FBR tax collection increases 30pc in April 2025

It has crossed the entire annual target of Rs9,300 billion set for the previous year

US Senate rejects bill to rein in Trump tariffs as economy contracts

The measure sought to terminate the emergency that Trump declared as basis for 10% global tariffs

Eurozone economy grows more than expected despite US tariff turmoil

The EU's data agency said the 20-country single currency area recorded growth of 0.4% over Jan-March

Gold retreats as trade tensions ease; US payrolls data on tap

Spot gold fell 1.4% to $3,240.66 an ounce

Dollar takes a breather; yen slips after BOJ

The yen ticked about 0.2% lower to 143.29 per dollar

Oil prices take breather after prospect of increased supply triggered selloff

Brent crude futures gained 7 cents, or 0.1%, at $61.13 a barrel

US economy shrinks in first quarter as tariffs unleash flood of imports

Imports jumped at a 41.3% rate, the largest rise since the third quarter of 2020

Dubai govt briefed on Pakistan's economy vision

Ahsan Iqbal meets Abdullah Muhammad Al Basti

SBP to announce monetary policy on May 5

The Monetary Policy Committee (MPC) of SBP will meet on Monday

Govt slashes petrol price by Rs2 per litre

Price of petrol, HSD slashed by Rs2

China's export orders dip in April as Trump's tariffs begin to bite

China’s export orders dip in April as Trump’s tariffs begin to bite

Kenya inflation rate rises to 4.1pc in April

On a monthly basis, inflation was at 0.3% in April

Ogra slashes LPG prices by Rs3.20 per kg

Similarly, the commercial cylinder price has decreased by Rs145, bringing down to Rs11,276

Trump's tariffs loom over the economy as shipments from China fall

Trump’s tariffs loom over the economy as shipments from China fall

Digitization key to global market access: Dar

Mentions Digital Nation Pakistan Act as a key step for promoting digitalization

Pre-budget seminar: Aurangzeb stresses on structural reforms in taxation system

He said that the government has been trying to minimize human involvement in tax collection system

PSX suffers massive decline as geopolitical tensions persist

Benchmark KSE-100 Index dropped by more than 4,000 points at one point on Wednesday

Trump eases auto tariffs burden as Lutnick touts first foreign trade deal

The developments helped eased some investor worries about the erratic trade policies of Trump

China's factory activity falls sharply as Trump tariffs bite

China's official purchasing managers' index (PMI) fell to 49.0 in April versus 50.5 in March

Shares wobble as tariffs fuel global growth concerns

US Treasury yields also languished near multi-week lows

Oil prices fall as trade war concerns dampen demand outlook

Brent crude futures fell by 17 cents, or 0.26%, to $64.08 per barrel

Dollar steady but vulnerable as tariff worries take hold

Sterling last fetched $1.3403, on course for 3.8% rise in April

FBR imposes new system to collect sales tax from cement sector

The minimum retail price for the cement sector will be implemented from May 1, 2025

$6.4bn Reko Diq mining pact expected next month

The financial structure includes contributions from federal and Balochistan governments

CM Maryam opens Rs40bn ration card project for labourers

She said the programme fulfills promise to offer structured assistance to working class

Pakistan eyes major boost in date palm exports with UAE's assistance

Both countries sign MoU for Pakistan International Date Palm Festival 2025

Lutnick says Trump's autos tariff relief aimed at reshoring production to US

Lutnick says Trump's autos tariff relief aimed at reshoring production to US

SBP announces public holiday on May 1

May 1 is observed as a public holiday across the country.

