The Pakistan Stock Exchange (PSX) attracted renewed buying interest across all sectors following the easing of geopolitical tensions and clarity on the federal budget announcement, which helped the benchmark KSE 100 index close the outgoing week on a positive note. The expected relief package for the agricultural sector and measures to boost exports and industrial growth in the upcoming budget
ALTHOUGH bound by the IMF’s stern conditions, the federal government appears desperate to provide tax relief to middle-class salaried individuals as well as businesses, especially the real estate lobby, in the upcoming budget. This desire seems to have grown stronger in the aftermath of Pakistan’s recent tactical military win against India as the ruling party hopes to turn the ‘feel-good factor
Saudi Arabia, Russia and six other key Opec+ members announced on Saturday a huge increase in crude production for July. They will produce an additional 411,000 barrels a day – the same target set for May and then June – according to a statement, which is more than three times greater than the group had previously planned. In recent years the 22-nation group had agreed to daily reductions of
Stakeholders have welcomed a new idea floated by Maritime Affairs Minister Junaid Anwar Chaudhry to set up a ‘maritime chamber of commerce and industry’ so that all players in this sector were brought on one platform. Speaking at the Pakistan Business Council Forum in Karachi on Saturday, the minister said the new chamber would promote the blue economy and enhance environmental sustainability a
US President Donald Trump’s announcement that he would double steel and aluminium import tariffs to 50 per cent from next week drew ire from the European Union Saturday in the latest salvo in his trade wars aimed at protecting domestic industries. The EU warned it was “prepared” to retaliate against the latest tariffs, adding the sudden move “undermines ongoing efforts to reach a negotiated sol