Business News | PSX | News Updates from Pakistan Economy

Finance Minister stresses need to enhance Tax-to-GDP ratio

Federal Minister for Finance and Revenue, Muhammad Aurangzeb has highlighted the importance of devising strategies to enhance Tax-to-GDP ratio and broaden the tax base to maximize revenue collection.

May 4, 2024
Published in Business

Gold prices in Pakistan continue to drop

The per tola rate of 24 karat gold decreased by Rs 1,400 and was sold at Rs 239,600 on Friday compared to its sale at Rs 241,000 on last trading day.

May 3, 2024
Published in Business

Gold price per tola falls Rs900 in Pakistan

Gold prices continued their downward trajectory in Pakistan for the fourth successive session on Thursday, in line with the ease in the international rate. In the local market, gold price per tola reached Rs241,000 after…

May 2, 2024
Published in Business

Suzuki announces major decrease in car prices

In a major development, Pak Suzuki Motor Company on Thursday announced a price decrease of up to Rs710,000 on car models with effect from May 1, 2024.

May 2, 2024
Published in Business

Govt to block mobile phone SIMs of over 500,000 non-filers

In a robust action against non-filers amid the prevailing financial crisis being faced by the cash-strapped country, the government on Tuesday directed the Pakistan Telecommunication Authority (PTA) and the telecom companies to block mobile phone…

April 30, 2024
Published in Business

Petrol price slashed by Rs5, diesel by Rs8

The government may reduce the petrol price by close to Rs5 per liter to Rs288 from Rs293.94 per liter and diesel by Rs8 per liter to Rs282.38 from Rs290.38 for the next fortnight from tomorrow,…

April 30, 2024
Published in Business

IMF okays $1.1bn loan tranche for Pakistan

The International Monetary Fund’s (IMF) Executive Board has approved the last tranche of $1.1 billion for Pakistan under the $3 billion Stand-By Arrangement (SBA).

April 30, 2024
Published in Business

SBP maintains policy rate at 22% for seventh consecutive session

In line with market expectations, Pakistan's central bank has left its key policy rate unchanged at a record high of 22% for the seventh consecutive time in the past 10 months, ahead of the IMF…

April 29, 2024
Published in Business

Gold prices register decrease in Pakistan

Gold prices in Pakistan continued a downward trend as per tola price slashed by Rs 500 on Monday.

April 29, 2024
Published in Business

In surprise visit to China, Elon Musk clears key hurdle to introduce Tesla's FSD

Tesla on Monday cleared some key regulatory hurdles that prevented the launch of its self-driving software in China, a day after its CEO Elon Musk's surprise visit to Beijing, Reuters reported.

April 29, 2024
Published in Business

PSX surges to all-time high, crosses 73000 points milestone

A new history has been made in the Pakistan Stock Exchange, the milestone of 73 thousand points has been crossed for the first time in the country's history.

April 29, 2024
Published in Business

Pakistan petrol prices set for major decrease

Petroleum prices in Pakistan are likely to go down in the upcoming fortnightly review as global oil prices continue their downward trend.

April 25, 2024
Published in Business

Pakistan stock exchange hits new high, crosses 72,000 mark

Bulls made a comeback at the Pakistan Stock Exchange (PSX) on Wednesday as the KSE-100 index touched a new peak above the 72,000-point mark over improved economic prospects.

April 25, 2024
Published in Business

IMF executive board to meet April 29 on $1.1bn Pakistan tranche

The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the fund said on Wednesday.

April 25, 2024
Published in Business