KARACHI: The Pakistani rupee posted a slight gain against the US dollar in the interbank market on Thursday, appreciating by 0.03%. The local currency closed at 283.86, up by Re0.09 from Wednesday’s closing rate of 283.95. Globally, the US dollar showed signs of weakness following a trade agreement between the
KARACHI: The Pakistan Stock Exchange (PSX) continued its record-setting streak on Thursday, driven by the government’s recent economic measures, including cuts in National Savings Scheme rates, lower industrial electricity tariffs, and accelerated discussions on the privatization of state-owned enterprises. The benchmark KSE-100 Index climbed 342 points, or 0.26%, to close
KARACHI: In a significant economic development, the State Bank of Pakistan’s (SBP) foreign exchange reserves surged by $5 billion, reaching $14.51 billion at the close of fiscal year 2024-25 (FY25), surpassing the IMF’s target of $13.9 billion. Economists attributed this achievement to the coordinated efforts of the SBP and the
ISLAMABAD: The federal government is preparing to withdraw several incentives previously offered to overseas Pakistanis for sending remittances through official channels, according to sources cited by Business Recorder. During a briefing to the Economic Coordination Committee (ECC) on June 27, 2025, the Finance Division highlighted that five remittance incentive initiatives
