Karachi, April 1, 2026 – The Pakistani rupee recorded a modest gain of 3 paisa against the US dollar on Wednesday, supported by positive market sentiment following the approval of a Staff-Level Agreement with the International Monetary Fund (IMF). The development has paved the way for Pakistan to potentially access $1.21 billion in external funding.
(more…)Author: Faisal Shahnawaz
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OGDCL begins major oil and gas production at Spinwarm-1 in Waziristan
Karachi, April 1, 2026 – Oil and Gas Development Company Limited (OGDCL) has announced the commencement of oil and gas production from the Spinwarm-1 discovery in Waziristan, marking a significant development in Pakistan’s energy sector.
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KSE-100 Index Hits Upper Lock After 7,500-Point Surge
Karachi, April 1, 2026 – The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) witnessed a sharp rally on Wednesday, triggering an upper circuit breaker after gaining nearly 7,500 points in intraday trading.
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PSX records worst March as KSE-100 falls 11.5%
Karachi, April 1, 2026 – The Pakistan Stock Exchange (PSX) witnessed a sharp downturn in March 2026, with the benchmark KSE-100 Index posting its worst monthly performance in years. The index plunged by 19,319 points on a month-on-month basis, translating into a negative return of 11.5%—the steepest decline since March 2020 in percentage terms.
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FIFA stands firm as Iran World Cup matches stay unchanged
Gianni Infantino has dismissed all safety concerns and rejected calls to relocate Iran’s World Cup matches, confirming that the team will compete as originally scheduled despite ongoing geopolitical tensions.
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FBR unveils new policy for disposal of tampered vehicles
Islamabad, March 31, 2026 – The Federal Board of Revenue (FBR) has introduced a comprehensive procedure for the use and disposal of confiscated vehicles with tampered chassis numbers through Customs General Order (CGO) No. 04 of 2026. The new policy, effective from April 1, 2026, aims to ensure transparency, uniformity, and accountability in handling such vehicles across Pakistan.
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Inverex to Launch Upgraded Inverex Xio with New Look in Pakistan
Inverex is preparing to introduce an upgraded version of its compact electric car, the Inverex Xio, and the latest teaser suggests a bold new black-themed design.
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BYD Pakistan Promises Fastest Delivery for Atto 3 EV on Full Payment
Electric vehicle interest in Pakistan continues to grow, and BYD Pakistan has added fresh momentum by announcing an accelerated delivery timeline for its popular Atto 3 electric SUV.
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KIBOR Rates Skyrocket in March 2026 – Loans Get Costlier
Karachi, March 31, 2026 – The Karachi Interbank Offered Rates (KIBOR) recorded a significant upward trend during March 2026, reflecting tightening liquidity conditions and increasing pressure on borrowers across Pakistan’s financial sector.
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KSE-100 Index surges 1,900 points as PSX rebounds
Karachi, March 31, 2026 – The benchmark KSE-100 Index witnessed a strong recovery on Tuesday as the Pakistan Stock Exchange (PSX) rebounded sharply, gaining 1,900.34 points amid renewed investor confidence and improved market sentiment.
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