KARACHI: Pakistan recorded another strong performance in workers’ remittances as overseas Pakistanis sent $4.25 billion to the country during the month of May, providing further support to foreign exchange reserves and the national economy. The figures were shared by Khurram Shehzad, Adviser to the Prime Minister on Finance, who highlighted the continued growth in remittance…

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LAHORE: Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman has demanded the immediate abolition of the petroleum levy, substantial tax relief for salaried individuals and the empowerment of local governments, warning that the JI will launch a nationwide protest movement if the government presents an anti-people budget. Addressing a press conference at Mansoora on Saturday, Mr Rehman…

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Pakistan’s latest petroleum pricing structure has once again drawn public attention, as official documents reveal that a significant portion of the petrol price is made up of government levies and distribution margins rather than the actual refinery cost. Despite a recent reduction in fuel prices, consumers continue to face a heavy financial burden due to…

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Islamabad: Flour prices have increased further across Pakistan, adding to the financial burden on households already coping with inflation and rising living costs. According to the latest data released by the Pakistan Bureau of Statistics (PBS), the price of a 20-kilogram flour bag has climbed in several cities, with Karachi recording the highest prices in…

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Karachi: The State Bank of Pakistan (SBP) has announced the successful outcome of its “Go Cashless” campaign during Eid-ul-Adha, revealing a significant increase in digital financial activity across livestock markets and related commercial transactions nationwide. According to the central bank, digital transactions worth approximately Rs34 billion were carried out during the campaign, reflecting growing public…

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Global crude oil prices have increased again following reported missile exchanges between the United States and Iran, according to media reports. In the international market, Brent crude is trading at around $98 per barrel, while WTI crude stands at $95 per barrel. Meanwhile, mixed trends were observed in Asian and European markets. Pakistan Stock Exchange’s…

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Karachi: In a positive development for Pakistan’s energy sector, the Oil and Gas Development Company Limited (OGDCL) has announced the discovery of a new oil and gas reserve in Sanghar district of Sindh, a finding that could contribute to strengthening domestic energy production and reducing dependence on imported fuels. The discovery is being viewed as…

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Islamabad: The International Monetary Fund (IMF) has reportedly proposed that Pakistan increase the standard General Sales Tax (GST) rate from 18 percent to 19 percent in the federal budget for fiscal year 2026-27, a move that could lead to higher prices for a wide range of goods, including solar panels and electric vehicles. According to…

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KARACHI: The Pakistan Stock Exchange (PSX) recorded a strong bullish trend during the trading week, with the benchmark 100-index gaining more than 6,000 points, driven largely by investor optimism over a possible US–Iran agreement. According to weekly market data, the benchmark index rose by 6,118 points to close at 173,962 points, reflecting improved investor sentiment…

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Islamabad: Pakistan has recorded a significant increase in mobile phone imports during the current fiscal year, with total imports exceeding Rs455 billion in the first ten months, according to official documents. The latest figures show that the country imported mobile phones worth more than Rs455.73 billion from July 2025 to April 2026, reflecting a sharp…

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