The Pakistan Stock Exchange (PSX) took a dip on Monday, as investors opted to take profits amid growing concerns over the release of the third tranche of the International Monetary Fund (IMF) loan. The market saw a volatile session, with the benchmark KSE-100 index fluctuating sharply before closing down. Ahsan Mehanti of Arif Habib Corporation attributed the bearish market performance to inst
US President Donald Trump’s doubling of tariffs on goods from India to as much as 50 per cent took effect as scheduled on Wednesday, escalating tensions between the world’s two largest democracies and strategic partners. A punitive 25pc tariff imposed due to India’s purchases of Russian oil adds to Trump’s prior 25pc tariff on many products from India. It takes total duties to as high as 50pc f
The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a financial bailout for Pakistan Television (PTV), a recovery plan for Rs47 billion in outstanding petroleum levy from Cynergico Refinery, and the use of funds collected under the captive levy on gas to reduce electricity rates for all consumers. The committee also gave the green light to the construction of the Multan
Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to implement a faceless, technology-driven customs inspection and valuation system aimed at curbing corruption, facilitating trade, and improving revenue collection. Chairing a meeting on Tuesday to review ongoing reforms in customs assessment and inspection, the prime minister stressed the need to align the system wi
The Awami National Party has rejected the terms of reference for the 11th National Finance Commission, declaring them against the financial rights of provinces. In a statement issued here on Tuesday, ANP provincial president Mian Iftikhar Hussain said the move was an attempt to undermine the financial autonomy of the provinces granted under the 18th Amendment. He said the new NFC ToRs were n