Karachi, June 3, 2025 — The Pakistan Stock Exchange (PSX) soared to an all-time high on Tuesday, closing at 120,451 points as investor confidence surged ahead of the federal budget 2025-26, scheduled for June 10.
(more…)Author: Shahnawaz Akhter
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Pakistan’s oil sales jump 10% in May 2025 on economic recovery
Karachi, June 3, 2025 — Pakistan’s oil sales experienced a significant boost in May 2025, surging by 10% year-on-year (YoY), according to the latest data released on Tuesday. This upswing reflects a positive shift in fuel consumption, driven by improved economic activity, lower fuel prices, and seasonal factors.
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Major overhaul of CGT on securities expected in Budget 2025-26
Karachi, June 3, 2025 — A significant overhaul in the structure of Capital Gains Tax (CGT) on the disposal of securities is likely to be announced in the upcoming budget for the fiscal year 2025–26, according to sources close to the Federal Board of Revenue (FBR).
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PSX announces four-day closure for Eid-ul-Adha holidays
Karachi – June 3, 2025: The Pakistan Stock Exchange (PSX) has officially announced a four-day closure in observance of the upcoming Eid-ul-Adha holidays.
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JI demands K-Electric license revoked amid power chaos
Karachi, June 2, 2025 – A storm is brewing in Karachi as Jamaat-e-Islami (JI) takes to the streets, launching a fiery movement against K-Electric and demanding nothing less than the immediate cancellation of its license.
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K-Electric under fire as ministry files explosive review petition
Islamabad, June 2, 2025 – The Power Ministry has dropped a bombshell on K-Electric (KE), fiercely challenging the electricity tariff awarded to the utility giant and declaring it unjustified, unfair, and unacceptable.
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Pakistan’s headline inflation surges to 3.5% in May 2025
Islamabad, June 2, 2025 – Headline inflation in Pakistan witnessed a notable rise in May 2025, reaching 3.5% year-on-year (YoY) as reported by the Pakistan Bureau of Statistics (PBS) on Monday.
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PSX sheds 813 points amid heightened FY26 Budget uncertainty
Karachi, June 2, 2025 – The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as mounting concerns over the upcoming fiscal year 2025–26 budget rattled investor sentiment.
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FY26 Budget Bombshell: Pakistan plans CVT on movable assets
Islamabad, June 2, 2025 – The government of Pakistan is likely to reintroduce Capital Value Tax (CVT) on movable assets in the upcoming federal budget for fiscal year 2025-26. Highly placed sources revealed on Monday that the proposed tax will specifically target the country’s wealthiest individuals, aiming to tap into movable assets such as cash, gold, savings, and investments.
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Faceless Customs: A nightmare for corrupt elements
The launch of Faceless Customs Assessment (FCA) is nothing short of a revolution—one that’s shaking the foundations of the deeply entrenched system of corruption and malpractice in Pakistan’s import-export sector.
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