The Pakistan Peoples Party (PPP) on Wednesday voiced strong reservations over a set of politically unpopular provisions in the federal budget for the next fiscal year, urging the government to amend contentious clauses ahead of its expected approval in the National Assembly today (Thursday). Former finance minister and PPP MNA Naveed Qamar, who currently chairs the National Assembly Standing Co
Shares at the Pakistan Stock Exchange (PSX) climbed by 6079.16 points after an earlier halt in trading on Tuesday, in the wake of US President Donald Trump announcing a complete ceasefire between Israel and Iran to end a 12-day war. The KSE-100 index climbed by 6079.16 points, or 5.23 per cent, to close at 122,246.63 points. Earlier in the day, shares at the PSX had climbed by 5,878 points a
The Pakistan Dairy Association (PDA) has warned that the continuation of heavy taxation on milk and milk products is not only inflating prices for consumers but also hampering the industry’s export potential. The association described the 18pc sales tax, imposed in the federal budget for 2024-25 and retained for the next fiscal year, as an “existential threat” to the formal dairy sector
The overall Consumer Confidence Index (CCI) rose by 9.2 per cent in the fourth quarter of FY25 compared to the preceding quarter, signalling a steady improvement in public sentiment regarding the economy and personal finances. The index, which is measured on a scale of 0 to 200 — with 100 as the neutral point — recorded a score of 96.2 in Q4FY25, up from 88.1 in the previous quarter. A score be
The Indian aggression against Pakistan has not hurt, strangely enough, the inflow of foreign investment into treasury bills, while outflows from the equity market has been much higher than inflows during the same period. The State Bank’s latest update for May shows that foreign inflows in T-bills during the month (up to May 23 of FY25) reached $73.6 million. This was strange since India attacke