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Pakistan mutual fund assets rise to Rs3.9 trillion in six years
Sun, 17 Aug 2025 16:36:00 +05:00

A currency dealer counts Rs5,000 notes. — AFP/File

Mutual fund assets peak Rs4.43tr Dec 2024, drop to Rs3.93tr June 2025.SECP links decline to govt tax policy, temporary bank-driven fund shift.Retail investors hold 39.2% AUMs 2025, corporate share slips to...

'Planting food, not hate': Brazil's Lula razzes Trump over tariff-hit grapes
Sun, 17 Aug 2025 10:58:00 +05:00

Brazilian President Luiz Inácio Lula da Silva during his visit to a family farming fair in July 2024. — AFP

President Luiz Inacio Lula da Silva said on Saturday that he hopes Donald Trump can come and get to know the real Brazil, as the South American powerhouse...

US cancels India trade talks scheduled for August: report
Sat, 16 Aug 2025 23:14:00 +05:00

Shipping containers are seen on a ship at the Jawaharlal Nehru Port in Navi Mumbai, India, August 11, 2025. — ReutersNegotiations planned for August 25–29 now stand postponed.Both sides remain in contact, fresh schedule not finalised.India slams US tariffs as unfair,...

Pakistan, US to further adjust trade, investment deals
Sat, 16 Aug 2025 13:56:00 +05:00

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb addressing media persons at PTV Headquarters.— APP/FileWashington seeks incentives in mining, minerals sectors.Pakistan expects export boost under upcoming trade pact.Moody’s upgrade signals recovery, says...

IMF stresses reforms for bolstering anti-money laundering legislation
Sat, 16 Aug 2025 12:19:00 +05:00

Image shows the seal for the International Monetary Fund in Washington, DC on January 26, 2022.— AFPIMF to publish GCD Assessment to identify structural reforms.Lender to analyse governance and corruption vulnerabilities.Govt intends to raise formal objections to the IMF's draft...

Govt decides to import 85,000 tonnes of sugar from Azerbaijan
Sat, 16 Aug 2025 11:39:00 +05:00

A labourer unloads bags of sugar from a delivery truck to a market in Karachi. — Reuetrs/FileFirst shipment set to arrive within coming weeks.Sugar to be sold at subsidised rates in markets.Govt aims to prevent shortages, control rising prices.

ISLAMABAD: In a bid to...

High-speed diesel price slashed by Rs12.84 per litre, petrol unchanged
Fri, 15 Aug 2025 23:49:00 +05:00

Employees at a fuel station attend to their customers in Islamabad on February 16, 2022. — AFP/FilePetrol price remains stable at Rs264.61.Kerosene oil’s rate drops by Rs7.19.Light Diesel Oil’s rate drops to Rs162.37.

The federal government on Friday announced a...

SBP issues coin to celebrate Marka-e-Haq victory
Fri, 15 Aug 2025 20:42:00 +05:00

Rs75 commemorative coins seen in this image.— SBP website/file

The State Bank of Pakistan on Friday issued a commemorative coin of Rs75 to celebrate the country's recent victory in Marka-e-Haq , the military operation against India that has bolstered national unity and...

Pakistan tops global equity rankings in US dollar returns
Fri, 15 Aug 2025 14:19:00 +05:00

Brokers are busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, November 27, 2024. — PPIBloomberg ranks Pakistan best performer in two-year gains.Pakistan outperforms India, China in regional market standings.Moody’s upgrade, reforms bolster Pakistan’s...

PSX ends flat as profit-taking erases early gains
Fri, 15 Aug 2025 12:03:00 +05:00

Broker is busy in trading at Pakistan Stock Exchange in Karachi on Wednesday, January 1, 2025. — PPI

The Pakistan Stock Exchange closed flat on Friday as profit-taking wiped out earlier gains.

PSX’s benchmark KSE-100 Index closed at 146,491.63 points after losing 37.67...

Over Rs11 drop likely in diesel rate from August 16
Thu, 14 Aug 2025 15:27:00 +05:00

Representational image shows a person using a fuel nozzle to fuel up a car at a petrol station in Vienna, Austria March 18, 2022. — ReutersPetrol may rise by Rs1.32 per litre.Kerosene expected to go down by Rs6.25 per litre.WTI crude hits $62.7 per barrel, two-month low.

Bitcoin hits record high above $124,000
Thu, 14 Aug 2025 14:25:00 +05:00

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. — ReutersBitcoin rise driven by favourable US legislation, US equities.Crypto currency's value boosted by recent regulatory changes.Large holders also a...

Moody's improves Pakistan's credit rating on better financial position
Wed, 13 Aug 2025 15:44:00 +05:00

Signage is seen outside the Moody's Corporation headquarters in Manhattan, New York, US, November 12, 2021. — ReutersUpgrade follows similar moves by S&P and Fitch.Foreign reserves expected to continue gradual improvement.Political uncertainty remains despite fiscal position gains.

Passenger car sales surge 22% YoY in July, slump 60% MoM
Wed, 13 Aug 2025 13:08:00 +05:00

A representational image showing cars parked at a dealership. — Reuters/FilePAMA members sell 7,135 cars in July.Car sales surge on lower interest rates.Two/three-wheeler sales jump 44% YoY.

KARACHI: Passenger car sales by Pakistan...

FinMin Aurangzeb hints at further policy rate cut amid lower inflation
Wed, 13 Aug 2025 12:48:00 +05:00

Finance Minister Muhammad Aurangzeb addressing an event in Islamabad, August 13, 2025. — Screengrab via Geo NewsElectricity tariffs reduced; further energy cost relief expected.Privatisation drive and right-sizing of 45 ministries underway.Panda Bonds planned by year-end says FinMin...

Sindh govt to provide cheap electricity via independent Sepra authority: minister
Wed, 13 Aug 2025 12:02:00 +05:00

A technician works on porcelain insulators on power transmission tower in Karachi. — Reuters/FileSindh Electric Power Regulatory Authority's formation approved.Will generate and distribute power via STDC: Nasir Hussain Shah.Minister says electricity rates will be independent from...

PSX closes marginally up on institutional buying, reforms
Tue, 12 Aug 2025 13:04:00 +05:00

Stockbroker monitors share prices during a trading session at the Pakistan Stock Exchange in Karachi, January 21, 2025. — INP

KSE-100 Index closes at 147,005.32 points, up 75.48 points, or 0.05%.Index hits intraday high of 147,976.98 points, gaining 1,047.14 points, or...

US and China extend tariff truce by 90 days
Tue, 12 Aug 2025 02:22:38 +05:00

US President Donald Trump meets with China's President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. — ReutersTrump announces suspending higher tariffs on China till Nov 10. Hours later, China pauses tariffs on...

Air India to suspend Delhi-Washington services from September
Mon, 11 Aug 2025 18:50:00 +05:00

An Air India Airbus A350 aeroplane is displayed at Wings India 2024 aviation at Begumpet airport, Hyderabad, India, January 18, 2024. — ReutersAirspace closure costs airline $600 million over 12 months.$400 million retrofit programme underway to upgrade fleet.Airline faces latest...

Petroleum product prices likely to further drop from August 16
Mon, 11 Aug 2025 18:06:00 +05:00

A worker holds a nozzle to pump petrol into a vehicle at a fuel station. — ReutersUS crude drops by $5.71.Brent crude falls $5.72.Rates to be changed on Aug 15.

ISLAMABAD: In a sigh of relief for the inflation-hit masses, petroleum product prices in Pakistan are expected to...

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Last modified: 04-03-2021

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