Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a
Inflation falls to 34-month low at 9.6pc in August: PBS
Pakistan’s consumer price index (CPI) in August rose 9.6 per cent year-on-year (YoY), marking a 34 month-low, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The CPI measures household
Finance: The state of foreign investment
Net foreign investment inflows into Pakistan totalled $305 million in July 2024, the first month of FY25, from just $105.5m in July 2023. Terrific. But, can the country attract this
Finance minister unveils new incentives for foreign investors amid push for external financing
Finance Minister Muhammad Aurangzeb announced new policy measures on Thursday aimed at enhancing Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan. The finance minister chaired a review
Pakistan awards $2 billion KKH contract to China
ISLAMABAD: Pakistan on Thursday relaxed bidding rules to directly award a $2 billion contract to China for the construction of a strategically important road and also approved Rs78 billion in
The spiralling impact of electricity price hikes
The recent surge in electricity prices in Pakistan has ignited a complex chain reaction, threatening to destabilise the nation’s economic and social fabric. The ramifications of these tariff increases extend far beyond
Credit rating upgrade
THE decision by Moody’s to upgrade Pakistan’s long-term sovereign credit rating from Caa3 to Caa2 could not have come at a better time. The agency has also revised its outlook for the
Shares at PSX rally more than 400 points in intraday trade
Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The KSE-100 benchmark index
Fear of debt restructuring needs to be overcome, says ex-SBP chief
Murtaza Syed, a former acting governor of the State Bank of Pakistan (SBP), has said that “increasing fiscal space by restructuring” debt was crucial to rescue countries from disorderly defaults.
Budget FY25 Calculator : Find out how much tax you will pay on your salary
The budget for fiscal year 2024-25 that was presented by Finance Minister Muhammad Aurangzeb on Wednesday had a fresh take on income tax slabs. Check our calculator to see how