Govt all set to import 500,000 tonnes of sugar

Officials say the move aims to balance the sugar prices and ensure smooth supply across the country

Wall Street falls as Trump pressures trading partners with new tariffs

Wall Street falls as Trump pressures trading partners with new tariffs

PM appreciates FBR, IB for joint efforts to enhance tax collection

The joint efforts by the IB and FBR had resulted in the recovery of Rs178 billion

PSX surpasses historic 134,000 mark as bullish momentum returns

Investors are engaged in profit-taking, leading to a decline in market momentum

Gold holds ground as investors assess US tariff hike

Spot gold was steady at $3,334 per ounce

Yen stumbles as Trump imposes 25pc tariffs on Japan

The euro was up 0.27% to $1.1741 after having slid 0.67% on Monday

Shares steady, dollar firms on US tariff letters

Japan's Nikkei stock gauge (.N225) opened lower but then turned positive

Oil prices ease as traders assess US tariffs, OPEC plus output hike

Brent crude futures dropped 21 cents at $69.37 a barrel

Austerity measures extension notified for fiscal year 2025–26

Ban on purchase of all types of vehicles, procurement of machinery and equipment, new posts

Pakistani rupee hits 19-month low against US dollar

In open market, rupee loses 9 paise for buying and 24 paise for selling against US dollar

FinMin ties tariff overhaul to $44.9 billion export target in FY26 budget

The government has retired Rs500 billion loan to the central bank early

FBR introduces Pakistan's first AI-based custom clearance, risk management system

During the initial testing of the new system, over 92% improved performance was observed.

Stocks slip as US shifts tariff goalposts, oil skids

EUROSTOXX 50 futures eased 0.1%, while FTSE futures fell 0.2% and DAX futures held steady

Tesla shares fall as Musk's 'America Party' riles investors

Tesla stock fell over 3% in Frankfurt, pointing to another decline once premarket trading begins

Tough decisions have revived economy: SBP governor

Governor Jameel emphasized that achieving a sustainable economy requires macroeconomic stability

German industrial output rose more than expected in May

Production rose 1.2% over previous month, while analysts polled had predicted it to be flat at 0%

Oil tumbles as OPEC+ hikes August output more than expected

Brent crude futures fell 47 cents to $67.83 a barrel while US WTI crude was at $66.05, down $0.95

PSX scales above 133,000 level as buying momentum continues

Buying activity was seen in major sectors

China retaliates to EU ban with import restrictions on medical devices

Tensions between Beijing and Brussels have been rising

Ingram Micro says identified ransomware on certain of its internal systems

The information technology company took steps to secure the relevant environment

Investment firm Azoria postpones Tesla ETF after Musk plans political party

Azoria was set to launch the Tesla ETF, which would invest in the electric vehicle company's shares

Canada could financially back aluminum producers if 50% US tariffs persist, trade group says

Around half of all aluminum used in the US is imported, with the vast majority coming from Canada

Investors head into Trump tariff deadline benumbed and blase

Days before end of a 90-day pause announced on April 2, he said letters will be sent to 12 countries

OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

The group, which pumps about half of the world's oil, has been curtailing production since 2022

UK's Octopus Energy weighs 14 billion-dollar demerger of tech arm Kraken, Sky News says

UK's Octopus Energy weighs 14 billion-dollar demerger of tech arm Kraken, Sky News says

Japan tariff negotiator held in-depth talks with Lutnick, Japanese government says

Japan tariff negotiator held in-depth talks with Lutnick, Japanese government says

Auto prices soar as new budget taxes kick in

The carbon levy, also known as the NEV adoption levy, is now being applied at different rates

Trump says the US 'pretty much' has a deal on TikTok

Last month, Trump extended to September 17 a deadline for China-based ByteDance

Indonesia offers to cut duties on US goods, buy $500 million of wheat in tariff talks

Indonesia has also offered the US opportunities to invest in critical minerals projects

World shares are mostly down as Trump's tariff deadline looms, while US stocks set records

