After a day of profit-taking, positive sentiments returned to the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index gained over 400 points during the opening minutes of trading on Friday. At 9:40am, the benchmark index was hovering at 185,975.24, an increase of 432.23 points or 0.23%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial
Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday held a meeting with a Visa delegation led by Tareq Muhmood, Regional President for Central Europe, Middle East and Africa, to discuss advancing digital payments, financial inclusion and ongoing economic reforms in Pakistan. Aurangzeb appreciated Visa's continued engagement with Pakistan's financial sector. The discussion fo
The Ministry of IT and Telecom has acknowledged long-standing demands of the telecom sector by easing payment terms and fixing exchange and interest rates in its policy directive for the upcoming next-generation mobile spectrum auction, a move that clears the way for the Pakistan Telecommunication Authority to issue the Information Memorandum for existing operators and new entrants to participate
A Ministry of Finance report has accepted that the absence of structured transparency in the Special Investment Facilitation Council's (SIFC) initiatives could undermine policy predictability and weaken the confidence of investors. In its 240-page Prime Minister's Economic Governance Reforms Agenda, the finance ministry committed to bringing transparency in the SIFC affairs, showed the report r
Asian stocks drifted lower and the dollar stood tall on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court ruling on the legality of President Donald Trump’s sweeping global tariff that jolted markets last year. Simmering geopolitical tensions across the globe boosted oil prices, as well as defence stocks, and will remain in traders mind as they weigh developments