The Pakistan Stock Exchange (PSX) faced volatility on Tuesday, with the benchmark KSE-100 Index experiencing its largest single-day drop, plummeting by over 3,500 points. The sharp decline came amid growing concerns over the political situation in Islamabad, where the Pakistan Army was called in to prevent escalating protests. The market opened lower, with the KSE-100 Index hitting an intra-
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday highlighted the government's comprehensive policy framework aimed at enhancing tax revenues through improved documentation and financial transparency. While meeting a delegation of the International Accounting Standards Board (IASB), led by its Chairman Dr Andreas, the minister emphasised the importance of standardis
The International Monetary Fund (IMF) bailout package has not yet instilled confidence among Pakistan's foreign creditors, which disbursed only $2.7 billion in loans during the first four months of the current fiscal year, down by more than half, show official statistics. The Ministry of Economic Affairs has released the official disbursement data for the July-October period of fiscal year 2024
Equities fell like nine-pins on the Pakistan Stock Exchange (PSX) on Tuesday as the PTI protest in the capital rattled the market confidence, sending investors into panic selling. As a result, the benchmark KSE 100 index suffered the biggest single-day plunge amid growing uncertainty. After a positive start towards the psychological barrier of 100,000, the stock prices witnessed a bloodbath tri
Belarusian President Aleksandr Lukashenko on Tuesday expressed interest in purchasing textile products from Pakistan in a meeting with Prime Minister Shehbaz Sharif, according to state-run Radio Pakistan. Lukashenko arrived in the capital on Monday for a three-day visit seeking to strengthen bilateral relations, with a focus on boosting trade and economic cooperation. The Belarusian president