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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
KARACHI: In a major boost to the country’s foreign exchange inflows, exchange companies have welcomed their inclusion in the Pakistan Remittance Initiative’s (PRI) TT Charges Reimbursement Scheme, terming it a game-changer move that could potentially double home remittances from $4 billion to $8 billion during the current fiscal year. Chairman
