News

PSX hits new peak on earnings optimism

After a day’s pause, the Pakistan Stock Exchange (PSX) resumed its record-breaking momentum on Thursday, with the benchmark KSE-100 index closing at a new all-time high amid rising investor confidence driven by record remittance inflows and renewed access to Middle Eastern financing. The KSE-100 index surged by 1,205.36 points, or 0.91 per cent, to close at 133,782.35 — just shy of the intraday

SBP builds reserves on record inflows, dollar buying

The State Bank of Pakistan (SBP) ramped up its foreign exchange reserves to a 39-month high of $14.5 billion by the end of FY25 after managing to secure $1.77bn during the week ending July 4 — a development aimed at sending a strong signal to market stability. According to SBP data released on Thursday, the central bank’s reserves rose primarily on the back of official inflows, though no specif

SBP builds reserves on record inflows, dollar buying

The State Bank of Pakistan (SBP) ramped up its foreign exchange reserves to a 39-month high of $14.5 billion by the end of FY25 after managing to secure $1.77bn during the week ending July 4 — a development aimed at sending a strong signal to market stability. According to SBP data released on Thursday, the central bank’s reserves rose primarily on the back of official inflows, though no specif

Platform launched to boost digital trade

The Ministry of Commerce on Thursday launched a dedicated platform aimed at accelerating Pakistan’s digital trade and e-commerce ecosystem while enhancing regional business connectivity through digital corridors. The initiative was unveiled at the inaugural GLOBE Pakistan Sum­mit, launched by Rana Ihsan Afzal Khan, Coordinator to the Prime Minister on Commerce, in collaboration with the Trade D

Auto sales surge despite tractor setback

Pakistan’s auto industry posted a strong rebound in FY25, with double- and triple-digit growth across most segments, signalling a revival in demand amid improved macroeconomic conditions. The only exception was the tractor segment, which recorded a sharp 36.4pc decline due to continued stress in the agricultural economy. According to data released by the Pakistan Automotive Manufacturers Associ