Business

Pakistan Stock Exchange hits record high after power ariff cut

PSX breaks 120,000 barrier with 831-point rally

The Pakistan Stock Exchange (PSX) opened the week with a powerful rally, pushing the benchmark KSE-100 index decisively past the 120,000-point milestone. The index surged by 831 points at the opening bell, reaching 120,522 points during early trading. This bullish momentum follows last week’s closing level of 119,691 points, reflecting renewed investor confidence. Simultaneously, the

PSX breaks 120,000 barrier with 831-point rally Read More »

Binance Founder Advises Pakistan on Crypto and Blockchain Plans Pakistan Eyes Crypto Boom with Surplus Energy and Youth Training

SBP clarifies: Cryptocurrencies not Illegal in Pakistan, regulations coming

The State Bank of Pakistan (SBP) has clarified that Bitcoin and other cryptocurrencies are not illegal in the country, though they remain unregulated for now. In an official statement, the central bank revealed that the Crypto Council and the Ministry of Finance are collaborating to develop a legal framework for virtual assets. In 2018, the

SBP clarifies: Cryptocurrencies not Illegal in Pakistan, regulations coming Read More »

Food and Electricity Prices Drive Pakistan’s Inflation to 59-Year Low

14 items more expensive, 10 cheaper in weekly price check

ISLAMABAD:The weekly inflation rate in the country decreased by 0.81 percent, bringing the annual inflation rate down to 0.41 percent. According to the statistics office, out of 51 monitored items, 14 became more expensive, 10 saw price drops, and 27 items—including bread, mutton, fresh milk, and curd—remained stable in price. Price Increases Tomatoes rose by

14 items more expensive, 10 cheaper in weekly price check Read More »

Gold prices fall in global and local markets amid market pressure, Updated prices in Pakistan

Gold prices fall in global and local markets amid market pressure, Updated prices in Pakistan

  The gold prices dropped in global and local markets amid market pressure on Friday on May 30. The price of per tola in Pakistan has decreased by Rs 700, while in the global market it has decreased by $ 7 per ounce. According to the data released by the All Pakistan Saraf and Jewellers

Gold prices fall in global and local markets amid market pressure, Updated prices in Pakistan Read More »

Solar system

Budget 2025-26: No new taxes on solar panels, confirms FBR chief

ISLAMABAD: The Federal Board of Revenue (FBR) has begun reviewing tax exemptions for various sectors as part of preparations for the 2025-26 budget, Chairman FBR Rashid Mahmood Langrial announced. In a key development, teachers will receive a 25% income tax rebate starting next fiscal year. For the current year, eligible educators will get refunds or

Budget 2025-26: No new taxes on solar panels, confirms FBR chief Read More »

Chinese EV manufacturer reduces car prices by 34% to attract buyers

Chinese EV manufacturer reduces car prices by 34% to attract buyers

Chinese electric vehicle (EV) manufacturer BYD has announced a 34% price cut for its vehicles. The company has reduced the starting price of its most affordable car, the battery-powered Seagull hatchback, to 55,800 yuan (approximately $7,765), down from around $10,000. According to Tu Li, managing director of Sino Auto Insights, other companies struggling due to

Chinese EV manufacturer reduces car prices by 34% to attract buyers Read More »

FBR’s new anti-smuggling fund offers Rs. 500,000 rewards for tips

ISLAMABAD: The Federal Board of Revenue (FBR) has established a new Customs Command Fund to strengthen anti-smuggling efforts across the country. Under this initiative, informants who provide credible tips about smuggling activities will receive advance payments, with rewards of up to Rs. 500,000 for verified information leading to seizures. The fund will also cover operational

FBR’s new anti-smuggling fund offers Rs. 500,000 rewards for tips Read More »

Scroll to Top