News

G20 evolves consensus on trade challenges

Finance chiefs of G20 countries were close to agreeing a common position on trade and other global challenges, which would be the first since US President Donald Trump’s election victory and tariff war. The G20, which emerged as a forum for cooperation to combat the 2008 global financial crisis, failed to reach a joint stance when finance ministers and central bankers met in February, to the di

Pak-China to form panels for agriculture projects

Pakistan and China have decided to form technical working groups to explore and implement projects focusing on high-yield cotton seed development, advanced water-saving irrigation technologies and modern farming techniques. The decision to form technical working groups was taken at a meeting between Minister for National Food Security and Research, Rana Tanveer Hussain, and a Chinese delegation

Karachi’s business community partially heeds strike call against new FBR powers

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.

Fertiliser stocks power PSX to record close

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

PSX reaches new peak of 138,000 with 2,200-point rally

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