FY27

The Pakistan Stock Exchange's KSE-100 index gained 3,748.40 points (2.08%) on the first day of FY27, closing at 184,050.10. The index had previously recovered to exceed 180,000 in the last day of FY25-26, which saw a 44% return in rupee terms and 46% in dollar terms. Analysts predict further gains toward an all-time high of 189,000, citing lower oil prices and potential policy rate cuts.

Mayor Zohran Mamdani’s budget proposal excludes funding for NYCBenefits, a program connecting low-income New Yorkers to benefits. The program, which helped 28,000 residents apply for aid and provided over $20 million in assistance, risks ending without funding. Providers and 50 organizations are urging the mayor to guarantee continued support.