US approves $1 billion arms sale to UAE
The United States has approved a proposed arms sale worth $1 billion to the United Arab Emirates, saying the deal…
Finance
Pakistan’s Property Market Could Be Worth Rs7 Trillion a Year, with Much of Its Value Still Unaccounted for
Pakistan’s property market could be worth around Rs7.1 trillion annually, equivalent to nearly 6.7 percent of the country’s GDP, but…
Equities extend losses amid low trading volume
Pakistan’s benchmark stock index extended its losses on Friday, closing at 168,155 points, down 0.29 per cent, as investors remained…
Foreign Exchange Reserves Increase to $26.8 Billion
Pakistan’s total liquid foreign exchange reserves rose to $26.8 billion during the week, supported by a $39 million increase in…
PSX Drops 1,332 Points as Selling Pressure Weighs on Market
The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index lost 1,332.47 points, or 0.78%, on Thursday to close at 168,636.85, as…
Anthropic’s $518bn AI Expansion Relies on Binding Deals
Artificial intelligence company Anthropic has disclosed that roughly 80 per cent of its planned $518 billion infrastructure commitments are either…
FBR Uncovers Rs9.41bn in Suspected Wealth Fraud
The Federal Board of Revenue (FBR) has detected suspected wealth declaration fraud involving around Rs9.41 billion, with authorities registering a…
ADB Backs Pakistan’s ML-1 Railway Modernisation Project
The Asian Development Bank (ADB) is set to conduct a fact-finding mission in January 2027 to review the proposed modernisation…
Stocks Edge Higher on Selective Buying Activity
Pakistan’s benchmark stock index closed higher on Wednesday, supported by buying in selected blue-chip stocks, although profit-taking and geopolitical uncertainty…
FBR Surpasses Quarterly Revenue Target on Strong Sales Tax Collection
The Federal Board of Revenue (FBR) exceeded its quarterly tax collection target, with stronger-than-anticipated sales tax receipts providing the main…