News

Equities sustain bullish spell for another week

Buoyed by improving macroeconomic indicators and renewed investor confidence, the Pakistan Stock Exchange (PSX) extended its bullish spell during the outgoing week, with the KSE-100 index gaining 3.2 per cent week-on-week to close at a record 138,597.36. This rally, driven by strong corporate earnings expectations, foreign interest, and local mutual fund activity, reflects growing optimism in t

Soaring again

BRITAIN’S decision to lift its nearly five-year-old ban on Pakistani airlines, allowing them to apply for permits to resume flight operations to and from the UK, is a boost to Pakistan’s aviation industry, particularly the debt-ridden national flag carrier PIA. The UK Air Safety Committee’s move to reverse the restrictions follows aviation safety improvements in this country. The British High C

Soaring again

BRITAIN’S decision to lift its nearly five-year-old ban on Pakistani airlines, allowing them to apply for permits to resume flight operations to and from the UK, is a boost to Pakistan’s aviation industry, particularly the debt-ridden national flag carrier PIA. The UK Air Safety Committee’s move to reverse the restrictions follows aviation safety improvements in this country. The British High C

FBR powers

AS expected, the government’s attempts to fit out the tax authority with ramped-up powers has produced a backlash. And against this backlash, we see the old instincts swinging into play. The prime minister has reportedly asked the FBR to ‘go slow’ with the powers they have been vested in the Finance Act for FY26, and the finance ministry has formed a committee to hold talks with the business co

Consolidating gains

THOUGH IMF Resident Representative for Pakistan Mahir Binici’s words of commendation for the country’s “strong performance so far” under the $7bn Extended Fund Facility (EFF) ‘vindicate’ the government’s economic and fiscal policies, his compliments should be taken with a pinch of salt. His praise for the government’s economic performance is primarily based on the relatively stronger implementa