PSX recovers after battering amid air of uncertainty

The benchmark KSE-100 index dipped to 112,935 during early hours of Tuesday's trading

IMF board meets on May 9 to review Pakistan's loan programmes

In March, Pakistan and the IMF concluded the first biannual review of programmes on a positive note

Oil falls as economic jitters dampen demand outlook

Brent crude futures fell by 25 cents, or 0.4%, to $65.61 per barrel

Dollar limps along on US-China trade war

The Australian dollar eased 0.02% to $0.6431

Stocks drift amid US-China standoff

China has moved to make some exemptions but has held off on stimulus

Pakistan makes historic camel milk powder export to China

First-ever export of camel milk powder opens new avenues for Pakistan’s dairy sector

Macroeconomic conditions have improved in H1FY25: SBP

the current account balance turned into a surplus

FBR officials directed to bring transparency, increase revenue

A special meeting was held at the Regional Tax Office Peshawar

IBM to invest 150 billion-dollar in US over next five years to aid quantum push

IBM to invest 150 billion-dollar in US over next five years to aid quantum push

Trump tariffs risk US electronics shortages

Trump tariffs risk US electronics shortages

Brazil to offer tax breaks to lure data center investments

Brazil to offer tax breaks to lure data center investments

Gold prices decrease by Rs1,600 per tola

The rates of per tola and ten gram silver remained constant at Rs3,497 and Rs2,998 respectively.

At event with Donald Trump Jr in Bulgaria, crypto firm Nexo announces US return

At event with Donald Trump Jr in Bulgaria, crypto firm Nexo announces US return

Volatility rules PSX amid uncertain situation in country

The benchmark KSE-100 index closed after losing 1,400 points

Oil edges up despite murky economic outlook, potential OPEC plus supply hike

Brent crude futures and U.S. West Texas Intermediate crude nudged higher for a third session

Dollar sellers pause with eye on US jobs

At 143.57 yen and $1.1360 per euro the greenback has, for now, found a footing

Asia shares edge up; dollar at mercy of US trade whims

EUROSTOXX 50 futures added 0.3%, while FTSE futures and DAX futures both rose 0.2%

Aurangzeb highlights economic turnaround at Harvard University conference

'...we have stabilized the fundamentals, restored confidence, and reignited growth'

India to suffer $1.14bn losses after trade halt with Pakistan: PBF

According to PBF, India exported about $500 million worth of goods to Pakistan

World Liberty Financial delegation meets PM, other leaders

Pakistan’s proactive approach demonstrates its commitment

Conflicting US-China talks statements add to global trade confusion

Trump told TIME magazine that talks were taking place and that the Chinese president had called him

Over 200 Indian flights hit as airspace closure enters fourth day

They are expected to raise fares to mitigate financial losses

Pakistan's IT exports expected to reach $4bn in FY25

Islamabad aims to raise IT exports to $10 billion by 2029

FinMin hopes Pakistan would launch Panda bond before year-end

Says country requests extra 10bn yuan on China swap line

Serbia's NIS oil firm gets new sanctions waiver from US

Serbia's NIS oil firm gets new sanctions waiver from US

ECB consensus builds for June rate cut but no appetite for big move, sources say

ECB consensus builds for June rate cut but no appetite for big move, sources say

Agreement signed between Pakistan Crypto Council, World Liberty Financial

Pakistan Crypto Council officially established in Pakistan: Atta Tarar

Countrywide strike observed on JI's call to express solidarity with Palestinians

Major business hubs and markets remained closed across the country

FinMin stresses trade, FDI in meetings with global financial czars

The minister made it clear that the govt intends to return to international capital markets

Aurangzeb for swift action on climate resilience; advocates economic diversification

He highlighted climate change as an existential threat to Pakistan

US and EU not close to deal on tariffs - Dombrovskis

The US imposed 25% tariffs on EU cars, steel and aluminium in March

Wall Street ends with weekly gains as trade negotiations, earnings in focus

The small cap Russell 2000 (.RUT) enjoyed its largest weekly percentage gain since November

World Bank chief economist sounds alarm on emerging market debt issues, urges liberalization

The IMF has slashed its economic forecasts for the US, China and most countries

UK's Deliveroo gets 3.6 billion-dollar buyout proposal from DoorDash

UK's Deliveroo gets 3.6 billion-dollar buyout proposal from DoorDash

Wall Street ticks lower in premarket, but still poised for a winning week

Wall Street ticks lower in premarket, but still poised for a winning week

PSX regains ground after govt's fitting response to India's sabre-rattling

With an increase of over 800 points, the benchmark KSE-100 Index reached 115,844 points

Trump refutes China's claim of no trade talks

"They had a meeting this morning," Trump told reporters, declining to say to whom he was referring

