An audit report has revealed that Pakistan International Airlines (PIA) caused a financial loss of Rs 9.43 billion by distributing free and heavily discounted tickets between 2011 and 2016. According to the findings, more than 258,000 tickets were issued free of charge, while another 116,000 were sold at a discount of up to 95 percent….
The Federal Board of Revenue (FBR) has reminded taxpayers that September 30 is the final date for filing income tax returns, urging individuals and businesses to make timely submissions. Officials said accurate declarations are essential to avoid penalties and ensure compliance. To support filers, the FBR has introduced a simplified tax return form aimed at…
The Pakistan Stock Exchange (PSX) began the week on a bullish note, with the benchmark KSE-100 Index advancing more than 500 points in early trade on Monday. By 10:25am, the index was recorded at 158,570.89, reflecting an increase of 533.52 points or 0.34%. Strong buying was seen across key sectors including automobiles, cement, banks, oil…
The Pakistani rupee continued to maintain its momentum against the US dollar with marginal appreciation in the inter-bank market on Monday. Pakistani rupee against dollar trading closed at 281.45. It registered a gain of Rs0.01 against the US dollar. This has been a continuous gain for the 32nd sessions against the greenback. Since the morning,…
Per tola gold prices in Pakistan on Saturday gained and jumped up by Rs 1700 to Rs 390,300 in the local market in line with fluctuation in the global market. The gold prices had seen a decline of Rs 1100 per tola on Friday, reaching Rs 387,500. According to the rates shared by the All-Pakistan…
MUGHAL announced its 4QFY25 result today, where the company recorded consolidated profit of Rs440mn (EPS of Rs1.31), down by 28% YoY, while up 94% QoQ. The result came higher than expected due to higher-than-expected gross margins. The company recorded gross margins of 9.75% in 4QFY25 compared to 6.48% in 3QFY25 and 9.21% in 4QFY24. Gross…
Amid mounting fiscal challenges, Pakistan has abandoned plans for a mini-budget, choosing instead to strengthen enforcement of existing tax laws while seeking IMF relief. Officials said the strategy aims to protect citizens from additional financial burdens after devastating floods. The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial emphasized there will be no mini-budget…
The Pakistan Stock Exchange (PSX) entered Friday on a positive note, building on its recent gains as global markets benefitted from widespread monetary easing. By 9:35am, the benchmark KSE-100 Index had gained 434.22 points, or 0.27%, to trade at 158,387.68 points. Buying appetite was visible in banking, energy, and refinery stocks, where heavyweights including OGDC,…
Jaffer Brothers (Pvt.) Limited (JBL), in collaboration with Sindh Engro Coal Mining Company (SECMC) and Komatsu Limited, celebrated a major milestone with the delivery and deployment of more than 100 Komatsu machines at the Thar Coalfield Block II project. The achievement marks a new benchmark in Pakistan’s mining sector, highlighting the scale of operations and…
The Pakistani rupee remained largely stable against the US dollar on September 18, 2025, as market players observed marginal fluctuations in buying and selling activity. In the open market, the dollar was traded at Rs282.90 for buying and Rs283.70 for selling, reflecting limited volatility in daily exchange movement. Meanwhile, in the interbank market, the dollar…