News

Aurangzeb showcases IT sector’s potential at World Economic Forum

Minister for Finance Muhammad Aurangzeb has emphasised that Pakistan has made significant vertical progress in information technology and is home to the third-largest population of freelancers, which he said is fortunate for the country. Speaking at a high-level panel discussion — on the “Role of New Technologies in Promoting Trade and Investment” — at the World Economic Forum (WEF) on Thursday

PSX ends bearish over tax law worries

Pakistan Stock Exchange (PSX) on Wednesday engaged in highly bearish trading, reflecting investor concerns over the Tax Laws Amendment Bill, which was seeking to bar non-filers from making stock purchases beyond certain limits. Analysts attributed the market's downturn of nearly 1,600 points to apprehensions surrounding the legislative change, alongside broader economic challenges such as rupee

Tourism could generate $2b revenue

Atif Ikram Sheikh, President, and Zaki Aijaz, Regional Chairman and Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), have stressed that Pakistan can generate billions of dollars annually by developing its tourism and culture sectors. In a press statement released on Wednesday, they pointed out that with the global tourism industry valued at nearly $10 trillio

Corporates will ruin agriculture

A gaggle of companies entering the agriculture sector has sparked calls from sustainable agriculture experts for these entities to prioritise food security, lower soaring agricultural prices, and support small growers by improving crop yields with advanced climate-resilient seeds and technology. Experts strongly opposed exploitative practices, urging companies to avoid predatory approaches that ha

Trade war lifts gold prices to near 3-month high

Gold prices in Pakistan experienced their steepest increase in nearly three months on Wednesday, reflecting rising international gold rates driven by trade wars and heightened market volatility following the election of US President Donald Trump. In the local market, the price of gold per tola surged by Rs4,250 to reach Rs287,450. Similarly, the price of 10-gram gold rose by Rs3,642, bringing i