Finance minister showcases Pakistan's economic reforms, secures global support

The minister also interacted with members of the Pakistan Bank-Fund Staff Association

Oil prices set for weekly loss on potential for more global supply

Brent crude futures gained 5 cents to $66.60 a barrel

Stocks eye weekly rise on Trump's tariff backdown

US tech giant and Google parent Alphabet (GOOGL.O) also beat profit expectations

Govt seeks fresh bids for PIA sell-off by June 3

The privatisation board finalised its recommendations

Sindh CM, Islamic Development Bank discuss housing, women empowerment projects

The IsDB is financing $200 million for the reconstruction of houses

Refineries ordered to increase fuel output amid regional tensions

Govt mobilises oil supply chain following false flag operation in Held Kashmir

Ministers discuss agriculture development in Balochistan

Minister Zehri briefed federal minister on potential, challenges of agricultural sector

South Africa abandons planned VAT hike after pushback

VAT will be maintained at 15%, the finance ministry said

Nissan sees record loss of up to 5.26 billion-dollar as restructuring bites

Nissan sees record loss of up to 5.26 billion-dollar as restructuring bites

Etihad Town launches in Sialkot: The trustworthy real estate brand that continues to set industry benchmarks

Etihad Town has now introduced its newest project — Etihad Town Sialkot

PSX bleeds, loses 2,200 points amid simmering dispute with India

KSE-100 lost 2,500 points during early hours of trading and slightly recovered on Thursday

Bessent says IMF and World Bank need reform and there's an 'opportunity for a big deal' with China

He said the institutions “serve critical roles in the international system

Musk damaged Tesla's brand in just a few months. Fixing it will likely take longer

In competition with rivals in the U.S., Tesla currently has one clear advantage

Aurangzeb discusses AIIB's financing, future development projects

The meeting was held on the sidelines of the IMF-World Bank Spring Meetings in Washington

Gold rebounds on dip buying despite US-China trade deal hopes

Spot gold rose 1.5% to $3,335.39 an ounce

IMF expects BOJ to delay further rate hikes due to tariff uncertainty

The IMF still expects inflation will converge to the BOJ's 2% target

Oil steadies after 2pc drop on potential OPEC plus output increase

Brent crude futures rose 6 cents, or 0.09%, to $66.18 a barrel

Dollar rebound loses steam with trade in focus

The dollar has recovered from a three-and-a-half-year low of $1.1572 per euro

FinMin meets Chinese, Saudi counterparts in Washington

Aurangzeb briefs them on economic situation of Pakistan

Highway blockades in Sindh severely disrupt exports, says SM Tanveer

Pakistan's exports have declined by 12% in the last quarter

Gold prices drop by Rs11,700 to Rs352,000 per tola

The prices of 10 grams of 24 karat also decreased by Rs10,031

Markets bounce after Trump says he won't try to fire Fed Chair Powell

Markets bounce after Trump says he won’t try to fire Fed Chair Powell

China says US should stop threats, coercion if it wants an agreement on tariffs

Guo accused the US of continuing to exert "extreme pressure" even as it tried to reach an agreement

Decline in KSE-100 index after days of bullish trend

KSE-100 index closed at 117,226 after losing 1,204 points

Trump hints at 'substantially' cutting tariffs on China if deal struck

"I have no intention of firing him. I would like to see him be a little more active," Trump said

China's President Xi says tariffs and trade wars hurt world economic order

Xi made the comments during a meeting with Azerbaijan President Ilham Aliyev in Beijing

FinMin Aurangzeb thanks World Bank for approving Country Partenership Framework

Both sides agreed on enhancing private sector investment to create more employment opportunities

In Dubai's Gold Souk, bullion's record run brings little joy for jewellers

As bullion prices hit record high, buyers look to diamonds and lighter gold jewellery, instead

Dollar surges then steadies as Trump backs down on Fed attacks

The dollar rose more than 1% against the yen to 143.21 in early trading

IMF slashes global outlook as White House says trade talks pick up pace

The talks blitz is occurring amid the spring meetings of IMF and the World Bank

Oil rises 1pc on Iran sanctions, drop in US crude stocks

Brent crude futures rose 61 cents, or 0.9%, to $68.05 a barrel

Stocks rebound in Asia as Trump steps back

Trump reiterated he wanted to do a deal with China

Musk says he'll spend less time in Washington and more time running Tesla after its profit plunges