World shares are mostly down as Trump’s tariff deadline looms, while US stocks set records

Weekly inflation inches up by 0.73pc, prices of key food items rise

Prices of 18 essential items go up, 6 items become cheaper, while rates of 27 items remain steady

Chinese sales of foreign phone makers, including Apple, drop 9.7pc in May

Chinese sales of foreign phone makers, including Apple, drop 9.7pc in May

Trade talks between Pakistan, US conclude

Ministry of Commerce leads the trade negotiations

PSX hovers over 131,000 points as buying rally continues

The KSE-100 index has gained 593.89 points during intraday trading

Oil prices steady on solid job market, tariff uncertainty

Brent crude futures rose 1 cent, or 0.01%, to $68.81 a barrel

Dollar holds firm against euro, yen as US trade pressure mounts

The gauge stood little changed at 97.056 after a 0.4% advance

Pakistan, Oman vow to deepen maritime ties, launch ferry link

Both sides acknowledged deep-rooted diplomatic, cultural, and economic relations

Utility Stores workers vow resistance as govt plans shutdown from 10th

All operations will shut down by the end of the month

Consortium appointed to fast-track privatisation of ZTBL

It is aimed at reducing fiscal losses from poorly performing state-owned enterprises

In labour-starved Japan, workers land another bumper pay hike

Steady wage hikes are crucial for sustaining a consumption-led recovery

Digital transactions key to bringing transparency to economy: PM

PM also directed that committees established for cashless economy should work hard

As trade war truce with China holds, US lifts curbs for chip design software and ethane

Three of the world's largest EDA software developers restored access or customers in China

Pakistan's crypto mining plan hits roadblock as IMF pushes back

The global lender raises objections to cheap electricity proposal

Bulls on rampage as PSX storms past 131,000 in record surge

The benchmark recorded gains of 800 points to hit an intraday high of 131,325 points

Gold eases as investors await US data for Fed policy clues

Spot gold lost 0.3% to $3,346.47 per ounce

Oil falls on signs of weak US demand ahead of key jobs report

Brent crude futures fell 24 cents, or 0.35%, to $68.87 a barrel

Dollar drifts as traders hunker down for US payrolls

The dollar index still near the 3-1/2-year lows it has been rooted to this week

Asian shares tick up ahead of US payrolls test; Trump's tax bill in focus

The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) advanced 0.2pc

Russia seeks to double $1.8bn trade with Pakistan

Moscow could provide machinery, fertilizers, oil and gas

US stocks hold steady ahead of Thursday's jobs report as Tesla rallies

US stocks hold steady ahead of Thursday’s jobs report as Tesla rallies

Pakistan eager to learn from successful SME models in developing countries: FinMin

Says financial reforms are underway to strengthen exports, ensure better inclusion of women, youth

Govt cuts regulatory duty on over 100 imported items

Import duty on SUVs has been slashed by 44%

Govt slashes profit rates on National Savings Schemes

The Islamic Saving Account also saw a major cut, with the profit rate falling by 59 basis points

Govt decides to import 500,000 tonnes sugar to stabilise prices

Strict action will be taken against those stockpiling sugar to create artificial shortages

PM Shehbaz applauds record 42pc tax revenue surge

Says no institutional complacency will be tolerated in achieving revenue targets

Nepra approves Rs1.14 per unit reduction in electricity base tariff

Lifeline consumers will not benefit from this relief.

