Over 20 Players Named in Initial Line-Up Pakistan has unveiled its initial squad of over 20 players for the highly anticipated ICC Champions Trophy 2025. The preliminary list, submitted to the International Cricket Council (ICC) two days ago, includes several notable names and emerging talents. One of the most exciting inclusions is opener Saim Ayub, a promising player who could …
Read More »Roshan Digital Account Achieves $9.34 Billion Inflows
Strengthening Economic Ties with Overseas Pakistanis The Roshan Digital Account (RDA) continues to be a game-changer for Pakistan’s economy, attracting $9.34 billion in total inflows by December 2024. Launched in September 2020, the initiative has provided non-resident Pakistanis (NRPs) with a seamless platform to invest and contribute to their homeland’s financial system. Out of the total inflows, 63.3% ($5.91 billion) …
Read More »Pakistan and Bangladesh Forge New Trade Ties After 12 Years
Strengthening Bilateral Relations Through Trade A Pakistani trade delegation, led by Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), visited Bangladesh after a 12-year gap. The historic visit aimed to strengthen bilateral economic ties and encourage mutual investments between the two nations. High-Level Meetings to Boost Cooperation During the visit, the delegation held …
Read More »KSE-100 Starts the Week with a 1.13% Decline Amid Mixed Sector Performance
KSE-100 Index Update: January 6, 2025 The Pakistan Stock Exchange (PSX) began the new trading week on a negative note, with the KSE-100 Index falling 1.13% DoD. Market Performance: 27 shares advanced, while 70 shares declined. Top contributors to index gains included: HMB PA: +3.02% AICL PA: +10.0% MCB PA: +0.96% Major drags on the index: OGDC PA: -3.84% …
Read More »Inflation Eases to 80-Month Low at 4.1% in December 2024
CPI Hits Record Low in December 2024 Pakistan’s Consumer Price Index (CPI) dropped to an 80-month low of 4.1% YoY in December 2024, the lowest since April 2018 (3.96%). This marks a sharp decline from 29.7% in December 2023 and 4.9% in November 2024, signaling a major easing of inflationary pressures. For the first half of FY25, average inflation …
Read More »Banking Sector Gains Clarity Amid New Tax Ordinance
Confidence and Clarity for Banks Amid Tax Policy Changes Pakistan’s federal cabinet has introduced significant revisions to the banking sector’s tax structure through a newly approved ordinance. The changes include: Elimination of the ADR-related tax (10–16%) on income from government securities. Increase in the corporate tax rate for banks from 39% to 44% for the tax year ending December 31, …
Read More »Pakistani Rupee Marginally Declines Against US Dollar
Pakistani Rupee Registers Marginal Decline Against US Dollar The Pakistani rupee decline by 0.04% against the US dollar on Wednesday in the inter-bank market. The currency closed at 277.96, a decline of Re0.12 compared to the previous day’s rate of 277.84, as reported by the State Bank of Pakistan (SBP). In the open market, the rupee showed mixed trends, losing …
Read More »Pakistan and IMF Prepare for Resilience and Sustainability Facility (RSF)
Introduction Pakistan and the International Monetary Fund (IMF) are making strides in preparatory work for the Resilience and Sustainability Facility (RSF). The RSF aims to address critical economic challenges while fostering long-term sustainability and resilience. This collaborative effort reflects Pakistan’s ongoing commitment to economic reforms and its relationship with the IMF. What Is the Resilience and Sustainability Facility (RSF)? Overview …
Read More »Gold Prices in Pakistan Soar by Rs. 2,200 Per Tola Amid Global Surge
Gold Prices Surge Locally and Globally Gold prices in pakistan have witnessed a significant rise both internationally and within Pakistan, continuing an upward trajectory that has captivated market attention. On Saturday, the international bullion market reported an increase of $22 per ounce, pushing gold to a new high of $2,715 per ounce. Local Markets Feel the Impact The global surge …
Read More »KSE-100 Index Hits Historic High of 99,091 Points
PSX Bull Run: KSE-100 Index Reaches Unprecedented High The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday, with the KSE-100 index surging by 1,762.80 points (1.81%), reaching a record-breaking intra-day high of 99,091.19 points. This impressive performance extended the bullish momentum seen in recent sessions, showcasing growing investor confidence. Key Drivers Behind the Surge The record-breaking rally was …
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