Pakistan central bank has exempted information technology (IT) companies and freelancers from declaring the receipt of export proceeds of up to $25,000, softening the services export reporting rules with an aim to accelerate growth of the country’s IT exports, according to a notification issued on Monday. Besides, the State Bank of Pakistan (SBP) has continued to allow the IT firms and freelanc
The Cabinet Committee to Monitor Petrol Prices on Monday directed the Oil and Gas Regulatory Authority (OGRA) to ensure compliance with data reporting requirements, accelerate digitisation efforts across the supply chain, and maintain close coordination with the oil marketing companies (OMCs) and other relevant stakeholders to support seamless implementation of the system, the Finance Division sai
The shareholders of Sindh Bank have approved the Annual Audited Financial Statements for the year ended December 31, 2025, at the Annual General Meeting held on March 30, 2026. The Bank reported its record high Profit Before Tax of Rs6.37 billion, more than double (i.e. 155 percent increase) from previous year driven by resilient margin and robust growth in deposits and advances both touching new
Oil prices extended gains on Tuesday as US President Donald Trump heightened his rhetoric against Iran, threatening stronger action if the country fails to reopen the Strait of Hormuz, a key global oil transit chokepoint. Brent crude futures rose 57 cents, or 0.5%, to $110.34 a barrel by 1202 GMT, while US West Texas Intermediate crude futures were up $1.26, or 1.1%, at $113.67. Trump, has
Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 1,000 points during the opening minutes of trading on Monday. At 9:50am, the benchmark index was hovering at 149,361.13, down by 1,037.58 points or 0.69%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration comp