Business

Fluctuation persists in PSX amid budget uncertainty

Fluctuation persists in PSX amid budget uncertainty

KARACHI: Stocks continued to fluctuate in the Pakistan Stock Exchange (PSX), with the first trading session ending in the negative…
Pakistan’s total liquid foreign reserves surge to 16.65bn dollars

Pakistan’s total liquid foreign reserves surge to 16.65bn dollars

KARACHI: The total liquid foreign reserves of Pakistan surged to $16,648.5 million as of May 16 while the reserves held…
Pakistan to export 125,000 tonnes of mangoes

Pakistan to export 125,000 tonnes of mangoes

Pakistan will export 125,000 tonnes of mangoes this season, according to the Pakistan Fruit and Vegetable Association (PFVA), which has…
Silent scandal: How illegal cigarettes cost Pakistan billions

Silent scandal: How illegal cigarettes cost Pakistan billions

Pakistan’s formal tobacco sector contributes nearly Rs270 billion in taxes each year. Despite this, it now holds only 46% of…
Oil falls on stronger US dollar, possibility of higher OPEC plus output

Oil falls on stronger US dollar, possibility of higher OPEC plus output

Oil prices slipped on Friday, weighed down by a stronger U.S. dollar and the possibility that OPEC+ will further increase…
Dollar set to snap four-week winning streak on US fiscal health worries

Dollar set to snap four-week winning streak on US fiscal health worries

SINGAPORE: The U.S. dollar was soft on Friday, poised to make its first weekly drop in five weeks against the…
IMF pushes for higher taxes on fertiliser, pesticides

IMF pushes for higher taxes on fertiliser, pesticides

ISLAMABAD: The International Monetary Fund (IMF) is pressing Pakistan to significantly increase taxes on key agricultural inputs in the upcoming…
Power generation records 22% surge in April after cut in tariff

Power generation records 22% surge in April after cut in tariff

KARACHI: A 22% year-on-year (YoY) increase in April of the current fiscal year was recorded by the country’s power generation,…
Govt establishes Pakistan Digital Assets Authority to comply with FATF

Govt establishes Pakistan Digital Assets Authority to comply with FATF

ISLAMABAD: In a bid to regulate and accelerate the Virtual Asset Economy comp¬liant with the Fina¬ncial Action Task Force (FATF)…
Govt decreases nationals savings profit rates

Govt decreases nationals savings profit rates

KARACHI: The Central Directorate of National Savings (CDNS) has slashed the profit rates of its various savings schemes by up…
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