Business
PSX crosses 176,000 points on US-Iran peace pact, investor confidence boosted
Pakistan Stock Exchange (PSX) recorded substantial rally on the first trading day of the week after news of agreement between Iran and United States which improved sentiments across regional financial markets.
The KSE-100 had kicked off the trading session on a bullish note, adding more than 4,500 points. The KSE-100 Index shot up to 176,917 points, a huge progress over last session.
The benchmark index finished at 172,399 points on the last trading day of the previous week. That recent rally has seen good purchasing and a better feeling among investors.
Meanwhile, share markets in Asia jumped on Monday (Oct 2) while the dollar sank and oil prices tumbled as a tentative peace deal between the United States and Iran raised hopes of easing inflationary pressures internationally and lessening the need for higher interest rates.
Pakistani Prime Minister Shehbaz Sharif stated on social media early Monday that an agreement had been reached, while President Donald Trump said the agreement includes opening the crucial Strait of Hormuz, without details.
Business
For three days, Pakistan lowers the price of petrol and diesel.
For a three-day period starting on August 1, the government has announced a slight decrease in the cost of petroleum products, including gasoline and high-speed diesel (HSD).
The Petroleum Division said that the price of high-speed diesel has been lowered by Rs0.66 per litre, resulting in a new retail price of Rs392.38 per litre.
Additionally, the price of gasoline has been lowered by Rs0.12 per litre, to Rs336.03 per litre.
According to the letter, the updated pricing will go into effect between August 1 and August 3.
According to the administration, the little cut was taken after accounting for both domestic economic and budgetary factors as well as global oil costs.
In light of persistent economic pressures and swings in the world’s crude oil markets, the most recent adjustment provides customers with little respite.
The most recent update comes after the government regularly reviews fuel costs, which are decided by the currency rate, domestic tax laws, and global market trends.
Business
FBR surpasses its July revenue goal by Rs40 billion.
In July 2026, the Federal Board of Revenue (FBR) collected Rs820 billion in net revenue, exceeding the monthly target by Rs40 billion.
The July tax collection target was set at Rs780 billion, but net receipts came in at Rs820 billion, according to FBR documents.
According to the papers, gross tax collections for the month totaled Rs918 billion. Net receipts were Rs820 billion after Rs98 billion of this sum was reimbursed to taxpayers under different refund categories.
Gross collections under the income tax head was Rs343 billion. Net income tax revenues fell short of the objective of Rs323 billion, coming in at Rs308 billion after the payment of Rs35 billion in refunds.
In July, sales tax collections came to Rs413 billion, while sales tax refunds were Rs53 billion.
The Federal Excise Duty (FED) collected Rs48 billion, compared to the objective of Rs47 billion, according to the FBR.
In July 2026, customs duty receipts totaled Rs115 billion, surpassing the designated objective of Rs105 billion by Rs10 billion.
Business
Foreign investors return to PSX after almost two years
Foreign investors became net purchasers at the Pakistan Stock Exchange (PSX) for the first time in almost two years, indicating restored confidence in the country’s capital market at the beginning of the current fiscal year.
According to official data, foreign investors invested $34.4 million in the PSX in July 2026, a significant reversal from June 2026 when they sold $180 million worth of shares and pulled money out of the market.
The data showed that foreign investors were net buyers for the first time in nearly 23 months, with banking and exploration companies receiving the greatest investment in the month.
Foreign investors made investments in the banking sector to the tune of $13.8 million during July, while investments in exploration businesses amounted to $6.7 million.
However, the data also revealed that international investors preferred to dispose of cement stocks over the same period.
-
Latest News3 months agoICC board meeting in India: Mohsin Naqvi gets invitation
-
Latest News2 months agoA meta program to monitor mouse clicks made by employees in violation of EU privacy regulations
-
Business3 months agoThe IMF mission has arrived in Pakistan for discussions regarding the budget.
-
Latest News3 months agoTo commemorate the anniversary of Marka-e-Haq, top civic and military leaders assemble at Pakistan Monument.
-
Latest News2 months agoChina and Pakistan Establish Collaborative Herbal Medicine Laboratory to Enhance Traditional Medicine Partnership
-
Latest News2 months ago7.8 magnitude quake hits southern Philippines\
-
Latest News1 month agoThe newly elected chief minister of Gilgit-Baltistan’s oath-taking ceremony was postponed.
-
Latest News2 months agoIs the US-Iran standoff exposing deep fault lines in US intelligence coordination?
