Record remittances in March prompted a significant rally at the Pakistan Stock Exchange (PSX) on Monday. This bullish performance came after a sharp decline on Friday, which was caused by retaliatory tariffs imposed by China on US goods, resulting in renewed volatility in global markets. Topline Securities Ltd said the bulls stood firm as the benchmark KSE 100 index posted a robust intraday gai
“EARLIER it was CPEC — a game changer! “Then, SIFC — agriculture export boom! “Now minerals! “All claimed to rain foreign investment $s!… final solution to foreign debt crisis! “Results zilch! “How long will we continue to be subjected to such gimmickry?” This was a recent tweet by Kaiser Bengali, an economist who has also served in government more than once, and it came shortly
Soneri Bank Ltd on Tuesday reported that its profit-after-tax fell 16.47 per cent to Rs1.470 billion for quarter ending on March 31 from Rs1.760bn. The bank’s board of directors in its 210th meeting approved the bank’s interim financial statements for the quarter ended March 31. The earnings per share declined to Rs1.04 during the quarter compared to Rs1.59 due to additional tax incidence
Stock markets rose, gold hit another record high and the dollar remained under pressure as investors grappled with the latest twists and turns in US President Donald Trump’s trade war. Technology shares jumped in early Wall Street deals in reaction to late Friday’s announcement by the Trump administration of tariff exemptions for smartphones, laptops, semiconductors and other electronics — al
The Federal Board of Revenue and Supreme Court Bar Association (SCBA) representatives met the International Monetary Fund (IMF) mission on Monday to discuss a host of issues ranging from the tax transformation plan and enhancing actual collection efforts to judicial efficiency, contract enforcement, and property rights protection. The IMF Governance and Diagnostic Assessment teams are in