Business News | PSX | News Updates from Pakistan Economy

FBR chief justifies arrest powers amid over Rs1.61 trillion in tax evasion

Amid government's efforts to increase the tax revenue, Federal Board of Revenue (FBR) Chairman Rashid Mahmoud Langrial has defended proposed powers for the tax body to arrest CEOs, CFOs, and Board of Directors on tax…

June 15, 2025
Published in Business

PSX Drops Sharply Amid Rising Israel-Iran Tensions

The equity market plunged on Friday as geopolitical tensions spiked following reports of Israeli strikes on Iranian nuclear and military sites.

June 13, 2025
Published in Business

Investor confidence soars on PSX after unchanged CGT in budget

The equity market rose sharply on Wednesday amid strong investor confidence in the newly announced federal budget, with analysts pointing to favourable tax treatment and IMF-aligned fiscal discipline as key drivers of sentiment.

June 11, 2025
Published in Business

Minister for Finance and Revenue Muhammad Aurangzeb

Budget FY26: Govt eyes 4.2% GDP growth, proposes relief for salaried class

The Federal Budget 2025-26 with a total outlay of 17573 billion rupees has been announced, encapsulating measures aimed at promoting inclusive and sustainable economic growth.

June 10, 2025
Published in Business

No petrol relief: Budget eyes 5% sales tax, Rs100 levy

There is no major relief expected for the public in the upcoming fiscal year 2025–26, as the government is seriously considering imposing sales tax on petroleum products and raising the petroleum levy.

June 10, 2025
Published in Business

Federal budget 2025-26 to be presented today

The Federal Budget for the next fiscal year will be presented in the National Assembly on Tuesday. Finance Minister Muhammad Aurangzeb will present the Federal Budget in the National Assembly.

June 10, 2025
Published in Business

Pakistan Economic Survey 2024-25: Fiscal Gains and Stabilization

Finance Minister Senator Muhammad Aurangzeb unveiled the Pakistan Economic Survey 2024-25 today, outlining the country’s economic performance for the fiscal year.

June 9, 2025
Published in Business

Petroleum levy receivables projected to hit Rs1,311 billion

The receivables under the banner of petroleum levy are expected to hit historic mark in the next fiscal year as the government is estimated to get over Rs1,311 billion.

June 9, 2025
Published in Business

Documents suggest a 4.2% growth target for next fiscal year

There is a proposal to set the target for the economic growth rate at 4.2 per cent in the upcoming national budget for the next financial year (FY), 2025-26.

June 9, 2025
Published in Business

Power Division responds to reports of ban on two electricity meters

The Power Division has categorically denied reports circulating on social media claiming that the government had imposed a ban on installing more than one electricity meter in a single residential unit.

June 8, 2025
Published in Business

SSGC announces gas supply schedule for Eid ul Adha

The Sui Southern Gas Company (SSGC) has announced a gas supply schedule for Eid ul Adha.

June 5, 2025
Published in Business

Nepra reduces KE tariff by Rs2.9 per unit under FCA

The National Electric Power Regulatory Authority (Nepra) on Thursday notified a Rs2.98 per unit refund to the K-Electric consumers under the provisional monthly fuel charge adjustment (FCA), providing relief to power users ahead of the…

June 5, 2025
Published in Business

ADB approves $800 million loan for Pakistan

The Asian Development Bank (ADB) has approved $800 million loan for Pakistan. According to the ADB’s official statement, the amount for Pakistan has been approved under Resources Mobilization Reforms Program.

June 3, 2025
Published in Business

KE outlines investment plans during PSX session

K-Electric (KE), Pakistan’s only vertically integrated electric utility, reiterated its commitment to dependable and sustainable energy at its corporate briefing session held at the Pakistan Stock Exchange (PSX).

June 3, 2025
Published in Business