Auto analyst Sam Abuelsamid at Telemetry Insight said he doubts Musk’s predictions

World Bank team reviews progress of National Health Support Programme

The meeting concludes with a mutual agreement between the WB team and NHSP leadership

India's HCLTech misses Q4 revenue estimates, sees 2-5pc growth in FY26

India's HCLTech misses Q4 revenue estimates, sees 2-5pc growth in FY26

Thoma Bravo in advanced talks to buy Boeing's Jeppesen unit, source says

Thoma Bravo in advanced talks to buy Boeing's Jeppesen unit, source says

Pakistan aims to deepen trade ties with US: Finance Minister

Says we are eager to buy more cotton and soybeans from the US

US markets etch out small gains early after a Monday rout

US markets etch out small gains early after a Monday rout

Gold prices hike by Rs5,900, hit all-time high of Rs363,700 per tola

The per tola and 10 gram silver rates remained stagnant at Rs3,441 and Rs2,950.

Commerce Minister, Kyrgyz Ambassador discusses ways to boost bilateral trade connectivity

Both sides reaffirmed their commitment to enhancing collaboration across various sectors

European shares fall as Trump's anti-Powell tirade adds to uncertainty

The pan-European STOXX 600 index was down 0.7% as of 0709 GMT

PSX scales above 119k amid rosy economic outlook

Benchmark KSE-100 Index surpassed 119,000 mark

Pakistan assures IMF of maintaining reform momentum

Aurangzeb meets IMF Managing Director Kristalina Georgieva in Washington

Oil prices climb on short-covering, but tariff concerns linger

Brent crude futures rose 51 cents, or 0.8%, to $66.77 a barrel

Dollar wallows near three-year low as Trump's attacks on Fed chief unnerve traders

Sterling was stable at $1.3376 after surging as high as $1.3421

US finalises tariffs on Southeast Asian solar imports

Critics of the effort said tariffs would harm US solar producers

Asia fights drag from Wall St as US assets buckle

The selling did abate somewhat in Asia, allowing S&P 500 futures to bounce 0.4pc

Halal meat exports to Malaysia expected to reach $200m: minister

Rana Tanveer stresses boosting halal meat exports

Pakistan's salt exports to China surge by 40pc in four months

The sharp increase highlights the growing trade cooperation between two countries

FinMin seeks investments in Washington meetings

Aurangzeb briefed them on Pakistan’s macroeconomic outlook

Netflix gains as rosy forecast calms investor nerves amid tariff fears

Netflix gains as rosy forecast calms investor nerves amid tariff fears

Thai exports posting higher growth in March, commerce minister says

Thailand's March export data is due to be released on April 24

Thai-Chinese company denies flouting safety measures in probe of skyscraper collapse following quake

Thai-Chinese company denies flouting safety measures in probe of skyscraper collapse following quake

Gold prices hit historic high in Pakistan amid global surge

The global gold rate increased by $69 per ounce, reaching a record 3,395

PM lauds 9.3% textiles exports surge in nine months

“The textile sector’s exports have reached a record high of $13.613bn, which is highly encouraging"

Trump tariffs stunt US toy imports as sellers play for time

The $40bn toy industry, which heavily relies on production in China, is hard hit, companies said

Bullish trend continues in PSX amid economic recovery

Benchmark KSE-100 surpasses 118,000 mark

US beef off the menu as the trade war hits Beijing's American-style restaurants

US beef is one of thousands of casualties in trade war between the world's largest trading partners

Gold soars to record high on trade war concerns

U.S. gold futures firmed 2% to $3,396.10

Dollar tumbles as Fed independence under threat from Trump

The dollar hit a 10-year trough of 0.80695 against the Swiss franc

Oil falls as concerns about demand amid US tariff upheaval return

Brent crude futures slipped $1.10, or 1.6%, to $66.86 a barrel

Stocks slide as Trump's Fed attacks jangle nerves

S&P 500 futures fell 0.64% and Nasdaq futures eased 0.53%

China warns countries against striking trade deals with US at its expense

China is determined and capable of safeguarding its own rights and interests, the ministry said

