Business
PSX surges to fresh peak on second day of strong gains | The Express Tribune

The Pakistan Stock Exchange (PSX) on Tuesday witnessed strong bullish momentum for a second consecutive day, driving the benchmark index to a new record high.
By mid-day, the benchmark index had surged even further, touching an intraday high of 166,556.29 before settling at 165,774.16. The rally added 1,926 points compared to the previous close of 163,847.68.
Market activity remained vibrant, with trading volume recorded at nearly 390 million shares, valuing transactions at over Rs39.5 billion. The day’s low was 164,208.33. Analysts attributed the gains to strong investor sentiment, fuelled by positive expectations on the economic front and institutional buying.
Trading opened with a gain of 940 points, lifting the KSE-100 Index to 164,787 points during intra-day trading. Momentum remains positive, with the index so far rising by 1,296 points to 165,144 points.
The rally builds on Monday’s session, when the market also posted significant gains and set fresh highs.
Read: Stocks jump to fresh peak over IMF review
Earlier on Monday, Pakistan Stock Exchange (PSX) opened the week on a highly strong note as the KSE-100 index soared 1,591 points to close at a new record high at 163,848.
Buying interest remained robust, particularly in attractive stocks, pushing the index to the intra-day peak of 163,904, while the day’s low stood at 162,059. There was brisk activity, reflected in high trading volumes of 1.3 billion shares.
Investors drew support from the visit of an International Monetary Fund (IMF) mission for the second review of its $7 billion Extended Fund Facility (EFF) and first assessment under the Resilience and Sustainability Facility (RSF).
Arif Habib Limited (AHL), in its commentary, wrote that stocks took a solid start to the week with the KSE-100 index gaining 0.98% day-on-day and reaching the high of 163.9k in intra-day trading.
Some 60 shares rose while 40 fell, where Fauji Fertiliser Company (+3.1%), Pakistan State Oil (+6.16%) and HBL (+2.51%) contributed the most to index gains. On the contrary, Engro Holdings (-0.66%), Lucky Cement (-0.73%) and DG Khan Cement (-2.52%) were the biggest drags, it stated.
Among corporate news, Ghandhara Automobiles (+0.04%) announced FY25 earnings per share (EPS) of Rs71.85, up 11x year-on-year (YoY), and dividend per share of Rs10, which was above expectations.
Additionally, Air Link Communication (+10%) announced FY25 EPS of Rs12.01, +3% YoY, and dividend per share of Rs7, which also beat expectations. AHL estimates the weekly draw will remain at 165k with support rising to 162k.
Business
It Will Now Cost You More To Update Your Aadhaar Card | Check New Fee Here

Last Updated:
The fee for biometric updates has increased from Rs 100 to Rs 125, a rise of Rs 25, marking UIDAI’s first Aadhaar service fee hike in nearly five years

The fee changes apply to updates of names, addresses, biometrics, and other details once an Aadhaar card is issued. (Representative/News18 Hindi)
The cost of updating or correcting Aadhaar cards has increased as the Unique Identification Authority of India (UIDAI) raises fees for Aadhaar-related services, effective October 1.
While there is still no fee for issuing a new Aadhaar card, the fee for updating an existing Aadhaar card has gone up from Rs 50 to Rs 75. Similarly, the fee for biometric updates has been raised from Rs 100 to Rs 125, meaning an additional charge of Rs 25. This marks the first fee increase by UIDAI in nearly five years.
Updates for Aadhaar cards for newborns will remain free. The fee changes apply to updates of names, addresses, biometrics, and other details once an Aadhaar card is issued. After issuing Aadhaar cards for newborns, a biometric update is required at age five, with subsequent updates needed between ages 5 and 7 and again between 15 and 17 years.
UIDAI has provided relief for children and adolescents aged 5 to 7 and 15 to 17 years by waiving the biometric update fee, which was previously Rs 50. Despite the fee waiver, these updates remain mandatory.
The fee for updating Aadhaar details through a machine delivered to your home or convenient address remains unchanged at Rs 700. To access this service, one must email UIDAI.
October 01, 2025, 17:50 IST
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Business
GST Collections Rise 9.1% to Rs 1.89 lakh Crore In September, Marking 2nd Consecutive Growth

New Delhi: India’s Goods and Services Tax (GST) collections continued their upward trajectory in September 2025, rising by 9.1 per cent to Rs 1,89,017 crore compared to Rs 1,73,240 crore in the same month last year.
According to the data released on Wednesday, the figures mark the second consecutive month of robust growth in GST revenues, reflecting sustained economic activity and improved compliance.
Last month the GST collections increased by 6.5 per cent year-on-year to 1.86 lakh crore in August.
In September, the growth is driven by the domestic component, where CGST, SGST, IGST, and Cess collections all showed positive monthly increases.
The collection data indicates steady growth in GST collections and net revenues for the month, supported by healthy domestic consumption, rising imports, and a significant increase in refunds processed during the month.
India’s Goods and Services Tax (GST) system has achieved a major milestone in 2024-25, with a record gross collection of Rs 22.08 lakh crore, showing a 9.4 per cent growth over the previous year.
Daily-use products, packaged foods, and personal care items have been shifted to the 5 per cent slab from 12 to 18 per cent earlier. Companies are expected to cut prices by 4 to 6 per cent, improving affordability and boosting rural demand. Staples such as paneer, chapati and khakhra have even been moved to the zero-tax bracket, making essentials like these cheaper.
Rolled out on September 22, the rationalised GST rates have set the stage for major sectoral transformation by rationalising tax slabs, simplifying compliance, and addressing long-standing issues such as the inverted duty structure.
According to the experts, GST 2.0 has ushered in structural relief across critical sectors, the reforms are likely to accelerate growth by supporting consumption, easing compliance, and strengthening MSMEs, even as luxury and sin goods have been placed in the higher 40 per cent bracket to safeguard revenue loss.
Business
No Proposal To Levy Charges On UPI Transactions: RBI Governor

New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday reiterated that the central bank has no proposal to impose a fee on transactions done through Unified Payments Interface (UPI).
The governor’s clarification came during his address after the post-Monetary Policy Committee (MPC) meeting.
Malhotra stated that he had never said UPI could stay free forever, but he noted that someone needs to bear the costs associated with its functioning.
“What I said was there are costs associated with UPI transactions, and the same need to be paid for by someone,” the governor said.
The governor had clarified the same during the previous post-policy conferences.
Earlier in the morning, National Payments Corporation of India (NPCI) data showed that the UPI saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in September.
The transaction amount also rose 21 per cent to Rs 24.90 lakh crore.
Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August.
Average daily transaction amount in September stood at Rs 82,991 crore, a rise from Rs 80,177 crore in August, the NPCI data showed.
According to data, the UPI recorded 654 million average daily transaction counts in the month, up from 645 million in August.
In August, the UPI transactions had crossed 20 billion for the first time in its history. UPI had earlier achieved a record of crossing 700 million transactions in a single day on August 2.
Meanwhile, the RBI’s monetary policy committee (MPC) has decided to keep the repo rate unchanged at 5.5 per cent, and stick to the “neutral” policy stance.
A neutral stance finds a delicate balance between containing inflation without impairing growth, so it doesn’t call for either stimulation or liquidity restrictions.
The RBI Governor stated that the sharp drop in food prices and the reductions in the GST rate had made the inflation outlook even more benign. As a result, the RBI has changed its average inflation rate forecast from 3.1 per cent in August to 2.6 per cent for 2025–2026.
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