After experiencing significant losses in the preceding week due to global uncertainty stemming from the tariff impositions by the US against its trade partners, the Pakistan Stock Exchange (PSX) began its recovery thanks to positive economic developments in the outgoing week. Concerns about global trade eased, helping global equities rally and reduce losses as US President Donald Trump signalle
ON the morning of April 5, 2025, traders at the New York Stock Exchange were glued to their screens as Apple’s stock nosedived nearly five per cent in an hour. Tesla had already fallen 7pc the day before, and Meta, Microsoft, and Alphabet were not far behind. In just three days, nearly $2 trillion in market value was wiped from America’s largest tech firms. The crash wasn’t triggered by a pr
Finance Minister Muhammad Aurangzeb left for the United States on Saturday to attend the 2025 Spring Meetings of the International Monetary Fund (IMF) and World Bank, state-media Radio Pakistan reported. The meetings, scheduled for April 21–26, will bring together finance ministers, central bankers, and development experts from around the world. During the visit, Aurangzeb will meet with s
In a positive development for the country’s business community, the goods transporters on Saturday announced an end to their strike after successful negotiations with the authorities in Karachi. The country’s logistics and transport system had come to a halt as the nationwide strike by goods transporters entered its fourth day on Friday, disrupting trade operations, paralysing supply chains and
Digital payments are rapidly increasing as Raast transactions surged to Rs6.4 trillion in the second quarter of 2025, said State Bank of Pakistan Deputy Governor Saleem Ullah while launching the “Go Cashless” drive on Saturday. Transactions via Raast have been growing fast in major cities, but a majority in the rural areas did not operate this system. To boost financial inclusion and encourage