Pakistan food exports rise to $5.75bn in nine months

Exports have risen for 20 consecutive months despite unprecedented food inflation

Growers reject Rs15bn relief package as insufficient

Farmers Alliance warns to boycott wheat cultivation next year

Minister for boosting trade volume with African countries

Ch Shafay says foreign investors given special incentives in Punjab’s Special Economic Zones

Boeing jet returns to US from China, a victim of Trump's tariff war

landed back at the US production hub on Sunday, a victim of the tit-for-tat bilateral tariffs

China's US envoy urges end to trade war, but warns Beijing ready to fight

Xie said at a public event in Washington that tariffs would devastate the global economy

Pakistan plans new maritime trade corridors to tap East African market: minister

The initiative aims to establish direct sea links with EAC member states

China shipbuilders rip Trump's 'short-sighted' US port fees

China shipbuilders rip Trump's 'short-sighted' US port fees

India's HDFC Bank sees loan-to-deposit ratio at 85-90pc by FY27

India's HDFC Bank sees loan-to-deposit ratio at 85-90pc by FY27

Taiwan short-selling curbs extended again amid tariff uncertainty

Taiwan short-selling curbs extended again amid tariff uncertainty

PM Shehbaz invites investors from 60 countries to invest in mines and minerals sector

Shehbaz Sharif also pointed out that inflation fell from 38pc to single digit

Finance czar Aurangzeb off to US for IMF, World Bank meetings

He will also hold meetings with his counterparts from China, UK and Turkiye

Shein, Temu to get pricier as Trump cracks down on cheap imports

Shein, Temu to get pricier as Trump cracks down on cheap imports

Fed proposes averaging large bank stress test results to reduce volatility

Fed proposes averaging large bank stress test results to reduce volatility

Russian rouble strengthens past 81 vs US dollar, up 40pc since start of 2025

Russian rouble strengthens past 81 vs US dollar, up 40pc since start of 2025

Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Asian markets are mostly higher as Wall Street is stuck in trade war doldrums

Japan cautions about uncertainty from Trump trade policies

Japan cautions about uncertainty from Trump trade policies

Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump

Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump

Increase in revenue only way to get rid of foreign loan: PM Shehbaz

PM reviews FBR's performance monitoring system

Another day of gleeful trade at PSX amid economic turnaround

The KSE-100 index gained 500 points and reached 117,479 during early hours of trading

What Pakistan Really Needs in a Car

New Suzuki Alto enters like a soft-spoken answer to a question the industry forgot to ask

Tax-to-GDP target fixed at 11.2% for FY25-26

The target for the upcoming fiscal year would be set by estimating the size of the GDP

Current Account records 1.86b dollars surplus in nine months of FY25: SBP

The balance on Trade in goods during March 2025 was recorded as $2.181 billion

Apple's China smartphone shipments slide 9pc in first quarter

It was Apple's seventh straight quarter of decline

Japan does not manipulate FX to weaken the yen, finmin says

Kato is scheduled to visit Washington next week to attend the G20 summit

Wall Street choppy as Eli Lilly jumps, UnitedHealth plummets

The S&P 500 pared gains in the session's final minutes

Trump signals tit-for-tat China tariffs may be near end

US president said China had been in touch since the imposition of tariffs

World economy likely to avoid recession despite tariffs: IMF chief

Georgieva called on all countries "to put their own houses in order".

US unveils new port fees for Chinese-linked ships

The United States unveiled new port fees on Chinese built and operated ships Thursday.

