Pakistan has increased the size of its Eurobond issuance from $500 million to $750 million after receiving strong interest from international investors, signalling renewed confidence in the country’s economic outlook. The move marks a significant return to global capital markets after a gap of several years. Officials said the initial target of $500m was revised...
The Pakistan Stock Exchange (PSX) staged a strong recovery as the benchmark KSE-100 index surged by more than 4,000 points, driven by renewed optimism over the possible resumption of talks between the United States and Iran. Investor sentiment improved significantly after signals emerged that diplomatic efforts could restart following the recent collapse of negotiations in...
The Pakistan Stock Exchange (PSX) witnessed a slight dip as the benchmark KSE-100 index entered a consolidation phase following a historic rally in the previous session. Investors engaged in profit-taking after the market recorded one of its biggest single-day gains, leading to mild downward pressure during trading. The previous session saw the KSE-100 surge by...
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...