The Pakistan Stock Exchange (PSX) maintained a bullish momentum for a ninth consecutive session on Monday as shares gained 916.43 points to make the market near 110,000. The benchmark KSE-100 index closed at 916.43 points up, or 0.84 per cent, to stand at 109,970.38 points from the previous close of 109,053.95. In the past two weeks, the PSX has witnessed as many record single-day gains. Ext
Better internet access has opened doors to new possibilities for Pakistan’s youth. Young freelancers use these opportunities to earn a livelihood for their families. From technology companies in major cities to remote workers using their 4G internet in villages, Pakistanis are excelling and competing with global talent. As of 2024, our freelancers rank 4th globally with over 400 million annual
Since winning the presidential election, Donald Trump has indicated his plans to extensively employ tariffs to revive the United States’ economic power. The question is: will such threats work for the US when Washington’s extensive use of financial sanctions seems to be failing? On Dec 1, he threatened to punish the Brics (Brazil, Russia, India, China and South Africa) countries with a 100 per
While improving macroeconomic indicators in Pakistan offer some comfort, they have yet to meaningfully invigorate the private sector, the key driver of economic growth. Commercial activity has picked up, supported by the easing of import restrictions, and the capital market is performing beyond expectations. Nevertheless, business sentiment reportedly remains subdued. “Businesses in Pakistan mu
The Federal Board of Revenue (FBR) has decided to bar travellers coming from abroad from bringing any goods beyond $1,200 in value, it emerged on Monday. An FBR notification dated December 6, a copy of which is available with Dawn.com, proposed changes in the Baggage Rules, 2006, under Section 219 of the Customs Act, 1969. It changed the definition of “commercial quantity” in the rules from