Financial

The government seems willing to fast-track the adoption of crypto currencies for banks, foreign exchange comp­anies and gold trading, sources told Dawn after a high-level meeting on Tuesday. A day earlier, representatives from the State Bank of Pakistan, finance min­istry, commercial banks and exchange companies met with senior security officials to discuss...

The Pakistan Stock Exchange (PSX) experienced a volatile session on Tuesday, as early bullish momentum gave way to heavy selling pressure, pulling key indices deep into negative territory by the close. The benchmark KSE-100 Index closed at 137,964.82 points on Tuesday, marking a sharp decline of 1,415.24 points, or 1.02...

The Pakistan Business Forum (PBF) has urged Prime Minister Shehbaz Sharif to address the artificial control over currency exchange rate, asserting that the current dollar value is being kept deliberately high. Economic indicators suggest that fair value of the dollar should be around Rs260, it said. In a statement, PBF Chief...

The government has estimated annual cost savings of around Rs250.54 billion ($895 million) through the modernisation of Companies Act and regulatory reforms. Of the total, savings of around Rs176.96 billion ($632.2 million) will come from modernising the law and Rs73.58 billion ($262.8 million) from regulatory changes. Sources said that it...

In a move to modernize Pakistan’s capital markets, the Securities and Exchange Commission of Pakistan (SECP) has announced that the Pakistan Stock Exchange (PSX) will adopt a T+1 (trade-plus-one) settlement cycle starting February 9, 2026. The announcement was made by SECP Chairman Akif Saeed at a high-level event in Karachi...

The Ministry of Finance (MoF) on Monday projected that inflation for July would remain in the range of 3.5–4.5 per cent, though it warned that recent heavy rains could disrupt agricultural output and supply chains. In its Monthly Economic Update and Outlook, the MoF said inflation had declined sharply in recent mon­ths,...

Banks and exchange companies are facing mounting pressure to lower the dollar rate below prevailing market levels, according to sources in the financial sector. An important meeting in Islamabad on Monday, involving senior officials from the State Bank of Pakistan (SBP), the Ministry of Finance, and bankers, discussed measures to...

Pakistan Stock Exchange saw modest upward momentum on Monday, fueled by investor interest in cement and technology stocks ahead of the monetary policy announcement and key corporate earnings. The benchmark KSE-100 Index gained 172.77 points, or 0.12 percent, to close at 139,380.06 points as compared to the previous closing of...

The Federal Board of Revenue (FBR) has extended the date of submission of Sales Tax and Federal Excise Return for the tax period of June, 2025 up to August 4, 2025. This is subject to the condition that due sales tax liability has been deposited within due date. In this...

Engro Fertilizers and Bank Alfalah Partner to Launch PKR 250 million Financing for Farmers across Pakistan Engro Fertilizers, a major fertilizer company in Pakistan, and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will...