PSX continues record rally, crosses 130,000 milestone

The KSE-100 benchmark has gained 1923.35 points

Trump says US could reach trade deal with India, casts doubt on deal with Japan

Trump said that he believed India was ready to lower barriers for US companies

Gold steadies ahead of US data

Spot gold was little changed at $3,341.70 per ounce

Dollar wallows near over three-year low as Fed cuts in focus

The greenback held steady at 0.7906 Swiss franc

Asian stocks waver under weight of Trump tariffs, Fed uncertainty

ech-heavy Taiwan stocks (.TWII) and South Korea's Kospi Index (.KS11) also fell

Minister launches interest-free loan scheme for railway porters

A railway porter to get Rs50,000 interest-free loan

Pakistan plans Gulf ferry service from Gwadar to boost trade, connectivity

The ferry service will strengthen people-to-people ties

Russia, Pakistan to finalise framework for new steel mill in Karachi

We are ready to prepare a roadmap for the constructions of a new steel mill in Karachi

Pakistan to import 500,000 metric tons of sugar to stabilise market

Dar chairs a follow-up meeting of the steering committee on sugar import

FinMin calls for equitable global financial reforms

He represents Pakistan at Fourth International Conference on Financing for Development in Spain

June inflation creeps up to 3.2pc amid budget tightening, IMF goals

Month-on-month, inflation edges up 0.2 pc in June, reversing the 0.2 per cent dip recorded in May

Transporters hike fares as fuel prices go up

Fares from Lahore to Faisalabad, Bhalwal, Chakwal, Sialkot increased by Rs50

Heavy tax measures come into effect as new fiscal year begins

Pakistan enters a new fiscal year following Presidential assent by Asif Ali Zardari

PSX begins new fiscal year with bang, jumps to fresh records

KSE-100 has gained 2,508 points on first trading day of FY2026

Gold rises amid uncertainty over US tariff policies

Spot gold was up 0.4% at $3,315.26 per ounce

Oil edges down on expectations of more OPEC plus supply, tariff fears

Brent crude futures for September delivery fell 16 cents, or 0.24%, to $66.58 a barrel

Asian shares rise as US bill debate lingers

Japan's Nikkei (.N225) gauge of shares sank as much as 1.1%

Pakistani mango festival in Abu Dhabi promotes exports

Pakistan is the world’s fourth-largest mango producer

World Bank appoints Bolormaa Amgaabazar new country director for Pakistan

The World Bank and Pakistan have a long-standing partnership that has benefited millions of people

Govt hikes petrol prices by Rs8.36, diesel by Rs10.39 per litre

With this increase, people fear price-hike in other daily use items

President Zardari signs finance bill for budget 2025-26

After President Asif Ali Zardari’s assent, the bill has been sent for gazette notification

US stocks add a bit more to their all-time high

US stocks add a bit more to their all-time high

Thai finance minister to travel to US for trade talks

FM Chunhavajira hoped US tariffs will not be higher than those imposed on other countries

Govt decides to scrap 'electricity duty' from power bills

Leghari urged provincial governments to shift towards alternative methods for collecting their taxes

Indonesia to ease import restrictions ahead of US tariff deadline

The US goods trade deficit with Indonesia was $17.9 billion in 2024

Ogra slashes LPG prices by Rs7.51 per kg

Ogra cuts LPG prices by Rs4.62 for June amid crackdown on illegal fuel t

K-Electric consumers likely to get power tariff cut by Rs4.69 per unit

K-Electric has filed this request due to lower fuel costs

FBR misses tax target by Rs1,470bn in FY2024-25

Even after the target was revised twice, the tax authority couldn't catch up.

June inflation likely to remain between 3-4pc, says finance ministry

“Inflation is expected to remain within the range of 3.0-4.0pc for June 2025,” said Aurangzeb

Govt plans to cut electricity prices nationwide by Rs1.15 per unit

These revisions are based on Nepra’s tariff decisions for FY2025-26

Petrol, diesel prices likely to increase by up to Rs15 per litre

FinMin to announces new rates tonight after consultation with PM Shehbaz

Bull run at PSX continues as KSE-100 reaches all-time high of 125,627

KSE-100 index has gained 1,248.25 points during trading

Oil falls on prospect of more OPEC plus supply, easing risks in Mideast

Brent crude futures fell 66 cents, or 0.97%, to $67.11 a barrel

China 'rolls over' $3.4 billion of commercial loans to Pakistan

China rolls over $3.4 billion of commercial loans to Pakistan, says source

Gas price hike for industries, power sector from July 1

Fixed monthly charges for domestic users raised as well

Govt moves to implement uniform power tariff from July 1

The goal is to set equal power rates nationwide

Elon Musk says Senate bill would destroy jobs and harm US

Billionaire Elon Musk criticised spending bill as "utterly insane and destructive"

