A new report published by the World Bank (WB) on Tuesday called attention to the rising national poverty rate in Pakistan, highlighting the need for sustained and people-centred reforms to protect vulnerable populations. The report, titled “Reclaiming Momentum Towards Prosperity: Pakistan’s Poverty, Equity and Resilience Assessment”, marks the first comprehensive evaluation of poverty and welfa
Bulls continued to gain further traction at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 900 points during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 158,831.61, a gain of 886.59 points or 0.56%. Buying momentum was observed in key sectors including commercial banks, cement, fertiliser, oil and gas explora
Gold fell on Wednesday as investors booked profits after hitting a record high in the previous session, while markets weighed U.S. Federal Reserve Chair Jerome Powell’s cautious remarks on potential interest rate cuts. Spot gold slipped 0.3% at $3,753.22 per ounce, as of 0224 GMT. Bullion hit a record high of $3,790.82 on Tuesday. U.S. gold futures for December delivery fell 0.8% to $3,785.9
Pakistan’s decades-long progress in poverty reduction has halted and reversed since 2020, as compounding shocks—including COVID-19, inflation, floods, and economic stress—have exposed the limits of a consumption-driven growth model, according to a new World Bank report that urged sustained, people-centred reforms to protect vulnerable households and restore momentum. According to the World Bank
Importers and used car dealers have expressed grave concerns over what they termed a “propaganda campaign” against commercial import of five-year-old used vehicles, which is expected to be allowed and implemented by Pakistan government from October 1, 2025 for the first time in the country. All Pakistan Motor Dealers Association (APMDA) Chairman H M Shahzad said the draft of the bill [Motor Veh