Stocks in Pakistan, India poised for relief rally after ceasefire By: Agencies on May 12, 2025Stocks in India and Pakistan are set for a relief rally following a surprise ceasefire agreement between the two nuclear-armed neighbors on Saturday, as investor focus shifts back to improving economic outlooks, according to a Bloomberg report. Foreign investors, who had been on a 16-day buying streak in Indian shares until the clashes flared up […]
IMF sets stringent fiscal path for next FY By: Agencies on May 12, 2025The International Monetary Fund has set a more stringent fiscal path for Pakistan by setting the primary budget surplus target for the next fiscal year at 1.6% of the size of the economy which, this time, is projected to be achieved by largely containing expenditures. Compared to this fiscal year’s 1% of the GDP primary […]
US-China talks resume as Trump hails ‘total reset’ in trade relations By: Agencies on May 12, 2025Talks between top US and Chinese officials resumed for a second day on Sunday, after US President Donald Trump voiced optimism over the negotiations aimed at de-escalating trade tensions sparked by his aggressive tariff rollout. In a Truth Social post following the first day of talks in Geneva on Saturday, Trump praised the “very good” […]
Traders warns new tax ordinance could stifle investment growth By: Agencies on May 12, 2025The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has raised significant concerns about the recently implemented Tax Laws (Amendment) Ordinance 2025. FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar observed that the ordinance could severely harm the country’s investment climate, which is already under pressure due to various economic […]
Work begins on power supply project for Gwadar Port By: Agencies on May 12, 2025Work began to provide a 20 MW power supply to Gwadar Port and Gwadar Free Zone South at an estimated cost of Rs 727.738 million under the Public Sector Development Program (PSDP), Gwadar Pro reported on Sunday. The Quetta Electric Supply Company (QUESCO) has transported necessary infrastructure, including power cables and poles, to the site. […]
Govt considers withholding tax removal on raw materials By: Agencies on May 12, 2025The federal government is likely to announce substantial tax improvements in the upcoming Budget 2025, which includes the withholding tax removal on raw materials to help the industrial and construction sectors. Prime Minister Shehbaz Sharif has directed officials to have recommendations from the industry personnel to base relief measures on. According to the sources, withholding […]
Aramco posts over 97 billion riyals profit in first quarter of 2025 on May 11, 2025RIYADH – Saudi oil giant Aramco reported a net profit of 97.54 billion Saudi Riyals in the first quarter of 2025, according to data released by the company on Sunday. The company’s Q1 2025 profit shows a 4.6% decrease compared to the same period last year. However, it marks a 16% increase when compared to […]
Oil prices rise as US-China trade talks spark optimism on May 11, 2025NEW YORK – Oil prices posted solid weekly gains, rising nearly 2% on Friday, as investor confidence grew over potential progress in US-China trade negotiations and a recent deal with the United Kingdom. Brent crude settled at $63.91 per barrel after climbing $1.07, while US West Texas Intermediate (WTI) gained $1.11 to finish at $61.02. […]
Egypt’s inflation rises to 13.9% in april amid fuel price hike on May 11, 2025CAIRO – Egypt’s annual urban consumer price inflation climbed to 13.9% in April, up slightly from 13.6% in March, in line with market expectations, according to the national statistics agency CAPMAS. The slight rise in inflation was mainly driven by an increase in official fuel prices, analysts noted. Month-on-month, prices rose by 1.5%, though food […]
Gold prices remain unchanged at Rs.350,900 per tola By: 900 per tola on May 11, 2025The price of 24 karat per tola gold remained unchanged at Rs.350,900 on Saturday, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat and 10 grams of 22 Karat gold also witnessed no change and were traded at Rs 300,840 and Rs.275,780, respectively. Per tola and ten gram […]