Pakistan’s IT, ITeS, and freelance exports hit record $4.6 billion in FY 2024-25
The milestone marks a 26.4% growth, driven by strategic reforms and government leadership
PSX closes slightly lower after strong intraday gains, KSE-100 dips 68.13 points
Profit-taking after early gains causes a slight pullback, with KSE-100 settling at 138,597.36, down by 0.05%
Foreign currency deposits rise by $52 million to $6.99 billion in June 2025
Deposits increase by 0.75% month-on-month and 5.42% year-on-year, with funds primarily utilised for export and import financing
Currency market faces dollar shortage despite record remittances and current account surplus: report
Importers, students, and travellers struggling to access dollars as banks charge above State Bank rates
Pakistan faces $23 billion in external debt servicing this yearÂ
External debt includes $12 billion in deposits, with significant repayments due to bondholders and commercial lenders
NAB secures Rs 16 billion plea bargain in Eden Housing scam, begins disbursement of Rs 3.20 billion to victims
Total claims submitted by 11,880 victims against Eden administration amounted to Rs 13 billion; NAB chief launches nationwide crackdown against fraudulent allotments of public land
Tax fraud in Pakistan exceeds Rs700 billion, FBR chief tells NA committee
Rashid Langrial calls for stronger post-audit mechanisms and strict penalties to tackle widespread sales tax fraud
SBP reserves rise to $14.53bn, but total forex holdings dip to $19.96bn
Central bank posts weekly gain, while commercial banks’ reserves fall by $95 million
Heavy rains wreak havoc in Rawalpindi, Islamabad, and upper Punjab, disrupting economic activity
Torrential downpours and flooding upper Punjab districts disrupt daily life, causing loss of life and widespread damage
KSE-100 hits historic high of 138,665.49, fueled by optimism over interest rate cut
The KSE-100 Index gains 2,285.53 points, boosted by investor sentiment surrounding a potential interest rate cut and positive economic indicators
No accountability as PIA faces Rs200 billion loss due to 2020 fake pilot licence scandal: report
Despite recent lifting of ban by the US and UK, the airline continues to face reputational and financial damage from claims of former aviation minister
Pakistan, El Salvador sign partnership on Bitcoin and digital assets
Agreement marks collaboration in digital finance and blockchain technology
Cross-subsidies for gas consumers to be phased out, direct financial support model expected by 2026
Government in talks with IMF to replace cross-subsidies with targeted income-based subsidies under the Benazir Income Support Programme, aiming for reform by 2026
Govt signs new agreement with PSMA on sugar exports, amid IMF concerns
Sugar exports allowed if stock exceeds 7 million metric tonnes, but critics point to price-fixing and IMF objections
KSE-100 gains over 400 points on Wednesday after previous session’s decline
The index rises 0.32%, supported by strong corporate earnings and foreign inflows