Positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 index gaining nearly 300 points during the opening minutes of trading on Thursday. At 9:45am, the benchmark index was hovering at 166,416.18, an increase of 270.84 points or 0.16 percent. Across-the-board buying was observed in key sectors, including commercial banks, cement, fertilizer, oil and gas
The Universal Service Fund (USF) is poised to achieve a major milestone under the prime minister's Digital Pakistan vision with the approval of nine new telecom projects valuing at Rs13.05 billion. These projects are set to provide high-speed internet and voice services to 5.55 million un-served and underserved residents across 178 towns/union councils and 753 mauzas of 11 districts across the
The struggle of Pakistan's financial managers to achieve revenue targets for the current fiscal year has once again come under the spotlight, with early data pointing to a widening gap between projected collections and actual performance. The first quarter of fiscal year 2025-26 has already revealed a shortfall of nearly Rs200 billion, indicating deeper structural problems in the tax system at
A main arm of parliament on Wednesday declared the International Monetary Fund's (IMF) report an "indictment of the government and parliament", as the finance minister promised to submit an action plan in the current month to address governance and corruption challenges. "We do not want to use the IMF report to criticise, but it is an indictment of the government and parliament," said Syed Nave
A Chinese delegation led by Dong Wei Wei of the HuaRui GuiXing Cultural Group, along with Liu Ying, visited the Gems & Gemological Institute of Pakistan (GGIP) on Wednesday. Earlier in February 2025, GGIP and HuaRui GuiXing Group signed an MoU aimed at enhancing bilateral cooperation in the gemstone and jade jewellery industry, including capacity building, value addition, technology transfer, a