Bullish sentiment was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,000 points during the opening minutes of trading on Thursday. At 9:35am, the benchmark index was hovering at 166,704.11, an increase of 1,017.73 points or 0.61%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas
The Federal Board of Revenue (FBR) has further extended date for filing of income tax returns for tax year 2025 up to October 31, 2025. According to a Circular 5 of 2025 issued on Wednesday by the FBR, date for filing of income tax returns for tax year 2025 is further extended to October 31 in view of requests from various trade bodies and tax bar associations, the FBR added.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said Wednesday that Pakistan’s reform momentum and economic liberalisation could set the stage for an “East Asia moment”— a period of dynamic, export-driven expansion inspired by the experience of high-growth Asian economies such as Singapore. In an interview with CNBC, the minister, who is currently in Washington DC to attend
Oil prices rose around 1% on Thursday after U.S. President Donald Trump said Indian Prime Minister Narendra Modi had pledged his country would stop buying oil from Russia, a move that could drain supply elsewhere. Brent crude futures rose 54 cents, or 0.87%, to $62.45 a barrel by 0430 GMT. U.S. West Texas Intermediate (WTI) futures climbed 57 cents, or 0.98%, to $58.84. Both contracts touche
Amreli Steels Limited announced on Thursday that it had signed and executed the Master Restructuring Agreement (MRA), allied documents, agreements, and banking syndicates. The company shared the development in a notice to the Pakistan Stock Exchange (PSX) today. It said that the agreement was executed with Bank Alfalah Limited acting as the lead bank and Pak Brunei Investment Company Limited