With a 2.5 per cent economic growth forecast for the current fiscal year, the Asian Development Bank (ADB) has highlighted several downside risks to Pakistan’s nascent and fragile economic stabilisation and recovery, cautioning against complacency or any deviation from the ongoing IMF programme. In its annual flagship report, Asian Development Outlook (ADO) April 2025, the Manila-based lending
The Pakistan Stock Exchange on Tuesday began to recover as shares gained 622 points, a day after the index experienced losses. The benchmark KSE-100 index was up by 622.95, or 0.54 per cent, to stand at 115,532.43 at closing from the last close of 114,909.48.Yousuf M. Farooq, director research at Chase Securities, said, “The stock market has rebounded from yesterday as Asian markets recover.
The Pakistan Stock Exchange (PSX) witnessed bullish momentum on Tuesday, with the benchmark KSE-100 Index rising 622.95 points to close at 115,532.43. The index touched an intraday high of 116,692.29 and a low of 115,560.90, reflecting steady investor interest throughout the session.Trading volume remained robust, with 338.9 million shares exchanged, and the market's total value reaching Rs27.2
Haball, a Pakistani fintech firm, raised $52 million to expand its shariah-compliant supply chain financing and payments services, the company said on Tuesday. The funding, led by Zayn VC and Meezan Bank, includes $5 million in equity and $47 million in strategic financing, and will support Haball's growth plans for Pakistan, the company said in a statement. The money will also help Haball's
The Ministry of Industries has proposed the introduction of super tax in the upcoming budget for fiscal year 2025-26 to bring Pakistan's corporate tax structure on a par with regional standards. Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan floated the proposal during a high-level meeting on budget proposals. He gave directives for revising budget pr