Business
Gold prices in Pakistan climbed sharply on Tuesday, with the per tola rate of 24-karat gold reaching Rs406,778 after recording an increase of Rs3,178. The price of 10 grams of 24-karat gold rose by Rs2,725, settling at Rs348,746, while 10 grams of 22-karat
Business
Gold prices in Pakistan surged to an unprecedented level on Monday, with the per tola rate exceeding Rs 400,000 for the first time. According to updated figures, the price of gold per tola jumped by Rs 5,900, reaching Rs 403,600, marking the highest-ever increase in domestic
Business
Daraz Pakistan, the country’s leading e-commerce platform, has pledged PKR 27.5 million (USD 100,000) in support of flood relief efforts being coordinated by the National Disaster Management Authority (NDMA). This contribution is a small step towards easing the hardship faced by communities devastated by the recent
Business
IMF has asked Pakistan to share a comprehensive progress report on anti-money laundering measures during ongoing negotiations at the Finance Ministry in Islamabad. The bank has sought details on issues, including the Governance and Corruption Risk Assessment Report and measures to strengthen provincial enforcement against corruption. The delegation will
Business
Pakistan’s debt burden has reached alarming levels, with every citizen now owing Rs 318,252, according to latest estimates by the Economic Policy & Business Development Think Tank. Figures show that per-person debt has ballooned from Rs 90,047 in 2014 to Rs 318,252 in 2024 — marking
Business
The government has expanded its Pakistan Accelerated Vehicle Electrification scheme, enabling citizens to purchase electric scooters on interest-free instalments. Under the initiative, consumers can access popular Yadea scooter models, including M3H, T5L, and VELAX, with a government subsidy of Rs50,000 applied per unit. Buyers will benefit from a
Business
Pakistan held its second round of economic review talks with IMF presenting detailed figures on revenue shortfalls, tax collection, and fiscal performance. The IMF expressed concern over Pakistan missing the annual tax target of Rs12.97 trillion, as the Federal Board of Revenue managed Rs11.74 trillion only. Officials explained
Business
The Pakistan Stock Exchange opened strongly on Friday, with the KSE-100 Index crossing the historic 160,000 mark for the first time during early trade. At 10:15am, the benchmark index stood at 161,188.80 points, reflecting a sharp gain of 1,908.71 points or 1.2
Business
The Punjab government has approved the installation of electric vehicle charging stations in commercial areas, removing earlier hurdles that slowed infrastructure development. In a regulatory shift, the Local Government Department has abolished the requirement for District Design Committee approval to establish petrol pumps or charging stations. Businesses can now set
Business
The Pakistan Stock Exchange (PSX) witnessed a strong buying rally on Thursday morning, as investor sentiment lifted following government steps to tackle circular debt. At 10:05am, the KSE-100 Index stood at 158,758.04 points, showing an increase of 521.37 points or 0.33 percent during early
Business
The Islamic Ideological Council (CII) has clarified that no final decision has been taken regarding the withholding tax on bank transactions in Pakistan. The council emphasized that the issue was only discussed at a preliminary level, with members expressing differing opinions during the last session. Several members had shared their
Business
The Islamic Ideology Council (IIC) has declared withholding tax on bank withdrawals un-Islamic, labeling it an oppressive burden on the public. Chairman Allama Dr. Raghib Naeemi emphasized that the levy contradicts Shariah principles and called on the government to reconsider its imposition immediately. The council also opposed proposed amendments