News

PSX Closing Bell: Bulls Ring the Bell

The benchmark KSE-100 Index concluded Monday's trading session at 187,454.69, posting a gain of 2,082.49 points, or 1.12%, as investors extended aggressive buying amid easing global oil prices and an improving geopolitical backdrop, while optimism over stronger corporate earnings and economic stability further lifted sentiment. Market participants remained encouraged after oil prices edged lowe

Court dismisses TRG appeal against JS Bank

The Honourable XIIth Additional District Judge/Model Civil Appellate Court, Karachi-South, has dismissed TRG Pakistan Limited's civil appeal against JS Bank Limited and other parties in a judgment dated July 1, 2026. The court upheld its earlier order, which rejected TRG Pakistan's plaint in the civil suit under Order VII Rule 11 of the Code of Civil Procedure, 1908. The case, titled "TRG Pa

SBP limits minimum savings return to Rs10m balances

The State Bank of Pakistan will restrict applicability of the minimum rate of return on saving deposits to natural persons (individuals) maintaining a monthly average balance of up to Rs10 million, according to a circular issued by the central bank. The instructions, effective from August 01, 2026, mean that the minimum profit rate requirement earlier notified vide BPRD Circular No. 05 and IFPD

Govt borrows Rs1tr debt in a week

The government of Pakistan has acquired an additional debt of Rs1.05 trillion during the week ended June 26, 2026, which brings its total net borrowing for ongoing fiscal year 2027 to Rs2.97 trillion, according to the central bank's weekly estimates. The government sector borrowings are divided into three broad categories based on the purpose of loan which are budgetary support, commodity opera

Aurangzeb reaffirms commitment to Medium-Term Tax Strategy

The Government of Pakistan will stay the course on its reform agenda to strengthen macroeconomic stability, improve competitiveness, and support sustainable economic growth. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb made these remarks while chairing a meeting with members of the Pakistan Business Council (PBC) during his visit to Karachi, where discussions centred on P