Karachi, June 4, 2025 – The Pakistan Stock Exchange (PSX) witnessed another strong session on Wednesday, as the benchmark KSE-100 Index continued its upward trajectory and closed at a new all-time high of 121,799 points.
(more…)Blog
-
SBP releases foreign currency rates for June 4, 2025
On June 4, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
(more…) -
Businessmen slam proposal to impose CVT on movable assets
Karachi, June 4, 2025 – The business community across Pakistan has issued a strong and united condemnation of the government’s reported plan to impose Capital Value Tax (CVT) on a broad range of movable assets in the upcoming Federal Budget 2025-26.
(more…) -
Supernet wins major cybersecurity contracts in telecom sector
Karachi, June 4, 2025 – Supernet Limited, a leading technology-driven enterprise in Pakistan, announced on Wednesday that its subsidiary has secured significant multi-year, multi-million dollar contracts for the delivery of advanced cybersecurity solutions.
(more…) -
KCCI urges reduction in gas prices to safeguard industrial sector
Karachi, June 4, 2025 – The Karachi Chamber of Commerce and Industry (KCCI) has urged the government to immediately reconsider and reduce gas prices in order to safeguard the country’s struggling industrial sector and support sustainable economic growth.
(more…) -
Shipping Operations at Port Qasim on June 4, 2025
Karachi, June 4, 2025 – The Port Qasim Authority (PQA) has released its daily report on shipping operations for Wednesday, June 4, 2025, providing essential updates for shipping agents, logistics companies, importers, and exporters.
(more…) -
PMD warns of damages from thunderstorm across Pakistan
Karachi, June 4, 2025 – The Pakistan Meteorological Department (PMD) has issued a weather advisory warning of potential damages resulting from thunderstorm and hailstorm activity expected in several regions of the country over the next 24 hours.
(more…) -
Thousands jobless as Utility Stores restructuring accelerates rapidly
ISLAMABAD: The government has closed down 1,925 loss-making Utility Stores across Pakistan, resulting in the termination of 4,060 employees. This move is part of a major restructuring plan for the Utility Stores Corporation (USC) aimed at cutting costs and preparing the organization for privatization.
(more…) -
APTMA demands immediate removal of yarn, fabric from EFS
KARACHI – The All Pakistan Textile Mills Association (APTMA) has strongly urged the federal government to immediately remove yarn and fabric from the Export Facilitation Scheme (EFS), warning that their continued inclusion is severely damaging Pakistan’s domestic textile industry and distorting market competition.
(more…) -
Government may withdraw further sales tax in budget 2025-26
ISLAMABAD – In a major policy shift, the federal government is expected to withdraw the further sales tax in the upcoming Budget 2025–26 as part of its broader strategy to encourage documentation across the entire supply chain. This move aims to bring more businesses, particularly dealers, wholesalers, and retailers, into the formal tax net.
(more…)