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Business
Pakistan’s Forex Reserves Reach $15.61 Billion, Gold Prices Drop
As of May 9, 2025, Pakistan’s total foreign exchange reserves reached $15.61 billion, according to the State Bank of Pakistan…
Burberry to Cut 1,700 Jobs Globally in Cost-Cutting Brand Reset Strategy
Burberry, the British luxury brand, announced on May 14, 2025, plans to cut approximately 1,700 jobs, nearly 20% of its…
UnitedHealth CEO Andrew Witty Steps Down, Stephen Hemsley Returns
UnitedHealth Group announced on May 13, 2025, that CEO Andrew Witty is stepping down for unspecified “personal reasons,” with former…
Pakistan Stock Exchange Soars Past 120,000 as Ceasefire and IMF Boost Confidence
The Pakistan Stock Exchange (PSX) extended its bullish run on May 13, 2025. The KSE-100 Index exceeded 120,000 points during…
Pakistan’s Federal Debt Surges 12.7% to Rs73.69 Trillion, SBP Reports
The State Bank of Pakistan (SBP) reported a record 12.7% year-on-year increase in federal government debt, reaching Rs73.69 trillion in…
Pakistan Stock Exchange Surges 9,928 Points as India-Pakistan Ceasefire
The Pakistan Stock Exchange (PSX) experienced a historic rally on May 12, 2025. The benchmark KSE-100 index surged 9,928 points,…
Pakistan’s Budget 2025 to Feature Major Tax Relief, Withholding Tax Removal
Pakistan’s federal government is poised to unveil significant tax reforms in Budget 2025, including removing withholding tax on raw materials…
Pakistan’s Defence Savings Certificates Offer 12.15% Profit Rate for May 2025
The Central Directorate of National Savings (CDNS) has confirmed a competitive 12.15% profit rate for Defence Savings Certificates (DSCs) in…
Gold Prices in Pakistan Drop for Second Day Amid Global Decline
Gold prices in Pakistan fell for the second consecutive day on Friday, May 9, 2025, aligning with a global downward…