The business community in Karachi observed a partial strike on Saturday against the tax measures and arrest powers of the federal tax authority under the Finance Act FY26. The call for a countrywide strike was issued last week by the Karachi Chamber of Commerce and Industry (KCCI), backed by trade bodies, industrial area associations, petroleum dealers, transporters, and chain store operators.
The Pakistan Stock Exchange (PSX) extended its record-breaking run on Thursday as a bullish rally lifted the KSE-100 index past the 138,000-point mark, fuelled by aggressive institutional buying and optimism over upcoming corporate earnings. According to Topline Securities, after pausing for two sessions, bullish sentiment returned strongly, pushing the benchmark index to an intraday high of
The Pakistan Stock Exchange (PSX) on Thursday continued its renewed bullish momentum as it crossed the 138,000-point barrier. The benchmark KSE-100 index rose by 1,785.25 points, or 1.31 per cent, to stand at 138,165.21 points at 11:57am, from the previous close of 136,379.96 points. The index closed at 138,665.49 points, up by 2,285.53 points or 1.68pc. Awais Ashraf, research director at AK
The National Assembly’s Standing Committee on Defence on Thursday reaffirmed its support for the government’s decision to privatise Pakistan International Airlines Company Ltd (PIACL), while underscoring the need to preserve the airline’s heritage and protect the rights of its employees. Chaired by Fateh Ullah Khan, the committee emphasised that any future operator must ensure that PIA aircraf
Despite record-high remittance inflows and a current account surplus, the currency market is facing a dollar shortage, with banks charging higher than the officially quoted rates, according to market sources. Currency experts expressed surprise over the tight dollar liquidity, especially after the close of the fiscal year 2024-25 and the completion of all due payments by the State Bank of Pakis