News

Stocks open strong, KSE-100 up 1,700 points in early trade

The Pakistan Stock Exchange (PSX) opened on a strong note, with the benchmark KSE-100 Index gaining nearly 1,700 points during the opening minutes of trading on Monday. At 9:35am, the benchmark index was hovering at 186,786.74, an increase of 1,687.91 points or 0.91%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and g

BML completes financial restructuring, enters new phase of profit & growth

ank Makramah Limited (BML) has announced the successful implementation of its court-sanctioned financial restructuring plan, as disclosed through Pakistan Stock Exchange (PSX) notices. Approved by the Islamabad High Court, the restructuring eliminates accumulated losses through a capital reduction, leaving the bank with a clean balance sheet and positioning it for sustainable, profitable growth.

Minister directs achieving revenue collection targets

Khyber Pakhtunkhwa Minister for Excise, Taxation and Narcotics Control, Syed Fakhar Jehan directed the Excise and Taxation offices in Peshawar and district-level officers to intensify efforts to achieve revenue collection beyond the assigned targets. He was speaking during a meeting at the Directorate General of Excise, Taxation and Narcotics Control, Hayatabad, to review the six-month performa

EU carbon tax: Green Grid certification essential to save exports: PBIF

Mian Zahid Hussain, President Pakistan Businessmen and Intellectuals Forum & All Karachi Industrial Alliance, Chairman National Business Group Pakistan and Chairman Policy Advisory Board FPCCI, said that the survival of Pakistan’s export sector hinges on two critical policy shifts: the immediate introduction of “Green Grid” certification for industrial estates to bypass European carbon taxes, and

Traders concerned at suspension of trade with Afghanistan

Businessmen from Pakistan and Afghanistan have termed the three-month closure of cross-border trade between the two neighbouring countries as disastrous for the regional economy, urging authorities to review the decision and allow resumption of commercial activities for the benefit of millions of affected people. Senior Vice President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI