Oil rises on Red Sea jitters, Russian export cut
LONDON: Oil rises on Red Sea jitters, Russian export cut Oil prices climbed on Monday, buoyed by heightened tensions in the Red Sea following attacks by the Houthis on ships,…
Navigating the Tax Landscape: Stakeholders Express Concerns Over Recent Proposal
KARACHI: The proposal for doubling tax collection from business individuals and salaried person will hurt the middle and upper middle income groups. Ateeq ur Rehman, an economic and financial analyst,…
Fed flags end of rate hikes, sees lower borrowing costs in 2024
WASHINGTON: Fed flags end of rate hikes the Federal Reserve held interest rates steady on Wednesday and signaled in new economic projections that the historic tightening of U.S. monetary policy…
SBP chief urges banks to increase presence in agriculture sector
Governor of State Bank of Pakistan (SBP) Jameel Ahmad urged banks to ensure easy, timely and hassle-free access of farmers to all financial services. In a recent statement from the…
FBL pioneers Braille inclusive hiring forms for PWDs
KARACHI: Faysal Bank Limited (FBL) and Boltay Huroof marked the International Day of Persons with Disabilities (PWDs) by pioneering Braille inclusive hiring forms. At a prestigious event hosted at FBL,…
Karachi Stock Exchange Experience Significant Drawdown
Karachi Stock Exchange Turns Red as Profit-Taking Dominates After a Promising Start This passage provides a detailed overview of the financial performance of the Pakistan Stock Exchange, particularly the KSE-100…
Banks facing challenges as KSE-100 experiences a slowdown
The banking sector felt the heat at the Pakistan Stock Exchange (PSX) as the KSE-100 Index shed more than 900 points due to profit-taking in Monday’s intra-day trading. Around 11:15…
ADB’s Independent Evaluation Department (IED) Deems $800M ‘TCP’ Highly Successful
Islamabad: the Independent Evaluation Department (IED) of the Asian Development Bank (ADB) has assessed the “Pakistan: Trade and Competitiveness Program -TCP (Subprograms 1 and 2),” valued at $800 million, as…
FBR Urges Integrated Suppliers to Report All Store Locations through Digital System
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a compulsory requirement for integrated suppliers, mandating the declaration of all their outlets through the computerized system. Additionally, each point of…
An Unstoppable Momentum: KSE-100 Surges Past 66k Mark, Records Remarkable Gain of Over 1,400 Points
The Pakistan Stock Exchange (PSX) maintained its impressive performance, achieving yet another milestone as the KSE-100 index soared to a historic high of 66,000 during Friday’s trading session. By noon,…