After days of selling pressure, buying returned to the Pakistan Stock Exchange (PSX) amid optimism over the release of funds from the International Monetary Fund (IMF), with the benchmark KSE-100 gaining over 900 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 169,329.62, up by 917.39 points or 0.54%. “Reclaiming and holding the 169,0
Markets got off to an uneven start in Asian trading on Wednesday as worries about the Iran conflict and health of the AI sector dominated ahead of the Federal Reserve’s decision and earnings from tech megacap stocks later in the session. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2%, retreating for a second day from record highs set on Monday, led by declines for Taiwa
The State Bank of Pakistan (SBP) decided on Monday to keep its benchmark policy rate unchanged at 10.5% in its first Monetary Policy Committee (MPC) meeting of 2026. SBP Governor Jameel Ahmad announced the decision in a press conference. Inflation in Pakistan could be above 7% in some months of the current fiscal year’s second half, he said. The country’s gross domestic product (GDP) would g
Diplomats and business leaders from across Southeast Asia gathered at the Lahore Chamber of Commerce & Industry on Monday for the ASEAN Trade & Tourism Conference where speakers called for stronger economic ties between Pakistan and the 10-member regional bloc and identified key barriers hindering greater trade and investment. Presiding over the conference, LCCI President Faheem-ur-Rehman Saigo
Advisor to KP CM on Finance Muzzammil Aslam has said that federal tax revenues are expected to fall short by 800 to 1,000 billion rupees in the current fiscal year, while the Public Sector Development Programme (PSDP) has been reduced by 180 billion rupees. In a statement issued here from his office on Wednesday, Muzzammil Aslam stated that as a result of these two measures, Khyber Pakhtunkhwa