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Geopolitics, oil spike drag PSX down

[ KARACHI: Pakistan Stock Exchange (PSX) closed lower on Thursday as the benchmark KSE-100 index lost around 500 points due to the intensifying war in the Middle East. The market opened “gap-down” but found support near the 175,000 level. Trading remained under pressure throughout the session amid renewed geopolitical tensions involving the United States and … Read more

Cabinet rejects ban on rich purchases

Cars, property, stock curbs for ineligible persons shelved despite IMF commitment Prime Minister Shehbaz Sharif chairs a meeting of the Federal Cabinet in Parliament House Islamabad on June 26. Photo: PTV ISLAMABAD: The federal cabinet has rejected a proposal to immediately ban purchases of cars, investment in stocks, cash withdrawals and buying properties beyond a … Read more

MG JW to export vehicles to Bangladesh

[ MG JW Automobile Pakistan has signed an agreement with Bangladesh’s RANCON Group to export locally assembled vehicles to Bangladesh, marking a significant milestone for Pakistan’s automotive industry, according to a statement on Thursday. Under the agreement, MG JW will export 100 vehicles to Bangladesh during the current year, with total exports projected to reach … Read more

SBP reserves drop $229m to $17.03b

[ ISLAMABAD: The State Bank of Pakistan’s (SBP) foreign exchange reserves declined by $229 million during the week ended July 24, 2026, settling at $17.03 billion, the central bank said. The drop was attributed to external debt repayments. Pakistan’s total liquid foreign reserves stood at $22.4 billion as of July 24. Of these, the SBP … Read more

Pakistan exits war-risk list

KARACHI: Pakistan and its territorial waters have been removed from the Listed Areas of Lloyd’s Market Association’s Joint War Committee (JWC), after more than two decades, a move that will help reduce war-risk insurance premiums and shipping costs. The announcement was made by Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry while addressing the … Read more