assets amid global economic uncertainty. The precious metal touched…
Pakistan retires $9.2 billion in domestic debt as fiscal discipline strengthens: official
Pakistan has retired Rs2,600 billion ($9.2 billion) debt to central and commercial banks in less than one year, the country’s finance adviser said on Sunday,…