The Pakistan Stock Exchange (PSX) extended its losing streak for a fourth consecutive session on Thursday, as investor sentiment remained subdued amid concerns over flooding in key agricultural regions and macroeconomic uncertainty. The KSE-100 index settled at 147,343.51, down 150.52 points or 0.10 per cent, after recording an intraday high of 148,042 and a low of 147,210, reflecting a volati
The Centre on Thursday postponed the inaugural session of the newly constituted National Finance Commission (NFC) on the request of the Sindh government “due to the impending flood situation”. A notification issued to all official and private members, as well as provincial and federal finance secretaries, said the date and time of the rescheduled meeting would be communicated later. The 11th
The Lahore High Court’s Rawalpindi bench has dismissed a pro bono petition, challenging the ongoing privatisation of Pakistan International Airlines Corporation Limited (PIACL), ruling that the Privatisation Commission has complied with the statutory requirements under the Privatisation Commission Ordinance, 2000. The court ruling paved the way for smooth selling of the national flag carr
Pakistan on Wednesday sought deeper collaboration and fresh support for policy-based lending from the Asian Development Bank for vast sectors of the economy, from climate to infrastructure to resource mobilisation, through global capital instruments, like green bonds and debt-for-nature swaps, under the new 10-year partnership. The wish-list for future direct financial support and collaborati
Finance Minister Muhammad Aurangzeb on Wednesday unveiled a drastically simplified income tax return form for salaried individuals — reducing the number of required fields from 800 to just 40 — as part of the government’s push for a predictable tax regime and accelerated privatisation under its broader structural reform agenda. Speaking at a conference on “Building a Resilient Public Financial