Oil steadies after report of planned OPEC+ August output hike

Four delegates from OPEC+ said the group was set to boost production by 411,000 bpd in August

G7 agrees to avoid higher taxes for US and UK companies

The G7 has created a "side-by-side" system in response to the US decision to abandon the Section 899

Stellantis to recall over 250,000 US vehicles over air bag issue, NHTSA says

Stellantis to recall over 250,000 US vehicles over air bag issue, NHTSA says

Pakistan tops global emerging markets in default risk reduction

The Bloomberg termed Pakistan as the most improved economy in terms of default risk reduction

Govt committed to maintaining financial discipline with balanced decisions: Dar

The foreign minister chaired a meeting to review matters related to the power sector

Rs7.5tr SOE losses, pension liabilities surpass defence, development budgets

He emphasised the urgent need for reforms in the energy sector

Weekly inflation eases by 0.18pc in Pakistan

During the week, out of 51 items, prices of 12 increased, 14 decreased and 25 items remained stable

Dollar gains as Trump reignites trade concerns

The dollar dropped to a three-and-a-half-year low against the euro

SBP declares bank holiday on July 1

The July 1 bank holiday is a standard practice every year

ECC approves 50pc increase in fixed charges for gas consumers

The decision was taken during the ECC meeting chaired by Finance Minister Muhammad Aurangzeb

US stocks rise to the brink of a record and recover nearly all their 20% springtime drop

US stocks rise to the brink of a record and recover nearly all their 20% springtime drop

Key read on inflation rose last month and Americans cut back on spending

Key read on inflation rose last month and Americans cut back on spending

PSX ends on a high note as KSE-100 soars over 2,300 points

The total trading volume hit 769.2 million shares, with a trading value of over Rs 37 billion.

PM Shehbaz thanks allies for budget passage, urges collective effort for economic growth

PM Shehbaz lauds people-friendly budget; reaffirms unity in face of regional challenges

PSX stages strong recovery as Budget 2025-26 sails through NA

KSE-100 rebounded with over 1,500 points during intraday trading

Etihad Town Phase - III Pre-Launch Payment Plan Unveiled

The ceremony was attended by prominent figures from Lahore’s real estate sector

Gold heads for second weekly loss, investors eye US inflation data

Spot gold slipped 0.4% at $3,313.23 per ounce

Oil set for weekly loss on fading Mideast supply risks

Brent crude futures rose 34 cents, or 0.5%, to $68.07 a barrel

Dollar lingers near over three-year low as traders bet on US rate cuts

The dollar index was lingering near its lowest since March 2022 at 97.378

Shares rally amid expectations for early rate cuts

Japan's Nikkei (.N225) jumped 1.5% and surpassed the 40,000 mark for the first time in five months

Investment plan for energy sector soon, says minister

Awais Leghari outlines reforms, urges regional energy cooperation

Pakistan inks Rs10bn green finance deal to back sustainable innovation

The agreement was finalised during a high-level meeting

Pakistan, Uzbekistan explore maritime partnership at Karachi Port

Federal minister directs KPT to facilitate Uzbek delegation

Pakistan completes Roosevelt Hotel's base valuation ahead of privatisation plan

‘We have an idea of the asset valuation in Roosevelt’

Revised finance bill 2025-26: No tax on salaries up to Rs600,000, new slabs introduced

Those earning between Rs600,001 and Rs1.2 million annually will be required to pay 1% income tax.

