News

PSX succumbs to profit-taking pressure

The Pakistan Stock Exchange (PSX) registered a notable fall on Wednesday as caution gripped investors amid escalating geopolitical tensions, particularly between the US and Iran and fears of a potential US strike on Tehran that lifted oil prices The benchmark KSE-100 index dropped 1,381.69 points, or 0.75%, to close at 182,569.82, after swinging between the intra-day high of 184,727 and the low

Currency in circulation at Rs10.9tr

Pakistan's broad money (M2) supply rose to Rs41.63 trillion, registering a week-on-week increase of Rs346 billion. On a fiscal year-to-date basis, M2 has expanded by Rs838 billion, while the calendar year-to-date growth stands at Rs346 billion. On an annual basis, the broad money recorded a substantial rise of Rs6.01 trillion, supported by higher deposit mobilisation and balance-sheet expansion

Pakistan cuts industrial power subsidy burden by Rs123bn

The Power Division has announced that the industrial cross-subsidy burden has been reduced from Rs225 billion (Rs8.9 per unit) in March 2024, when the current government took charge, to Rs102 billion (Rs4.02 per unit) now, which represents a substantial reduction of Rs123 billion. The industrial tariff, including tax, dropped from Rs62.99 per unit in March 2024 to Rs46.31 per unit by December 2

EU Green Deal rules put textile exports at a crossroads

Pakistan's textile sector has entered 2026 at a defining juncture, with its long-standing export model facing mounting pressure from tightening global regulations, intensifying competition and domestic cost constraints. After a modest recovery in 2025 that lifted textile exports to around $17.85 billion, industry leaders now warn that the sector's preferential access to European markets under the

Govt shifting focus to growth

Deputy Prime Minister Ishaq Dar said on Wednesday that International Monetary Fund (IMF) programmes were generally anti-growth, adding that the focus of Prime Minister Shehbaz Sharif's government from now onwards would be on increasing national output. Dar's speech at the Pakistan Policy Dialogue reflected growing pressure on the government to allow the economy to grow after a prolonged period