Selling pressure was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding nearly 2,200 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 176,695.31, a decrease of 2,157.78 points or 1.21%. Selling was observed in key sectors, including cement, commercial banks, fertilizer, oil and gas exploration compa
Secretary Planning & Development Board Punjab Rafaqat Ali said at a meeting held at Lahore Chamber of Commerce and Industry that the government is taking practical steps to improve the country’s economic situation, and close coordination with the private sector is necessary to promote industry and trade. He said the government is working on several pilot programs to support SMEs and export-orie
The Federal Board of Revenue (FBR) Wednesday night issued a comprehensive list of businesses including professionals and service providers to register, install and integrate their electronic invoicing hardware and software with the Board’s computerized system for the purpose of income tax. According to an SRO.288(I)/2026 issued late night (Wednesday), the integrated enterprises (businesses) thr
The theft of backup batteries from a Pakistan Telecommunication Company Limited (PTCL) mini exchange, located in the parking lot of the Alfalah Building near the Punjab Assembly has caused a shutdown of telephone and internet services due to the lack of main power supply. This incident has affected thousands of businesses in the area. The theft was discovered on Wednesday morning when the main
The dollar was off recent lows on Thursday and hanging on to a bounce after minutes from the Federal Reserve showed policymakers did not seem to be in a rush to cut interest rates and that several were open to hikes if inflation proved sticky. US yields were higher and the dollar’s overnight gains against the euro and yen were consolidated in early trade in Asia, holding the euro below $1.18.