Shell denies reports that the energy giant is in talks to take over BP

BP has also struggled to recover from the 2010 Deepwater Horizon disaster

Bulls dominate as PSX crosses 123,000 mark

The KSE-100 benchmark has gained 300.53 points

Gold rises as Trump's Powell criticism fuels uncertainty

Spot gold was up 0.2% at $3,339.20 per ounce

Dollar slips on Fed credibility concerns

Sterling rose 0.3% to $1.3723, its highest since January 2022

Oil rises as draw in US crude stocks signals firm demand

Brent crude futures rose 15 cents, or 0.2%, to $67.83 a barrel

Asian stocks hesitant after Trump's attack on Powell

Tokyo's Nikkei (.N225) rose 0.9% to a four-month high

Pakistan sets target of exporting 125,000 tons of mangoes to Middle East

Pakistan is the world’s fourth-largest mango producer

Rs12bn plan approved to transform Gadani into green ship-breaking yard: minister

Ship recycling must evolve to meet global sustainability standards

Balochistan finance minister hails unanimous approval of budget 2025–26

He stated that the new budget included numerous schemes

Major breakthrough in Pak-US trade talks, deal expected next week

Major breakthrough in Pak-US trade talks, deal expected next week

Sindh Assembly passes Rs3,450bn budget for FY 2025-26

Over 2,000 cut motions submitted by the opposition were rejected being accepted.

SC declares registration of FIRs against taxpayers unconstitutional

This ruling is being seen as a significant step forward in the protection of taxpayer rights

PSX maintains bullish trend as Iran-Israel ceasefire boosts investor confidence

The ceasefire between Iran and Israel has boosted the confidence of investors

Gold firm while markets watch Iran-Israel ceasefire

Spot gold was up 0.2% at $3,328.89 per ounce

Oil prices edge higher as investors assess Iran-Israel ceasefire

Brent crude futures rose 75 cents, or 1.1%, to $67.89 a barrel

Asia markets stabilise following Middle East truce

Japan's Nikkei (.N225) and Australia's stock benchmark (.AXJO) were flat

Balancing population, resources key to sustainable development: minister

Says efficient resource utilisation and human development must be national priorities

Commerce minister outlines roadmap to $60bn exports

This is not a theoretical plan—it’s rooted in economic realities

Nepra approves Rs1.50 per unit cut in power tariff

It has sent the approval to the federal government for notification

Railways' reforms top priority: Hanif Abbasi

Hanif Abbasi highlights key railway upgrades, land recovery, service improvements under PM direction

World shares rally after Trump announces what appears to be a shaky Israeli-Iran ceasefire

World shares rally after Trump announces what appears to be a shaky Israeli-Iran ceasefire

PSX witnesses bullish trend, gains over 6,000 points amid ceasefire reports

Trading halted for one hour after the KSE-100 surges by over 6,000 points

Gold at near 2-week low after Trump announces Israel-Iran ceasefire

Spot gold was down 0.5% to $3,351.47 an ounce

Oil prices fall to over one-week lows as Trump announces Israel-Iran ceasefire

Brent crude futures fell $2.69 or 3.76% to $68.79 a barrel

Dollar slips in broad risk rally after Trump announces Israel-Iran ceasefire

Against the yen, the greenback was down 0.37% at 145.60

Shares rally as Trump announces Iran-Israel ceasefire

The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) jumped 1.8%

New brain study explains why some pain becomes chronic

when pain becomes chronic, this system appears to malfunction

Port Qasim cuts exporter charges by 50pc to boost trade: minister

Minister Chaudhry underscored the importance of green shipping initiatives

Minister says country holds ample petroleum reserves amid fears of closure of Strait of Hormuz

Iran’s parliament has approved cutting off the Strait of Hormuz

Govt approves import of 500,000 metric tons of sugar

The imported sugar will be made available in the domestic market

PM approves launch of 'Apna Meter, Apni Reading' app for electricity users

The role of meter readers will be eliminated to ensure transparency in billing

Stocks in bear grip as PSX sheds over 3,800 points amid US-Iran tensions

Oil prices have jumped to their highest since January

Bitcoin falls 4pc to 99,237 dollars

Ether, the second-largest cryptocurrency, was down by around 8.52pc

Dollar firms as markets brace for Iran response to US attacks

The dollar advanced broadly against most rivals

Oil hits five-month high after US attacks key Iranian nuclear sites

Brent crude futures was up $1.92 or 2.49% at $78.93 a barrel

Shares slip as investors weigh Iran scenarios

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.5

Tax rate slashed to 1pc for annual incomes up to Rs1.2 million

For those with an annual income of up to Rs2.2 million, the tax rate will drop from 15% to 11

