It was a historic day at the Pakistan Exchange (PSX) on Wednesday, as investors rejoiced after the US and Iran agreed to a two-week ceasefire amid Pakistan’s mediation efforts. The ceasefire also triggered a global relief rally, with oil prices plunging sharply and equities surging across the US, Europe, and Asia. Bullish momentum was observed right from the opening bell, as the benchmark KS
The inflow of overseas workers’ remittances into Pakistan stood at $3.8 billion in March 2026, the State Bank of Pakistan (SBP) data showed on Wednesday. Remittances increased by 16.5% on month-on-month basis and registered a decline of 5.5% on year-on-year basis. Cumulatively, workers’ remittances increased by 8.2% to $30.3 billion during Jul-Mar FY26, compared to $28 billion received durin
Asian share markets were in a more sober mood on Thursday as cracks quickly began to appear in the fragile Gulf ceasefire, nudging oil prices back up and reminding investors the inflationary fallout will last for a long time yet. There was scant sign that the Strait of Hormuz was open in any meaningful way, with Iran flexing its control over the vital oil artery and demanding tolls for safe p
The Pakistan Telecommunication Authority (PTA) has drafted a comprehensive licencing framework for Mobile Virtual Network Operators (MVNOs), introducing a structured regulatory regime along with an initial licence fee of USD 140,000, envisaging to expand competition and innovation in the telecom sector. According to the draft licence, MVNOs will be authorized to provide mobile communication ser
Inflows of workers’ remittances posted a robust month-on-month growth of around 17 percent in March 2026, as overseas Pakistanis increased transfers ahead of Eidul Fitr. According to the State Bank of Pakistan (SBP), overseas Pakistanis remitted USD 3.83 billion in March 2026, compared to USD 3.28 billion in February 2026, reflecting an increase of USD 550 million. On a cumulative basis, rem