Latest news with #266
Express Tribune
27-06-2025
- Business
- Express Tribune
PSX rebounds after NA approves budget
The Pakistan Stock Exchange (PSX) saw a positive performance on Friday, as the KSE-100 Index gained 1,581.77 points, or 1.3%, reaching the current index at 123,628.23 during intra-day trading. The index traded between a high of 123,628.23 and a low of 122,222.69, showing a modest fluctuation. The market is currently suspended for the Namaz break and will resume afterwards. Source: PSX The market saw strong trading activity with a total volume of 81,076,304 shares and a total value of Rs9,001,266,999. The previous close for the index was 122,046.46, reflecting a notable improvement as investor sentiment remained positive. The National Assembly on Thursday approved the Rs17.6 trillion worth budget, along with Rs463 billion in new taxes, bringing the digital economy under the purview of tax laws, but almost nullified the single largest enforcement measure to ban economic transactions by ineligible persons. The NA approved the second budget of the government of Prime Minister Shehbaz Sharif with a comfortable majority. Read: NA passes Finance Bill with Rs463b new taxes During a vote on one clause, the coalition government mustered the support of 201 Members of the National Assembly as against 57 votes of the opposition parties. It was also the second budget presented by Minister for Finance Muhammad Aurangzeb in the National Assembly. With the approval of the assembly and subsequent assent by President Asif Ali Zardari, the Finance Act 2025 will come into effect from Tuesday. The National Assembly approved a Rs17.6 trillion budget for the fiscal year 2025-26, making the single largest allocation of Rs8.2 trillion for the interest payments. The defense spending would consume Rs2.55 trillion, the single largest expense in the budget, excluding expenses on the armed forces development programme and military pensions. The subsidies are the third biggest head with over Rs1.1 trillion allocation, followed by over Rs1 trillion for pensions, Rs1 trillion for development spending, and another Rs917 billion for running the civil government.
![MARKET PULSE AM APRIL 30, 2025 [WATCH]](/_next/image?url=https%3A%2F%2Fassets.nst.com.my%2Fassets%2FNST-Logo%402x.png%3Fid%3Db37a17055cb1ffea01f5&w=48&q=75){kind=small}
New Straits Times
30-04-2025
- Business
- New Straits Times
MARKET PULSE AM APRIL 30, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. Bursa Malaysia opened higher today, buoyed by Wall Street's strong overnight performance. The rally was driven by easing US Treasury yields and the White House's softer stance on tariffs, including a planned rollback of the twenty five per cent duty on car-related imports. Nonetheless, the market undertone is believed to remain strong, underpinned by reasonable valuations. The index is expected to trend within the 1,510 to 1,525 range today. In the crypto market, Bitcoin traded lower at RM410,266 as the US jobs report fuelled hopes of an interest rate cut. Ethereum fell to RM7,830, and Solana was down at RM635. That's it for Market Pulse.
Express Tribune
30-01-2025
- Business
- Express Tribune
Prudent monetary policy key to stability
Listen to article KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad credited the central bank's prudent monetary policy for restoring macroeconomic stability, according to a press statement released on Thursday. Addressing a meeting with the Multan Chamber of Commerce and Industry (MCCI), the SBP governor highlighted recent policy initiatives aimed at improving the ease of doing business. These include export and import facilitation, streamlined dividend repatriation, and enhanced support for freelancers and IT exporters. He also emphasised efforts to strengthen Pakistan's digital financial ecosystem, as per the statement. The SBP governor noted a significant rise in Small and Medium sized Enterprise (SME) financing, which increased from Rs543 billion in December 2023 to Rs638 billion in December 2024. Similarly, agriculture credit disbursement saw a 14.5% year-on-year increase, reaching Rs1,266 billion in the first half of FY25. Ahmad also acknowledged the vital role of the MCCI in economic development.
