The Pakistan Stock Exchange (PSX) on Thursday continued its renewed bullish momentum as it crossed the 138,000 points during intraday trade. The benchmark KSE-100 index rose by 1,785.25 points, or 1.31 per cent, to stand at 138,165.21 points at 11:57am, from the previous close of 136,379.96 points. Awais Ashraf, research director at AKD Securities, said: “Investor optimism over a potential r
AS expected, the government’s attempts to fit out the tax authority with ramped-up powers has produced a backlash. And against this backlash, we see the old instincts swinging into play. The prime minister has reportedly asked the FBR to ‘go slow’ with the powers they have been vested in the Finance Act for FY26, and the finance ministry has formed a committee to hold talks with the business co
THOUGH IMF Resident Representative for Pakistan Mahir Binici’s words of commendation for the country’s “strong performance so far” under the $7bn Extended Fund Facility (EFF) ‘vindicate’ the government’s economic and fiscal policies, his compliments should be taken with a pinch of salt. His praise for the government’s economic performance is primarily based on the relatively stronger implementa
Over 65 US companies joined a landmark webinar on Wednesday to explore commercial opportunities at Karachi Port and Port Qasim. The webinar hosted by the US Department of Commerce’s International Trade Administration and the US Department of State, in collaboration with the Ministry of Maritime Affairs, part of the ‘Gateways to Growth: South Asia Port Opportunities’ series, has opened new doors
President of the Karachi Chamber of Commerce and Industry (KCCI), Muhammad Jawed Bilwani, on Wednesday categorically denied rumours of any postponement or cancellation of the nationwide strike scheduled for July 19, affirming that the shutdown will proceed as planned. The KCCI has installed hoardings and billboards across major arteries of Karachi announcing the complete strike, with slogans de