News Archive - Page 162

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PSX Rebounds as KSE-100 Climbs Over 1% in Early Trade

PSX Rebounds as KSE-100 Climbs Over 1% in Early Trade

Pakistan’s stock market bounced back in early trading as the KSE-100 recovered more than 1 per cent, helped by renewed buying in key sectors, calmer regional sentiment and confirmation of a fresh $1 billion Saudi inflow. The rebound came a day after a steep selloff and underscored how closely local equities are tracking geopolitics and Pakistan’s external financing outlook.

Business
Saudi Arabia Transfers Second $1bn Deposit to Pakistan

Saudi Arabia Transfers Second $1bn Deposit to Pakistan

Pakistan has received a second $1 billion Saudi deposit, with the State Bank saying the transfer forms part of a newly agreed $3 billion support package. The inflow offers timely relief as the country manages reserve pressure, large repayments and a broader effort to keep its external financing position stable.

Business
Pakistan Budget 2026: Govt Weighs Salaried Class Tax Relief

Pakistan Budget 2026: Govt Weighs Salaried Class Tax Relief

The government says proposals to provide relief to Pakistan’s salaried class will be considered during budget preparations, alongside plans to widen the tax base by targeting undertaxed sectors. The discussion, held with overseas investors, places tax fairness, business competitiveness and household pressure at the centre of the federal budget debate.

Business
Pakistan Opens China-Iran Trade Routes to Reach Central Asia

Pakistan Opens China-Iran Trade Routes to Reach Central Asia

Pakistan has started activating alternative trade corridors to Central Asia through China and Iran, reducing reliance on Afghanistan because of security, closure and cost concerns. The move is tied to a broader infrastructure and geo-economic strategy aimed at making Pakistan a more dependable regional transit hub.

Business
Islamabad Tightens Security Ahead of New Iran-US Talks

Islamabad Tightens Security Ahead of New Iran-US Talks

Pakistan has intensified diplomatic and security preparations in Islamabad as Interior Minister Mohsin Naqvi met the US and Iranian ambassadors ahead of a possible new round of Iran-US talks. The development highlights Islamabad’s effort to keep negotiations alive as regional tensions and the future of a fragile ceasefire remain uncertain.

Politics
Pakistan warns oil spike from Mideast conflict could hit economy

Pakistan warns oil spike from Mideast conflict could hit economy

Planning Minister Ahsan Iqbal has warned that rising oil prices linked to the Middle East conflict could hurt Pakistan’s economy by increasing import costs and pressuring the external sector. The government says growth and remittance figures show stabilisation, but the renewed energy shock risk could test that recovery.

Business
PCB Bans Dasun Shanaka From Next PSL After IPL-Linked Exit

PCB Bans Dasun Shanaka From Next PSL After IPL-Linked Exit

The PCB has banned Sri Lanka’s Dasun Shanaka from the next PSL after ruling that his withdrawal from the 2026 season breached league contracts. The move reinforces Pakistan’s tougher stance on overseas players leaving the PSL amid scheduling clashes and IPL-linked opportunities.

Sports
Pakistan Expands Eurobond Sale to $750m on Strong Global Demand

Pakistan Expands Eurobond Sale to $750m on Strong Global Demand

Pakistan increased its latest Eurobond sale to $750 million after drawing stronger-than-expected demand from international investors. The upsizing is being treated as an important sign of renewed market confidence as Islamabad tries to rebuild durable access to global financing after a four-year gap.

Business
Loralai Police Foil Major Terror Plot, Recover TNT and IEDs

Loralai Police Foil Major Terror Plot, Recover TNT and IEDs

Police in Loralai say they foiled a major terror plan by recovering TNT, IEDs, detonators and ammunition during an intelligence-based raid in the Podi Tak mountain area. The seizure has renewed attention on Balochistan’s security challenges and the importance of preventive counterterror operations in Pakistan.

General
Khuzdar Ambush Kills Lady Constable, Triggers Security Sweep

Khuzdar Ambush Kills Lady Constable, Triggers Security Sweep

Two police officials, including Lady Constable Malik Naz, were killed in a Khuzdar ambush during a raid linked to a solar panel theft complaint, while two others were seriously injured. The attack, along with separate violence in Mastung, has renewed focus on the security risks faced by police in Balochistan.

General
Pakistan, Egypt wrap up Thunder-II counterterror drill in Cherat

Pakistan, Egypt wrap up Thunder-II counterterror drill in Cherat

Pakistan and Egypt concluded the two-week Thunder-II counter-terrorism exercise in Cherat, with elite teams from the SSG and Egyptian Special Forces taking part. The drill highlighted deeper defence cooperation between the two countries and underscored Pakistan’s continued focus on specialised counter-terrorism readiness.

General
PSX Tumbles as Iran Talks Uncertainty, Oil Spike Rattle Market

PSX Tumbles as Iran Talks Uncertainty, Oil Spike Rattle Market

The Pakistan Stock Exchange suffered a sharp intraday sell-off on April 20 as the KSE-100 fell more than 3,000 points, hit by renewed US-Iran uncertainty, higher oil prices and weaker risk appetite. The slump reversed part of last week’s recovery and underscored how vulnerable Pakistan’s market remains to regional shocks and energy-driven investor anxiety.

Business