Govt to digitise national economy, says PM Shehbaz

The decision to this effect was taken at a high-level review meeting held in Islamabad

Japan finance minister 'deeply concerned' over Trump tariff impact

Kato also voiced concern over recent volatile market moves triggered by Trump's tariff announcements

Trump, Italian Prime Minister Meloni to address US-Europe tariff tensions

The two leaders are expected to hold talks and have lunch during Meloni's day visit to Washington

China, US at impasse over who should start trade talks

Trump administration has been ramping up pressure on China by raising import tariffs

MoUs signed: Dar invites Hungarian investors to Pakistan

The MoUs were signed by Foreign Minister Ishaq Dar and his Hungarian counterpart Péter Szijjártó

Bullish trend continues in PSX amid economic gains

The KSE-100 index rose to 117,013 points during early hours of trading

World Bank sees 'gaping holes' in Pakistan's tax system

Terms dependence on remittances beneficial only in short-term.

Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts

Brent crude futures rose 34 cents, or 0.5%, to $66.19 a barrel

Dollar slides towards Easter weekend

The euro and yen are not far behind with gains of around 5pc on the dollar

Tariff-wounded stocks find no balm with Powell remarks

The central bank would wait for more data on the economy's direction before changing interest rates

Rightsizing drive to save Rs31b in next fiscal year: Cabinet secretary

Most of the cuts hit Grade-1 position, with 7,305 posts slashed

Kenya secures $600 million in short-term financing for roads

The East African nation has been struggling to fund development projects

Crypto firm DWF Labs buys 25 million-dollar of Trump's World Liberty Financial tokens

Crypto firm DWF Labs buys 25 million-dollar of Trump's World Liberty Financial tokens

China appoints a new trade negotiator during tariff fight with the US

China appoints a new trade negotiator during tariff fight with the US

Kuwait extends oil credit facility to Pakistan for two years

Both sides agree to strengthen bilateral cooperation in the energy sector

Global chip stocks slide as Nvidia warns of big hit from US export curbs

Global chip stocks slide as Nvidia warns of big hit from US export curbs

Gold hits record high at Rs348,000 per tola in Pakistan

The prices of 10 grams of 24 karat also increased by Rs7,373 to Rs298,353

Trump orders tariff probe on all US critical mineral imports

The review will assess US vulnerabilities for processing of all critical minerals – cobalt, nickle

PSX witnesses bearish trend, loses 755 points

A total of 481,813,460 shares were traded during the day

Budget 2025-26: Will low-income segment breathe easy amid tax relief proposals?

Govt is working on proposals and relief will be possible only after IMF proposal

Electricity prices slashed by Rs21.98 per unit for EV charging stations

The new base tariff has been fixed at Rs23.57/unit

Govt increases petroleum levy instead of offering relief

Had the levy not been increased, petrol could have been cheaper by Rs8 per litre

Oil subdued as markets assess effects of trade war

Brent crude futures rose 5 cents, or 0.1%, to $64.72 per barrel

Dollar sellers take a breather; sterling stands tall

The yen was steady at 142.85 per dollar

Shares fall in Asia as Nvidia curbs fan worries, gold hits record

S&P 500 futures fell 0.8% while Nasdaq futures slumped 1.4%

Pakistan's credit rating upgrade reflects confidence in economic reforms: FinMin

“Our journey towards growth and stability will not be halted,” he asserts

Bolsonaro says he is focused on recovery after surgery, contacting only family

Bolsonaro says he is focused on recovery after surgery, contacting only family

Raw materials to keep British Steel plant operating reach the UK

Raw materials to keep British Steel plant operating reach the UK

CM Maryam discusses investment avenues in meeting with US delegation

Both sides deliberated on the matter of mutual interests

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

Fitch upgrades Pakistan's rating to 'B-' from 'CCC+'

The upgrade also reflects confidence that the country would implement structural reforms

Tariff relief, economic gains boost PSX trading

KSE-100 index immediately gained 700 points and surpassed 117,000 mark

Chinese official says US tariff aims to 'take away Hong Kong's life'

"Pressure, threats and blackmail are not the right way to deal with China," Xia said in a speech

Tech, auto shares gain as Trump floats more tariff exemptions amid confusion

Trump's aggressive tariffs sparked a selloff in US assets

Oil prices rise on potential US tariff exemptions on cars, pick-up in China crude imports

Brent crude futures gained 27 cents, or 0.42%, to $65.15 per barrel

Asia shares rise, bonds hold steady on some tariff reprieve

Nasdaq futures and S&P 500 futures were each down close to 0.2pc