The federal government cleared a Rs4.3 trillion national development programme for FY26-27, with provinces funding three-fourths. Planning Minister Ahsan Iqbal noted Rs87 billion allocated for coalition government costs.
Pakistan Stock Exchange's KSE-100 index fell 3,362 points on Monday amid rising inflation, US-Iran tensions, and IMF fiscal concerns, closing at 170,600.
Global bond markets experienced extreme volatility in May due to the Iran war, with yields hitting multi-decade highs before retreating on peace hopes and weak economic data.
The Pakistan Stock Exchange rallied sharply, gaining over 2,500 points as optimism over US-Iran peace talks boosted investor sentiment, leading to a broad-based buying spree.
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The IMF Executive Board has commended Pakistan's economic performance, highlighting strong reforms and improved fiscal stability.
Tulsi Gabbard resigns as US Director of National Intelligence, citing her husband's rare bone cancer. Trump appoints acting director.
Gold prices edged higher on Friday but are set for a weekly loss as expectations of a US interest rate hike next month dampened demand for the non-yielding metal.
Punjab CM Maryam Nawaz and Azerbaijan's Economy Minister Mikayil Jabbarov agreed to establish a joint working group to enhance cooperation in trade, investment, agriculture, tourism, and infrastructure.
Oil prices dropped 6% amid growing expectations of a revived Iran nuclear deal, which could boost global oil supply and ease market tensions.
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The Pakistan Stock Exchange (PSX) witnessed a bullish trend as the KSE-100 index gained 1,091 points, driven by strong investor confidence and positive economic indicators.
Kevin Warsh confirmed as Fed chair by Senate 54-45. His power is constrained by FOMC voting structure, with only one vote out of 12. Consensus-building is key.
Pakistan's finance minister hopes the successful launch of its first Panda bond will lead to more sovereign issuances in China's debt market, diversifying funding sources.
Iraq exported only 10 million barrels of oil through the Strait of Hormuz in April, down from 93 million monthly before the Iran war, due to tanker insurance issues and regional conflict.
The federal government has initiated consultations with provinces to amend the NFC Award formula, aiming for a more equitable resource distribution.
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A freight train derailed in Pakistan due to brake failure, causing significant damage to the railway track. No casualties reported. Investigation underway.
IMF executive board approves $1.2 billion loan tranche for Pakistan, including $1 billion under EFF and $200 million under RSF, boosting reserves to $17 billion.
US stock markets surged to all-time highs on Tuesday, driven by tech gains and optimism over economic recovery. The S&P 500 and Nasdaq both set new records.
The Pakistan Stock Exchange saw a sharp decline on Friday, with the KSE-100 Index losing 1,778 points to close at 171,115 amid cautious investor sentiment and regional market pressure.
The KSE 100-index rose 1,189 points to close at 172,894, with 290 companies advancing. Market cap hit Rs19.046 trillion.
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Major financial institutions have signed an agreement to create a Capital Market Development Fund aimed at boosting Pakistan's capital markets and investor confidence.
The State Bank of Pakistan's policy rate increase targets supply-side inflation from energy shocks, risking recession and welfare losses without addressing root causes.
A CNSA court sentenced two drug convicts to 9 years imprisonment and fined them Rs. 100,000 each for narcotics possession under the CNSA Act.
GCC states, including Kuwait, are intensifying efforts to boost economic integration and trade cooperation, with GDP reaching $2.4 trillion in 2025.
FIA Director emphasized the importance of awareness and prevention of white-collar crimes during a session, urging public vigilance and cooperation with authorities.
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The Pakistan Stock Exchange (PSX) witnessed a sharp decline, losing 1,085 points due to economic uncertainty and investor concerns.
Pakistan launches a new transit trade framework through Gwadar Port, aiming to boost regional connectivity and economic activity under CPEC.
Saudi Arabia's Tadawul All Share Index rose 0.11% to 11,121.56, with trading turnover of SR3.59 billion. Rabigh Refining led gainers, while BAAN Holding declined.
The IMF Executive Board will meet in coming weeks to consider a $1.2 billion loan disbursement for Pakistan, an official confirmed, as the country awaits approval for its EFF and RSF programs.
A survey shows 53% of respondents expect Pakistan to hike interest rates due to Iran war-driven oil price surge, with most anticipating a 50-100 bps increase.
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Pakistan and IMF agree to close 70 government bank accounts and transfer Rs300 billion to the treasury, aiming to consolidate public funds and reduce debt costs.
