After receiving a massive battering overnight, the Pakistan Stock Exchange (PSX) witnessed another highly volatile session on Tuesday but managed modest gains on selective value-hunting amid sharply lower volume. Topline Securities Ltd said the PSX experienced a volatile session attempting to recover from Monday’s sharp sell-off. The index initially strengthened, climbing 464 points at its
The finance ministry on Tuesday in its monthly economic outlook report said that the remittances were expected to maintain their upward trajectory due to the seasonal factors of Ramazan and Eid. “The external account position has strengthened, driven by continued increase in exports and a noteworthy rise in remittances despite an upward trend in imports,” it said, adding that the seasonal facto
The inaugural EU-Pakistan Business Forum is set to take place in Islamabad from May 14-15 to enhance economic cooperation, according to a joint announcement by the government and European Union delegation on Tuesday. The EU is the largest single market in the world and the largest destination for Pakistani ex-ports. The EU is also the world’s largest foreign investor representing 42 per cent of
The Ministry of Finance on Tuesday said the inflation rate is anticipated to range between 1 and 1.5 per cent in March — the lowest in years — before slightly increasing up to 3pc in April. “Inflation is anticipated to remain within the range of 1-1.5pc for March 2025 and inching up to 2-3pc in April 2025,” said the finance ministry in its Monthly Economic Update & Outlook (March 2025). The
The Pakistan Business Council (PBC) has urged the government not to make hasty decisions on reducing customs duties without comprehensively studying the implications on imports and unemployment. In a meeting with the secretary commerce and senior officials of the ministries of commerce, industries, finance and the Federal Board of Revenue (FBR) in Islamabad on Tuesday, PBC Chief Executive Ehsan