The Federal Board of Revenue (FBR) had issued stern instructions that the use of extraneous influence by officers/officials for “choice posting” constitutes “misconduct” for disciplinary proceedings. At the same time, the FBR recognises the genuine needs of officers/officials for “station change requests” in case of hardship. Instructions further stated that such a request, along with suppor
Pakistan’s current account returned to surplus in January 2026, supported by higher inflows of workers’ remittances. According to the State Bank of Pakistan (SBP), the current account posted a surplus of USD 121 million in January 2026, compared with a deficit of USD 265 million in December 2025. On a year-on-year basis, the external balance also improved, as it also posted USD 393 million defi
Gold prices rose on Wednesday, rebounding from a one-week low hit in the previous session as markets await the release of the Federal Reserve’s January meeting minutes for hints about the rate-cut outlook. Spot gold rose 1.1% to $4,929.69 per ounce by 0414 GMT, after declining more than 2% on Tuesday. US gold futures for April delivery gained 0.9% to $4,949.20. “Broadly speaking, $4,700 t
Oil prices steadied in Asian trade on Wednesday after falling about 2% in the previous session as investors assessed progress in US–Iran talks but remained cautious about the prospects of a final deal that could ease supply concerns. Brent futures rose 23 cents or 0.34% to $67.65 a barrel by 0412 GMT, while US West Texas Intermediate (WTI) crude was up 19 cents or 0.3% at $62.52. Both are aroun
Selling pressure returned to the Pakistan Stock Exchange (PSX) on Tuesday following a positive start, with the benchmark KSE-100 Index shedding nearly 2,200 points during the opening hours of trading. At 11:15am, the benchmark index was hovering at 172,278.79, down 2,175.14 points or 1.25%. Selling was observed in key sectors, including automobile assemblers, cement, commercial banks, oil an