After reaching an unprecedented peak above 126,500 in early trade on Thursday, the Pakistan Stock Exchange (PSX) suffered marginal losses as investors opted to take profits at inflated levels towards the end of the session, forcing the benchmark KSE 100 index to close in the red. Ali Najib, Deputy Head of Trading Arif Habib Ltd, said the market witnessed a dramatic session on Thursday, wit
Sales of cars, sport utility vehicles, pickups and vans clocked in at 14,762 units in May, reflecting a rise of 35 per cent year-on-year and 39pc month-on-month. This takes 11MFY25 sales to 126,226 units, showing a 39pc increase over 90,545 units in the same period last year, Myesha Sohail of Topline Securities said, quoting data released by the Pakistan Automotive Manufacturers Association (PA
Finance Minister Muhammad Aurangzeb on Wednesday repeatedly warned that the government would be compelled to impose a further Rs400 to 500 billion in taxes if parliamentarians failed to approve the sweeping enforcement measures proposed in the 2025-26 budget — as they were already cleared by the International Monetary Fund (IMF). “I now request my colleagues in both houses of parliament to get
The cotton ginning and oil mill industries across Pakistan are reeling from profound disappointment and concern following the federal budget’s failure to abolish the sales tax on cotton and its by-products and to remove the sales tax exemption on imported cotton. This decision comes despite strong recommendations from two committees established by Prime Minister Shehbaz Sharif, raising fears of
Shopkeepers have raised the prices of solar panels, even though the government’s decision to impose an 18 per cent sales tax on solar panel imports will take effect on July 1, pending the formal approval of the budget before the end of the year. Traders at Regal Chowk in the Saddar area blamed importers for raising prices. They said many consumers appeared upset over the sudden price shock afte