Gold prices in Pakistan have witnessed a significant surge, aligning with a sharp increase in the international market. The cost of 24-carat gold per tola skyrocketed by PKR 6,600, reaching an all-time high of PKR 356,800. Similarly, the price of 10 grams of gold rose by PKR 5,658, bringing it to PKR 305,898, reflecting strong...
The Pakistan Stock Exchange (PSX) concluded trading at an all-time high due to surging investor confidence amid positive economic and diplomatic developments. The new financial year kicked off with remarkable momentum, with the KSE-100 Index establishing two new records within a single day. During the trading session in Karachi, the KSE-100 Index soared by 2,844...
Pakistan Stock Exchange (PSX) achieved a historic milestone on the last day of the financial year 2024-25, backed by a combination of positive economic factors, including a new trade agreement with the United States, China’s debt rollover support, proactive government measures to address circular debt, and growing investor confidence. The benchmark KSE-100 Index soared to...
The Federal Board of Revenue’s (FBR) Large Taxpayer Office (LTO) in Karachi has set a historic record by achieving an unprecedented tax collection milestone at the close of the financial year. For the first time in history, Karachi’s LTO recorded a staggering 48% increase in tax collection for the month of June, amassing a total...
The federal government of Pakistan has decided to eliminate the Rs. 35 Pakistan Television (PTV) fee charged on electricity bills, offering relief to millions of consumers. The decision, directed by Prime Minister Shehbaz Sharif, is set to be formally announced soon after a high-level meeting next week. This move aims to ease the financial burden...
Pakistan’s automotive sector is reeling from significant price hikes following the implementation of the Climate Support Levy (CSL) under the new auto policy. For the first time, all locally assembled hybrid, petrol, and diesel vehicles are subject to this tax, aimed at reducing carbon emissions. The levy has led to substantial price increases across major...
The State Bank of Pakistan has recently revealed shocking insights in a report concerning the country’s banking sector, highlighting low balances in the majority of commercial bank accounts. Based on the report, more than 51% of bank accounts contain less than Rs. 5,000, indicating a major challenge for the nation’s financial landscape. The statistics also...
The Pakistan Stock Exchange (PSX) maintained its upward trajectory on the third trading day of the week, Wednesday, buoyed by a confluence of favorable news from both the international and domestic fronts. Despite experiencing some intra-day fluctuations, the benchmark KSE-100 Index closed significantly higher, signaling a renewed surge in investor confidence. Some key events played...
The Sindh Health Department has officially set the minimum monthly wage at Rs. 37,000. Employees hired during the COVID-19 pandemic in 2019 will also have a monthly salary of Rs. 37,000. Formal orders have been issued, ensuring that all nursing staff recruited during the pandemic will receive this revised salary starting from July 2025. The...
The Pakistan Stock Exchange (PSX) experienced its second-largest single-day surge in history as news of a potential de-escalation in the Iran-Israel conflict boosted investor confidence. The KSE-100 Index opened with a significant gain of over 4,000 points, starting the day at 120,499 points. During trading, the momentum was so strong that at one point, the...