Business News | PSX | News Updates from Pakistan Economy

FBR likely to be tasked to collect up to Rs11.5tr next fiscal

With the possibility of fixing the annual tax collection target of the Federal Bureau of Revenue's (FBR) ranging between Rs11.2 to Rs 11.5 trillion for the next budget, the International Monetary Fund (IMF) has given…

May 16, 2024
Published in Business

Govt slashes petrol price by Rs15.39 per litre for next fortnight

In a major relief for the inflation-hit nation, the federal government approved a massive cut of Rs15.39 per litre in the petrol price for the next fortnight in line with the global oil rates.

May 16, 2024
Published in Business

Elon Musk's Tesla hit with lawsuit for polluting California

Elon Musk's Tesla has been slapped with yet another lawsuit but this time it is about an environmental issue.

May 15, 2024
Published in Business

Gold price gains Rs2,900 per tola

After witnessing a fall in the last three sessions, gold prices reversed their trajectory in Pakistan on Wednesday in line with the increase in the international rate.

May 15, 2024
Published in Business

IMF raises concerns over uncontrolled circular debt

The International Monetary Fund (IMF) has expressed strong concerns over the uncontrolled growth of circular debt in Pakistan.

May 15, 2024
Published in Business

PSX reaches new high, crosses 75,000 milestone

An unprecedented boom has been witnessed in the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index crossed the monumental threshold of 75,000 points.

May 15, 2024
Published in Business

PSX reaches new high, crosses 74000 milestone

The Pakistan Stock Exchange (PSX) opened the week on a positive note as the benchmark KSE-100 index crossed the 74,000 mark on Monday.

May 13, 2024
Published in Business

Fuel prices expected to fall by Rs13 per litre from May 16

The petrol prices may come down by Rs13 per litre and diesel by Rs8-9.50 per litre from May 16 for the next fortnight till May 31, 2024.

May 13, 2024
Published in Business

Privatisation key for achieving economic stability, says Finance Minister

As Pakistan gears up for its upcoming bailout talks with the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb Sunday underscored the significance of privatisation terming it as necessary to achieve economic stability.

May 12, 2024
Published in Business

IMF mission chief to arrive in Pakistan next week for bailout talks

The International Monetary Fund's (IMF) Sunday has confirmed that it will be holding talks with Pakistani officials to discuss the "next phase of engagement" in the coming week.

May 12, 2024
Published in Business

Gold price per tola decreases Rs300 in Pakistan

Gold price in Pakistan on Saturday registered decline in line with the downward trend in the international market.

May 11, 2024
Published in Business

Govt assures IMF of timely increases in electricity and gas tariffs

The International Monetary Fund (IMF) has demanded Pakistan further increase gas prices on a half-yearly basis starting in June.

May 11, 2024
Published in Business

How to conduct effective meetings? Jeff Bezos tells his secret

Billionaire and CEO of Blue Origin Jeff Bezos has suggested co-founder of WeWork how to conduct effective meetings.

May 10, 2024
Published in Business

Solar panel prices in Pakistan fall further

Amid increasing demand due to sky-rocketing power bills, the prices of solar panels in Pakistan have fallen sharply making it easier for consumers to install the cheaper alternative.

May 10, 2024
Published in Business