Intense selling pressure gripped Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index dived around 1,900 points, driven by profit-booking at higher valuations. Prime Minister Shehbaz Sharif visited the PSX, which gave initial boost to the stock exchange. However, he did not announce any immediate relief measures, putting a dent on investor confidence. Although trading st
The government has raised a total of Rs584.5 billion through the auction of Treasury Bills (T-Bills), Pakistan Investment Bonds (PIBs), and Government Islamic Sukuk (GIS) on Wednesday. Of the total amount, Rs434 billion was generated through T-Bills, Rs11.9 billion from PIBs, and Rs138 billion from the GIS auction (across all tenors). The Pakistan Stock Exchange (PSX) held a GIS auction on the
The United Business Group of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has laid stress on forging cooperation and unity within the business community, terming them essential for stabilising Pakistan's economy. "Businesses and personal brands should be built with hard work and integrity," United Business Group Secretary General Zafar Bakhtawari said while expressing hi
The government has decided to extend loan to overseas workers for skill training, travel costs and initial settlement expenses under the Prime Minister's Youth Business and Agriculture Loan Scheme. Sources told The Express Tribune that the Prospective Overseas Workers Loan amounting to Rs1 million would be provided to cover skill training, travel and visa costs, and initial settlement expenses.
The government has temporarily halted satellite tracking of containers carrying imported goods to Afghanistan from seaports and instead begun monitoring them through human surveillance a move that may increase the chances of smuggling. After withdrawing the license of a company that had been tracking container movements through GSM and satellite since 2013, last week, the Federal Board of Reven