The Pakistan Stock Exchange (PSX) witnessed selling pressure on Monday, with the benchmark KSE-100 Index closing in negative territory with a loss of over 450 points. The benchmark index opened on a negative note and declined towards the session low of 165,918.34 before recovering sharply, climbing above 166,400 points and hitting an intra-day high of 166,698.46. It traded within a relativel
Pakistan and the United States have made substantial progress on several provisions of a proposed reciprocal trade agreement. However, Pakistan’s Commerce Secretary Jawad Paul said on Tuesday that a few technical issues remain to be discussed with the Office of the US Trade Representative (USTR). The development came during a meeting between Federal Minister for Commerce Jam Kamal Khan and Unit
The International Monetary Fund (IMF) has called on Pakistan to rationalise tax concessions and bring under-taxed sectors into the tax net, saying a fairer and more neutral tax system is critical to improving revenue collection, encouraging compliance and supporting private-sector growth. “Addressing under-taxed sectors, rationalising concessions, and reducing disproportionate burden are elemen
The Bank of Punjab (BOP) marked the financial close of a Rs 17 billion Syndicated Islamic Project Finance Facility for Novacare Hospitals (Private) Limited at a signing ceremony bringing together the project’s sponsors, management and participating financial institutions. The facility will support the development of a 250-bed tertiary care hospital and a feeder clinic in Islamabad. Novacare Hos
The German Ambassador to Pakistan Ina Lepel has called for stronger economic engagement between Pakistan and Germany, highlighting opportunities to diversify trade, expand investment, and deepen business-to-business cooperation. Speaking at the Pakistan Textile Exporters Association (PTEA) on Monday, she said businesses in both countries were increasingly seeking to diversify their global partn