News

Pak-China to form panels for agriculture projects

Pakistan and China have decided to form technical working groups to explore and implement projects focusing on high-yield cotton seed development, advanced water-saving irrigation technologies and modern farming techniques. The decision to form technical working groups was taken at a meeting between Minister for National Food Security and Research, Rana Tanveer Hussain, and a Chinese delegation

Karachi’s business community partially heeds strike call against new FBR powers

The business community in Karachi observed a partial strike on Saturday against the tax measures and arrest powers of the federal tax authority under the Finance Act FY26. The call for a countrywide strike was issued last week by the Karachi Chamber of Commerce and Industry (KCCI), backed by trade bodies, industrial area associations, petroleum dealers, transporters, and chain store operators.

Fertiliser stocks power PSX to record close

The Pakis­tan Stock Exchange (PSX) extended its record-breaking run on Thursday as a bullish rally lifted the KSE-100 index past the 138,000-point mark, fuel­led by aggressive institutional buying and optimism over upcoming corporate earnings. According to Topline Securities, after pausing for two sessions, bullish sentiment returned strongly, pushing the benchmark index to an intraday high of

PSX reaches new peak of 138,000 with 2,200-point rally

The Pakistan Stock Exchange (PSX) on Thursday continued its renewed bullish momentum as it crossed the 138,000-point barrier. The benchmark KSE-100 index rose by 1,785.25 points, or 1.31 per cent, to stand at 138,165.21 points at 11:57am, from the previous close of 136,379.96 points. The index closed at 138,665.49 points, up by 2,285.53 points or 1.68pc. Awais Ashraf, research director at AK

NA panel endorses PIA privatisation

The National Assembly’s Standing Committee on Defence on Thursday reaffirmed its support for the government’s decision to privatise Pakistan International Airlines Company Ltd (PIACL), while underscoring the need to preserve the airline’s heritage and protect the rights of its employees. Chaired by Fateh Ullah Khan, the committee empha­sised that any future operator must ensure that PIA aircraf