The Pakistan Stock Exchange (PSX) witnessed a sharp sell-off as the benchmark KSE-100 index plunged more than 1,600 points during early trading, driven by rising geopolitical tensions and investor uncertainty. The steep decline reflected panic selling at the opening bell, with the index dropping nearly 1,680 points within minutes. Market sentiment remained fragile as escalating...
Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
Despite being the economic hub, Karachi offers the lowest quality of life. Nevertheless, 10,000 people enter Karachi daily, according to 2022 statistics. This consistent influx contributes to its rapid expansion and a growing urban population that has now exceeded 20 million people. It indicates an ever-growing demand for properties and business opportunities. A megacity like...
KARACHI—Pakistan’s equity market tumbled sharply on Thursday, with the KSE-100 index falling over 2,500 points as investors reacted negatively to the effects of a new super tax and disappointing corporate results, market sources reported. The extended downturn from recent sessions snapped further as panic selling gripped traders and sentiment weakened across major sectors. The painful...
The government of Pakistan has announced a significant cut in the price of high-speed diesel (HSD), slashing it by Rs14 per litre for the current fortnight. In contrast, petrol prices remain unchanged, according to the latest notification from the Petroleum Division. The reduction reflects movements in global oil markets and recommendations from the Oil...
FBR has issued official notices to 30 social media influencers who flaunted luxury lifestyles—expensive clothes, homes, cars, and even horses—yet under‑reported their income or failed to file taxes. According to FBR Chairman Rashid Langrial, the crackdown is part of a broader enforcement push under the newly established “Lifestyle Monitoring Cell,” cracking down on individuals whose...
The IMF warns that inflation in Pakistan could surge to 6.3%, up from the current 4.5%. According to its latest assessment, by June 2026, the inflation rate might escalate further to 8.9%, a major concern compared to June 2025, when inflation was at 3.2%. The fund’s updated projections also suggest economic growth may hover around...
As reported by Asrar Khan from Islamabad, according to sources in the petroleum industry, Pakistan’s petroleum product prices are expected to drop starting on October 16. It is anticipated that the cost of gasoline may drop by as much as Rs 6.10 per liter. It is expected that this move will provide some relief to...
Funded projects increased by 3.6 percent, exceeding the World Bank’s forecast of 2.6 percent. Meanwhile, global growth is expected to decline to 3.1 percent in 2026 and 3.2 percent in 2025. ISLAMABAD: In addition to increased inflation and a growing current account deficit, the International Monetary Fund (IMF) on Tuesday projected Pakistan’s economic growth rate...