Startling revelations continued to unfold on Thursday before a Senate panel that confirmed more than Rs110 billion of fraud and money laundering in the garb of solar imports by more than 80 companies, some of which were found to be dummy entities. The sub-committee of the Senate Standing Committee on Finance, led by Senator Mohsin Aziz, vowed to continue its investigation into the scandal and h
Pakistan Stock Exchange (PSX) on Wednesday experienced volatile trading as the benchmark KSE-100 index see-sawed throughout the day and closed slightly lower by 85 points following the latest MSCI market review. The bourse faced headwinds in the face of a series of challenging factors. Foreign financing outflow weighed on investor sentiment while uncertainty surrounding the Tax Amendment Bill 2
Federal Finance Minister Muhammad Aurangzeb has emphasised that the government has achieved macroeconomic stability over the course of 12 months and now it is working on critical reforms. He expressed these views while addressing the Insure Impact Conference, held under the aegis of the Securities and Exchange Commission of Pakistan (SECP), via Zoom on Wednesday. Aurangzeb noted that Prime M
Pakistan Telecommunication Company Limited (PTCL) has continued to face massive losses that amounted to Rs14.39 billion on a consolidated basis for the year ended December 31, 2024. In comparison, the company had incurred a loss of Rs16.73 billion in 2023. According to a public notice issued to Pakistan Stock Exchange (PSX) on Wednesday, the PTCL group sustained a loss per share of Rs2.82, whic
After reaching an all-time high in the previous session, gold prices in Pakistan dropped on Wednesday, mirroring a decline in international markets. The price of gold per tola fell by Rs1,600, settling at Rs301,500, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the 10-gram gold rate dropped by Rs1,372, bringing it down to Rs258,487. On Tuesday, gold ha