The inflow of overseas workers’ remittances into Pakistan stood at $4.251 billion in May 2026, the State Bank of Pakistan (SBP) data showed on Wednesday. In terms of growth, remittances increased by 20.2% on a month-on-month basis and 15.4% on a year-on-year basis. Cumulatively, workers’ remittances increased by 9.2% to $38.1 billion during Jul-May FY26, compared to $34.9 billion received du
A day after intense selling pressure, buying returned to the Pakistan Stock Exchange (PSX) on Tuesday after Iran and Israel announced a halt to attacks on each other, with the benchmark KSE-100 Index gaining over 2,000 points during the opening minutes of trading. At 9:55am, the benchmark index was hovering at 170,954.65, a gain of 2,000.95 points or 1.18%. Buying was observed in key sectors
Pakistan SADC Chamber Trade Federation (PSCTF) has urged the federal government to undertake wide-ranging structural tax reforms in the FY2026-27 budget, advocating a shift from what it termed an “extractive revenue collection model” to a growth-oriented framework focused on investment, exports, industrial expansion and job creation. In a set of budget proposals submitted to the Ministry of Fin
Industrialists, traders and agricultural experts have urged the government to adopt business-friendly policies and provide immediate relief to the industry, trade and agriculture sectors to tackle economic challenges and ensure sustainable growth. The demand was made at a pre-budget seminar organised by the Traders Wing of the Pakistan Markazi Muslim League (PMML), where participants stressed t
The Directorate General of Customs Valuation, Karachi, has revised the customs values of ammunition, including cartridge calibers imported from China, Turkey, Oman, Europe, the United States and other countries. The Customs values of ammunition were earlier determined under Section 25A of the Customs Act, 1969 vide Valuation Ruling No.2036-2026. After issuance of the said Valuation Ruling, repr