The government has rolled out incentives under the Pakistan Accelerated Vehicle Electrification scheme, offering citizens easy access to electric scooters through subsidised and interest-free instalment plans. Three popular Yadea models, including M3H, T5L, and VELAX, are now part of the scheme, each supported by a direct government subsidy of Rs50,000. Buyers can spread payments over…
Pakistan entered the second round of economic review talks with the International Monetary Fund, presenting data on tax collection, fiscal performance, and widening revenue shortfalls. The IMF voiced concerns over missed revenue goals after the Federal Board of Revenue disclosed Rs11.74 trillion collection against an ambitious annual target of Rs12.97 trillion. Officials attributed the shortfall…
Fauji Cement Company Limited (FCCL) has reported a 5.7% year-on-year growth in cement sales during FY25. It outlines expansion in exports, energy efficiency, and dividend payouts at its corporate briefing held on September 25, 2025. Fauji Cement Company Limited (FCCL) conducted its FY25 corporate briefing session, where management discussed financial performance and future outlook. In…
The Pakistan Stock Exchange recorded a historic milestone on Friday, with the KSE-100 Index crossing 160,000 points during early trade amid strong buying activity. At 10:15am, the benchmark index climbed to 161,188.80 points, reflecting a robust increase of 1,908.71 points or 1.2 percent in morning trade. Investors showed across-the-board confidence in major sectors, including cement,…
The Federal Board of Revenue has revised its IRIS tax return form only days before the September 30 filing deadline, sparking concern among taxpayers. The revised form now requires disclosure of the market value of assets, with authorities stating this step is intended to create reliable data for better policy decisions. Several taxpayers expressed worry,…
Topline has revised our earnings estimates for Habib Bank Limited (HBL) upward by 24% and 19% for 2025 and 2026 to Rs46.2/sh and Rs46.3/sh, respectively. This came following the incorporation of results and key takeaways from recent discussions with bank management. HBL’s result came above industry expectations, primarily due to higher-than-expected Net Interest Income (NII)…
The Pakistan Stock Exchange (PSX) continued its positive momentum on Thursday morning, with the KSE-100 Index rising over 500 points in early trading. At 10:05am, the benchmark index recorded 158,758.04 points, reflecting an increase of 521.37 points or 0.33 percent during the session’s initial hours. Strong buying interest emerged in cement, commercial banks, oil marketing…
The government has cleared Rs 3.5 billion in subsidies for Raast Merchants in a bid to bring 2 million merchants under the QR code system under its cashless economy drive. At present, there are 3.2 million merchants across the country. Prime Minister Shahbaz Sharif has targeted 2 million merchants to bring them under the QR…
The Islamic Ideology Council (IIC) has declared the withholding tax on bank withdrawals un-Islamic, describing it as an undue financial burden on citizens. Chairman Allama Dr. Raghib Naeemi stated that such taxes are contrary to Shariah and urged the government to reconsider their imposition immediately for the welfare of the people. The council also opposed…
Pakistan has launched ‘Mera Ghar Mera Ashiana’ on Wednesday to provide affordable housing to the masses. Under this scheme, the low-income people will be provided with subsidized loans, risk-sharing support, and long-term financing options. The State Bank of Pakistan (SBP) announced the scheme on Wednesday, emphasizing that it is designed for citizens holding valid CNICs…