Stories from Usman Hanif
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Govt borrowing crowds out private sector
Banking sector tilts heavily towards state lending due to high returns
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Sindh agriculture gets Rs133b
Province bets on modern farming, irrigation, horticulture clusters
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Reserves hit 3-year high at $16.9b
No rate cut expected by analysts but survey sees inflation at 6-8%
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Remittances cross $34.9b for FY2025
Average monthly inflows rise by 10.7% from FY24 – easing deficit; South Africa, Ireland, Malaysia lead new growth
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Status quo maintained on equity taxes
Market sees stability as budget leaves capital gains tax unchanged
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Labour market faces mismatch between skills, demand
Unskilled migration dominates; progress on reforms remains slow as youth, women miss green, digital job boom
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Public input invited on SME finance guidelines
SBP drafts new lending regulations for small to mid-range businesses amid calls for reform
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Local gold prices steady despite global surge
Global tensions, weak dollar push gold up; rupee slides 10 paisa to 282.22/$
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PSX extends record run as KSE-100 closes above 121,000 points for first time
Index closes for the day at 121,798.86, gaining 1,347.99 points or 1.12%
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Gold inches up as global market cools
Safe-haven edges up Rs1,000 to Rs354,100 on US-China pullback; rupee slips 14 paisa to 282.11/$