Luojiashan tanker sits anchored in Muscat, as Iran vows to close the Strait of Hormuz, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 7, 2026. — Reuters Traders rapidly reduce Fed rate cut wagers for year.All major US stock indexes log daily and weekly declines.US…
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Govt considers scrapping personal baggage used cars import scheme
Vehicles are parked at a car dealer’s showroom in Karachi. — AFP/FileGovt mulls introducing stringent measures to prevent misuse.Auto sector opposes car imports, govt wants balanced approach.Industry comprises of roughly 1,200 factories, provides 2.5m jobs.
ISLAMABAD:…
Top 10% of earners take 42% of Pakistan’s income: report
A man counts Pakistani rupee notes at a currency exchange shop in Peshawar, Pakistan on September 12, 2023. — ReutersBottom 50% in Pakistan receive just 19% of total income.Richest 10% hold 59% of Pakistan’s total wealth: report.Top 1% control 24% of total wealth in Pakistan:…
PSX closes at record high on strong liquidity, sectoral gains
Stockbroker monitors share prices during a trading session at the Pakistan Stock Exchange in Karachi, 21 January 2025. — INP
The equity market surged to a fresh all-time high, crossing the 154,000 mark for the first time, on Friday, with sentiment fuelled by sustained liquidity…