The IMF and World Bank’s semi-annual gathering of finance ministers and central bank governors gets underway in Washington on Monday, against the backdrop of new trade threats from the world’s two largest economies. Last week, China unveiled new export restrictions on critical minerals, prompting a fierce response from US President Donald Trump, who said he would impose new 100 percent tariffs
After initial selling pressure, positive sentiment returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 200 points during the first half of the trading session on Friday. The market started on a negative note, shedding over 2,000 points to hit an intra-day low of 162,411.25. However, it recouped sharply and by 12pm, the benchmark KSE-100 was hovering at 1
The Punjab Revenue Authority (PRA) showing an outstanding performance has collected Rs66.41 billion in terms of taxes during July-September for the current financial year 2025-26. According to the PRA, this amount is 28 percent more than that of the corresponding period of the outgoing financial year which stood at Rs51.98 billion. According to break-up provided by the PRA, out of total Rs66
Prime Minister Shehbaz Sharif on Thursday issued a firm directive to fast-track the privatisation of underperforming state-owned enterprises (SOEs), urging officials to secure the most advantageous deals while warning against bureaucratic inertia and administrative delays. The prime minister, while chairing a high-level meeting, stressed that the national interest must remain at the heart of th
The inflows of home remittances maintained a healthy growth, surging to USD 9.53 billion in the first quarter (July to September) of this fiscal year 2025-26 (FY26). According the State Bank of Pakistan (SBP), the inflow of remittances reported a notable increase of 8.4 percent or USD 700 million in the first three months of the current fiscal year as compared with a similar period of the last