The Pakistan Stock Exchange (PSX) rebounded on Wednesday, with the benchmark KSE-100 Index rising by 960 points, or 0.81 per cent, to close at 119,931 — its highest-ever closing level and just shy of the 120,000 psychological milestone. The market opened on a strong note, with the index gaining as much as 1,135 points intraday, buoyed by broad-based buying across key sectors. Large-cap stoc
THE air in the Hafizabad Galla Mandi, usually thick with the happy dust of a bountiful harvest, felt strangely thin. Fewer trucks rumbled through the gateway than expected. The usual cacophony of haggling voices was muted, replaced by pockets of anxious murmuring. In the absence of major players like the Punjab and federal governments, most people like Yusuf expected a glut of wheat in the mar
The Federal Board of Revenue plans to introduce digital tracking of freight vehicles to prevent sales tax evasion and curb smuggling. A high-level meeting chaired by Prime Minister Shehbaz Sharif on Tuesday was briefed on the digital monitoring system, which will be installed at major highways across the country. An official announcement said FBR Chairman Rashid Mahmood Langrial briefed the
Pakistan’s gross domestic product (GDP) and per capita income increased in dollar terms at a modest pace in 2024-25, reflecting a sustained recovery in the country’s overall output compared to the previous year, the government said on Tuesday. It was announced on Tuesday that the country’s economy is expected to grow by 2.68 per cent in the current fiscal year, a revision from earlier projectio
The Securities and Exchange Commission of Pakistan (SECP) has suspended the guarantee business of United Insurance Company of Pakistan Limited, prohibiting the company from issuing new guarantees or renewing existing ones. The decision was taken following a show-cause notice served on the company. United Insurance had obtained a stay order from the Lahore High Court on Feb 21 last year. However