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Articles for tag: admits, companies, country, Energy, Expensive, FinMin, high, leaving, Taxes

January 15, 2026

News Desk

FinMin admits that some companies are leaving the country because of high taxes and expensive energy

Finance Minister Muhammad Aurangzeb addresses the Pakistan Policy Dialogue in Islamabad on January 14, 2026. — Screengrab via Geo News 20 new foreign investors entered Pakistan market: FinMin. He says investors include Google, Aramco, Wafi Energy, Turkish Petroleum. It adds up to nearly Rs 1 trillion wasted annually due to inefficiencies in state-owned enterprises. Finance Minister Muhammad Aurangzeb admitted on Wednesday that some companies are leaving the country because of high taxes and expensive energy, stressing that the government is fully aware of the challenges facing the economy. However, the finance minister said there are 20 new foreign investors including

January 7, 2026

News Desk

Institutional support pushes PSX to new all-time high

KSE-100 rises to 186,518 as banking, oil and gas and power stocks attract buying KARACHI: The Pakistan Stock Exchange (PSX) maintained its upward trajectory on Wednesday, with the benchmark KSE-100 closing at a fresh record, supported by continued buying by local institutional investors. The market opened weakly, with the index falling sharply in early trade to an intraday low of 184,896.71. However, sentiment improved as buying interest returned, leading to a broad rally during the late morning and afternoon. The KSE-100 hit an intraday high of 187,015.12 points before settling at 186,518.72 points, up 1,456.61 points or 0.79% from the

January 5, 2026

News Desk

Pakistan’s stock market hits record high as KSE-100 jumps to 182,408

Market sentiment was boosted by new purchases and rising hopes of a rate cut in the upcoming announcement On a monthly basis, the KSE-100 rallied 6.62%, extending its daily gains to a strong 29.09%, while its year-to-date performance stands at 18.30%. PHOTO: FILE The Pakistan Stock Exchange (PSX) was a strong performer today as the benchmark index soared to a new all-time high to close at a record high of 182,408 points, holding steady above the 182,000 mark. Investor confidence remained strong throughout the session, resolutely maintaining the upward momentum. During the day, the index touched an intraday high of

December 31, 2025

News Desk

PSX climbs to all-time high in penultimate 2025 session

A stockbroker is busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Tuesday, July 1, 2025. — PPI The KSE-100 adds 576 to settle at 174,472. Market capitalization rises to 19.69 trillion. Analysts attribute the rally to reforms, macroeconomic stability. The Pakistan Stock Exchange (PSX) extended its positive rally on Tuesday, hitting another record high as investor sentiment strengthened. The KSE-100 index gained 576.45 points, or 0.33%, to settle at 174,472.80, from the previous close of 173,896.34. The benchmark remained positive throughout the day, touching an intraday high of 174,805 points, reflecting sustained upward momentum. The ready market

December 30, 2025

News Desk

PSX soars to new record high as KSE-100 hits new all-time high

The benchmark KSE-100 closes at 174,472.80, led by gains in energy, banking and power stocks The Pakistan Stock Exchange (PSX) shows record rally as it looks set for a strong 2026, backed by improving sentiment and sustained liquidity, as it continued its record momentum on Tuesday. The market started the session on a strong footing, quickly scaling an intraday high of 174,805.16 in early trading. However, profit-taking then triggered a mid-morning correction, sending the index down to an intraday low of 174,121.42. Sentiment then stabilized, with the market moving in a narrow range and making a gradual recovery in the

December 26, 2025

News Desk

The PSX hits a new all-time high after rising more than 1,500 points

A stockbroker is busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Thursday, October 17, 2024. — PPI ENGROH, PPL, SYS, NBP and MLCF together added 774 units. The benchmark PSX KSE-100 is up 0.92%. Daily turnover stood at 797 million shares with a traded value of Rs 38 billion. The Pakistan Stock Exchange (PSX) climbed to a new all-time high on Friday as the KSE-100 index rose more than 1,500 points, extending gains for the week amid strong investor sentiment. The index closed at 172,400.73 points after gaining 1,570.51 points, or 0.92%, from its previous close of

December 22, 2025

News Desk

Gold hits record high on Fed rate cut bets. silver scales fresh top

Gold bracelets are displayed inside a gold shop in Chinatown, Bangkok, Thailand, October 9, 2025. — Reuters Gold hit an all-time high of $4,391.92. Silver hits a record high of $69.23/oz. Platinum hits 17-year high. Gold prices surged to a record high on Monday, responding to rising expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time high. Spot gold was up 1.2 percent at $4,391.92 an ounce, while silver was up 2.7 percent by 03:44 GMT to hit an all-time high of $69.23. Gold has gained 67% so

December 22, 2025

News Desk

Dhaka rejects New Delhi’s comments on protest outside Bangladesh High Commission

Police personnel hold a roadblock against protesters in New Delhi. — Reuters ‘Akhand Hindu Rashtra Sena’ is holding protests outside HC Babgladesh. Miscreants were allowed to conduct activities outside the HC perimeter. Dhaka FO terms protest “unwarranted” and “very sad”. Amid public uproar over the killing of prominent Bangladeshi student Sharif Osman Hadi, Dhaka rejected India’s stance on the protest outside the Bangladesh High Commission in New Delhi. Calling the incident “unwarranted” and “very unfortunate”, Bangladesh’s foreign ministry said the incident could not be termed as “misleading propaganda” – as claimed by India’s Ministry of External Affairs (MEA). “The miscreants

December 22, 2025

News Desk

ACC under Mohsin Naqvi approves start of high performance cricket centres

ACC President Mohsin Naqvi at a special ACC meeting at its headquarters in Dubai, UAE. — X/@TheRealPCBMedia DUBAI: Asian cricket’s governing body has approved plans to set up state-of-the-art high-performance centers across the region, aimed at boosting player development in countries that lack modern training facilities, officials said on Tuesday. The decision was taken at a special meeting of the Asian Cricket Council (ACC) held at its headquarters in Dubai and chaired by ACC president Mohsin Naqvi. The centers will be developed in phases and priority will be given to Asian member states that do not currently have access to

December 17, 2025

News Desk

PSX surges to new all-time high after 876-point rally

A stockbroker is busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Tuesday, July 1, 2025. — PPI The analyst attributes the growth to the improved macroeconomic front. Total trading volume reached 904 million shares at the close. Total market turnover stood at Rs 47 billion during the session. The Pakistan Stock Exchange (PSX) closed at a new all-time high on Monday as bulls pushed the bourse to over 170,500. The KSE-100 ended the session on a high note, closing at 170,741 points, a gain of 876 points. The benchmark remained positive during the day, hitting an intraday

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