KARACHI: The Pakistan Stock Exchange (PSX) experienced a historic bullish rally last week. The KSE-100 index crossed the 119,000 mark during intra-day trading and closed at 118,442 points. This reflects a weekly gain of 2,906 points (2.5%). Investor confidence remained strong due to optimism about a staff-level agreement between Pakistan and the International Monetary Fund (IMF). The market opened the week with a 663-point gain on Monday. On Tuesday, the index climbed another 801 points, driven by positive economic developments. By Wednesday, the rally pushed the index to 117,974 points, adding 973 points. Also Read : Pakistan’s Agricultural Tax Burden…
Author: Musabeeh Ur Rehman
March 24, 2025 – Pakistan’s agricultural sector is facing one of the highest tax burdens in the region, raising concerns among farmers and industry experts about its impact on productivity and economic stability. A recent report by the Institute of Cost and Management Accountants of Pakistan (ICMA) highlights the significant challenges of enforcing the newly introduced agricultural income tax. Challenges for Farmers The tax, implemented under International Monetary Fund (IMF) conditions, ranges between 15% and 45%, with an additional 10% super tax on high-income landowners. This makes Pakistan’s agricultural tax higher than in neighboring countries like India, Bangladesh, and Sri…
March 24, 2025 – A growing number of global CEOs are urging governments to scrap the carbon pricing system, arguing that it places an undue burden on industries and hampers economic growth. The opposition comes amid rising concerns from businesses about the financial and operational impact of carbon taxes and emissions trading schemes. Concerns Over Economic Growth Executives from major industries, including manufacturing, energy, and transportation, contend that the carbon pricing mechanism increases costs, reduces competitiveness, and discourages investment. Many business leaders believe that market-driven solutions, rather than regulatory mandates, would be more effective in addressing climate change. Also Read…
ISLAMABAD:Federal Minister for Climate Change & Environmental Coordination, Musadik Malik, reaffirmed Pakistan’s commitment to tackling global water challenges. He emphasized the need for glacier preservation and climate-resilient policies. His statement, released on World Water Day, aligns with this year’s theme: “Glacier Preservation.” Malik highlighted the crucial role of glaciers in maintaining Earth’s climate and freshwater supply. He stressed that Pakistan, home to one of the world’s largest glacial systems, must act urgently to protect these natural water sources. His message also reinforced Pakistan’s dedication to Sustainable Development Goal (SDG) 6, which promotes universal access to clean water and sanitation by…
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) have reached a final agreement on a major tariff reduction plan, aiming to increase trade competitiveness and attract foreign investment. The deal will lower the weighted average applied tariff from 10.6% to 6% by 2030, marking a 43% decrease in import duties for local industries. Currently, Pakistan imposes one of the highest trade-weighted tariffs in South Asia. However, after these reforms, the country will have the lowest tariff rate in the region. Officials finalized these adjustments during a virtual meeting on Thursday. Also Read : What’s Going On With Tesla? Latest Updates…
Tesla Faces Declining Sales and Market Share Tesla, once the EV market leader, is now grappling with declining sales, growing competition, and CEO controversies. Aging models, production challenges, and political issues are raising concerns about its future. Tesla’s EV Sales Slump Tesla’s lineup is aging. The Model S, 13 years old, has had only minor updates, while the Cybertruck struggles with sales, quality issues, and recalls. Cybertruck depreciation has reached 58%, and used Tesla values are dropping faster than the industry average. The Model 3 saw an update last year, but sales are plunging in key markets like California. The…
Upcoming Listings on Binance’s Derivatives Market Six projects, recently featured on Binance Alpha, have officially announced their listing on Binance Futures. These tokens will soon be available for trading with a maximum leverage of up to 25x, expanding trading opportunities for investors in the derivatives market. Binance Futures Listing Schedule According to the official Binance announcement, the following tokens will be listed on the derivatives platform at these specified times: March 20, 2025 – 09:00 UTC → $TUT March 20, 2025 – 09:15 UTC → $BID March 21, 2025 – 09:00 UTC → $BROCCOLI714 March 21, 2025 – 09:15 UTC…
A significant proportion of users on Polymarket, a decentralized prediction platform, are wagering that Bitcoin will drop to $75,000 by the end of March 2025. This reflects a growing sense of apprehension within the crypto community as market volatility intensifies. Market Sentiment and Investor Concerns The broader cryptocurrency market remains highly unpredictable, with major digital assets struggling to maintain upward momentum. Meanwhile, mid-cap and smaller coins face increased vulnerability due to liquidity fragmentation. The Fear & Greed Index, which measures market sentiment, currently signals “Fear,” indicating widespread concerns about potential downturns. On Polymarket, 67% of participants believe Bitcoin will only…
For Pakistan’s youth, climate change is a reality, not a distant threat. Young activists are stepping up, leading grassroots movements, educating communities, and demanding accountability. Didar Ali: Climate Awareness in Gilgit-Baltistan Didar Ali witnessed the devastating impact of the 2010 floods in his village in Ghizer, disrupting weather patterns and livelihoods. Frustrated by misinformation, he joined Booni Environmental Academy (BEA) and Climate Forward Pakistan (CFP) to educate youth. He co-organized a climate summit in Chitral and represented Pakistan at COP29, advocating for indigenous communities’ inclusion in policymaking. Also Read : Pakistan’s Footwear Exports Surge 15.48% in First Eight Months of…
Pakistan’s footwear exports jumped 15.48% in the first eight months (July–February) of FY25, reaching $126.4 million, up from $109.5 million in the same period last year. The surge came from higher demand for leather footwear, which rose 14.94% to $98.12 million. Growth Across Footwear Segments Leather footwear led the exports, but canvas footwear also climbed 15.20% to $1.99 million. Other footwear categories saw an even stronger 17.58% increase, reaching $26.31 million. Also Read :Al-Ghazi Tractors Posts 36% YoY Profit Surge to Rs3.54 Billion February 2025 Export Performance In February 2025, footwear exports totaled $16.98 million, marking an 11.57% year-on-year increase…