Govt signs $4.5bn loans with local banks to ease power sector debt

The government expects to allocate Rs323 billion annually to repay the loan

IMF allows import of five-year-old vehicles

From the fiscal year 2027, the import of vehicles up to seven years old will also be permitted

Asia shares edge up as Trump weighs strikes on Iran

South Korea's share benchmark (.KS11) also outperformed with a jump of 1.1%

Oil prices fall as US delays decision on direct Iran involvement

Brent crude futures fell $1.57, or around 2%, to $77.28 a barrel

Google hits setback in bid to overturn multibillion EU antitrust fine in Android case

Google hits setback in bid to overturn multibillion EU antitrust fine in Android case

Gold prices tick up as Middle East tensions buoy demand

Spot gold was up 0.2% at $3,376.48 an ounce

Oil falls as investors weigh chance of US intervention in Iran-Israel conflict

Brent crude futures fell 37 cents, or 0.48%, to $76.33 a barrel

Asian stocks slip as Middle East conflict rages

Japan's Nikkei (.N225) sank 0.8%

PM for global standards in vocational training to boost jobs overseas

He asks training institutes to seek international accreditation

Cabinet approves Rs1.275trillion loan to tackle power sector's circular debt

PM Shehbaz Sharif chaired the federal cabinet meeting

Pakistan signs $1bn deal with ADB

Government officials believe this deal will help ease financial pressure

New digital tools launched to enhance water, climate planning in Pakistan

Federal and provincial officials, engineers, researchers, and members of civil society took part

Careem to suspend ride-hailing service in Pakistan from next month

The decision follows Uber’s exit from Pakistan in 2022

Solar tax cut to 10pc after review, confirms Dar

Accepts concerns regarding digital taxation were valid but issue stays with provinces

PSX witnesses bearish trend, loses 1,505.11 points

As many as 470 companies transacted their shares in the stock market

AJK govt presents 'tax-free' budget for FY2025-26

Total estimated budget size for upcoming fiscal year is set at Rs310.2 billion

SIFC marks two years of reforms, investment and economic revival

It has helped secure investment agreements worth billions of rupees in the mineral sector

Current Account records over 1.8bn dollars surplus in 11 months of FY25

However, the Current Account for May 2025 recorded a deficit of $ 103 million

Oil prices extend rise as Iran-Israel conflict enters sixth day

Brent crude futures rose 19 cents, or 0.25%, to $76.64 a barrel

Dollar steady as investors monitor Israel-Iran conflict ahead of Fed

The dollar firmed as much as 0.1% against the yen

Nervy markets await Fed as Mideast conflict rages on

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.26%

FPCCI forms body on law regarding arrest of businessmen

It rejects law permitting arrest of businessmen

Commerce ministry plans to reform Trade Organization Rules 2013

This consultative process is a golden opportunity for stakeholders

Pakistan wants to boost trade, tourism cooperation with Bangladesh

Pakistan and Bangladesh have improved their strained ties

The US economy is in a good place, but the Federal Reserve is not

The US economy is in a good place, but the Federal Reserve is not

Trump suggests he'll extend deadline for TikTok's Chinese owner to sell app

Trump suggests he’ll extend deadline for TikTok’s Chinese owner to sell app

No new taxes imposed in Punjab budget 2025-26, says finance minister

historic public service package was presented under the direction of Chief Minister Maryam Nawaz

Balochistan unveils Rs1,028bn budget for FY2025-26

A 10% increase in salaries and a 7% raise in pensions given