Kategori: Business

• Cabinet okays IMF-required changes to Civil Servants Act, requiring govt officials to declare assets owned by them, their family members• Policy to promote interfaith harmony, end sectarian strife also gets nod ISLAMABAD: In line with a demand by the International Monetary Fund (IMF), the federal cabinet has given its nod to a proposed amendment […]

Pakistan’s IT exports have risen by 28%, reaching $1.86 billion, with further growth expected in the coming months, Minister of State for Information Technology Shaza Fatima Khawaja announced on Sunday. Speaking at LEAP 2025 during the Pakistan-Saudi Business Forum, Khawaja highlighted the government’s commitment to expanding Pakistan’s digital economy. She described the Digital Nation Act […]

The Board of Directors of Pakistan International Airlines (PIA) on Friday approved a cadre-wise salary increase for its employees. According to a statement from the PIA spokesperson, the approval came during a recent board meeting, where cadre-wise salary increase was approved to address the growing financial pressures faced by staff, Express News reported. The last salary […]

China and Pakistan will upgrade and reconstruct the Pakistan’s railway network and further develop its Gwadar port, while Chinese companies can invest in the country’s offshore oil and gas developments, the official Xinhua news agency reported on Thursday. The comments came as President Asif Ali Zardari visits China from February 4-8, where he will also attend the opening ceremony of […]

ISLAMABAD: Pakistan’s inflation rate fell to a nearly decade-low level of 2.4% in January, bringing the central bank under pressure to further reduce interest rates to single digits by abandoning its extra-cautious monetary policy. Although the pace of increase in prices was at one of the lowest levels since November 2015, the Economic Coordination Committee […]

KARACHI: The recently published “State of the Pakistan’s Economy Report 2025”, where Q-block pitched a turnaround narrative, asserting that sound macroeconomic management, inflation control, and fiscal discipline have set the stage for sustainable growth. However, a critical analysis reveals that much of this stability is fragile and reliant on temporary factors such as the International […]

KARACHI: National and international architects and city planners have said that constructing and maintaining road infrastructure is key to economic development, and the government must prioritise it for sustainable and rapid economic growth. They pointed out the need to address climate issues caused by deteriorating roads and traffic congestion in Karachi, where many major thoroughfares […]

ISLAMABAD: The government has requested the International Monetary Fund (IMF) to allow it to restore the 25% income tax rebate for teachers and researchers, which was suddenly imposed on educators after tax authorities awoke from a deep sleep. Separately, the Federal Board of Revenue (FBR) has missed its seven-month tax collection target by a wide […]

Bulls dominated the trading floor at the Pakistan Stock Exchange (PSX) as shares climbed 1,000 points on Friday. The benchmark KSE-100 index climbed 1,096.00 points, or 0.97 per cent, to stand at 114,302.40 from the previous close of 113,206.40 at 4:12pm. Finally, the index closed at 114,255.72, up by 1049.32 or 0.93pc, from the last […]

The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the business week, with the index rising by 1,562.35 points with the benchmark index rising by 1.38%. The market’s current index stood at 114,768.75 points during intra-day trading. At 11: 20 am, PSX marking an increase of 1,562.35 points from the previous […]