Pakistan and Saudi Arabia Discuss Fighter Jet Deal to Convert $2 Billion Loan
Pakistan and Saudi Arabia are holding discussions to convert nearly $2 billion in Saudi loans into a defence deal involving JF-17 Thunder fighter jets. If finalized, the move would mark an important step in strengthening military and strategic cooperation between the two countries. According to sources familiar with the matter, the talks are linked to […]
Record Trading Value Signals Renewed Investor Confidence in Pakistan’s Stock Market
Pakistan’s stock market witnessed a historic surge in activity as daily trading value reached around Rs85 billion in the ready market, the highest level seen in nearly 20 years. The sharp rise in turnover reflects growing investor confidence and strong participation across the market. According to market observers, the increase in trading volumes has been […]
FBR Defends Retrospective Tax Powers as Super Tax Case Heard by Constitutional Court
FBR has told the Federal Constitutional Court (FCC) that Parliament has full authority to impose taxes with retrospective effect. During the hearing, FBR’s counsel argued that a tax law, once validly enacted, can apply to past transactions unless the Constitution clearly restricts such power. Appearing for the tax authority, Asma Hamid said taxation is a […]
Pak-Qatar General Takaful Set to Make PSX History with Upcoming IPO
Pakistan’s capital market is set to welcome a new Shariah-compliant entrant as the Securities and Exchange Commission of Pakistan (SECP) has cleared the Initial Public Offering of Pak-Qatar General Takaful Limited (PQGTL). The approval allows the company to move ahead with the public offering of 30 million ordinary shares. Following the IPO, these shares will […]
Pakistan’s Services Exports Jump Nearly 17% in FY26, Led by IT and Telecom Growth
Pakistan’s exports of services recorded strong growth during the first five months of fiscal year 2025–26, rising by 16.77 percent to $3.833 billion between July and November, according to official data. The increase was mainly driven by higher earnings from information technology and telecom-related services. Data from the Pakistan Bureau of Statistics show that services […]
UBL Becomes Pakistan’s Largest Listed Company as Market Value Tops Rs. 1.28 Trillion
United Bank Limited (UBL) has become Pakistan’s largest listed company after its market capitalisation reached Rs. 1.28 trillion, or around $4.6 billion. This milestone allowed UBL to overtake Oil & Gas Development Company (OGDC), whose market value stood at Rs. 1.26 trillion, or about $4.53 billion. The strong performance was driven by a sharp rise […]
Punjab Sugar Season 2025–26 Starts Strong with Higher Output and Better Payments
Punjab’s sugar crushing season for 2025–26 has started on a positive note, showing strong production, improved recovery, and better payment flow to farmers. In the first 45 days of the season, 41 sugar mills across the province produced around 1.36 million tons of sugar after crushing 15.06 million tons of sugarcane. The recovery rate improved […]
Fauji Foundation Contributes Over PKR 1.6 Trillion in Taxes, Boosts Welfare Nationwide
Fauji Foundation has paid more than PKR 1.6 trillion in taxes over the past seven years, including PKR 325.7 billion in FY2024–25, highlighting its significant contribution to Pakistan’s economy. The foundation, known for its focus on social welfare, dedicates over 70% of its income to supporting retired soldiers, martyrs, and widows. Its initiatives ensure that […]