Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index crossing the 170,000 level during the opening minutes of trading on Wednesday. At 9:40am, the benchmark index was hovering at 170,171.82, an increase of 715.44 points or 0.42%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas
Despite what many overseas Pakistanis describe as humiliating behaviour and bureaucratic hurdles at home and abroad, at the hands of fellow countrymen in positions of authority, migrant workers have continued to support the struggling economy with unwavering commitment, sending $16.14 billion in 5MFY26, up 9% year-on-year and nearly $3.3 billion higher than Pakistan's dwindling exports of $12.8 bi
NayaPay, a Pakistani fintech platform, has launched global QR payments in collaboration with Ant International's Alipay+ wallet gateway. According to a statement, the partnership enables NayaPay users to scan and pay at Alipay+ merchants across more than 50 countries. The service connects Pakistani consumers to international payment acceptance in sectors including retail, dining, transport, hea
Mobile phone users pay over 55% of the price of a handset in taxes, which is exorbitant, reflects the narrow-mindedness of policymakers and requires urgent reduction in levies to promote digitisation, revealed proceedings of a parliamentary committee meeting. The National Assembly Standing Committee on Finance on Tuesday described heavy taxes on mobile handsets as irrational and narrow thinking
The government on Tuesday banned the import of used cars under the baggage scheme and tightened restrictions for the other two schemes, including a minimum three-year stay abroad, restricting competition for foreign firms in breach of commitments made to the International Monetary Fund (IMF). The Economic Coordination Committee (ECC) of the Cabinet, which tightened the conditions for car imports,