Business

Bidders ‘seek daily record’ ahead of auction as PIA privatisation enters takeoff phase

Bidders ‘seek daily record’ ahead of auction as PIA privatisation enters takeoff phase

KARACHI: Ahead of the December 23 auction of the Pakistan International Airlines (PIA), all four consortia sought daily records from…
FBR levies more taxes on non-filers during transactions in FY 2025-26

FBR levies more taxes on non-filers during transactions in FY 2025-26

The Federal Board of Revenue (FBR) on Wednesday notified different percentages of taxes on non-filers for the fiscal year, 2025-26.…
Kuwait keen to enhance investment in Pakistan

Kuwait keen to enhance investment in Pakistan

Federal Minister for Petroleum Ali Pervez Malik held a meeting with Kuwait’s Minister of Finance and Chairman Kuwait Investment Authority,…
Federal govt moves to impose Rs9 per unit power fee

Federal govt moves to impose Rs9 per unit power fee

The federal government has decided to impose an additional financial burden on electricity consumers, as the Central Power Purchasing Agency…
Pakistan’s current account balance posts surplus of $100mn in November

Pakistan’s current account balance posts surplus of $100mn in November

KARACHI: Pakistan’s current account balance posted a surplus of $100 million in November 2025, a significant recovery from a deficit…
Punjab launches modern fruit and vegetable markets to transform public shopping experience

Punjab launches modern fruit and vegetable markets to transform public shopping experience

A new era of public shopping has begun in “Modern Punjab” with the introduction of modern fruit and vegetable markets…
PSX declines by nearly 1,000 points as investors engage in profit-taking

PSX declines by nearly 1,000 points as investors engage in profit-taking

KARACHI: The Pakistan Stock Exchange (PSX) recorded significant decline as profit-taking by investors has erased early gains amid ongoing trading…
Gold prices in Pakistan surge again, silver hits record high

Gold prices in Pakistan surge again, silver hits record high

KARACHI: Gold prices recorded a sharp increase in both international and local markets on Wednesday, while silver climbed to an…
Oil soars over 1pc as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

Oil soars over 1pc as Trump orders blockade of sanctioned oil tankers leaving, entering Venezuela

SINGAPORE: Oil prices rose more than 1% on Wednesday after U.S. President Donald Trump ordered “a total and complete” blockade…
IMF projects Pakistan’s GDP to reach Rs193.63 trillion by 2030

IMF projects Pakistan’s GDP to reach Rs193.63 trillion by 2030

ISLAMABAD: The International Monetary Fund (IMF) has revised Pakistan’s key macroeconomic projections, estimating that the country’s Gross Domestic Product (GDP)…
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