Business
The Pakistan Bureau of Statistics (PBS) reported a 1.34 per cent decline in the overall weekly inflation rate, offering some relief to consumers. According to the data released on Friday, the annual inflation rate now stands at 4.17 per cent. Despite the overall decline, the report showed mixed
Business
The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), has announced the availability of the last remaining retail and commercial units at CBD Walk in CBD Punjab Quaid District, a flagship lakefront development that has already been unveiled and successfully balloted. Following
Business
Pakistan has ruled out the possibility of a mini-budget, even as it prepares for crucial talks with the International Monetary Fund (IMF). Prime Minister Shehbaz Sharif has instructed his economic team to negotiate maximum relief in light of the devastating flood losses. Federal Board of Revenue (FBR) Chairman Rashid
Business
The Pakistan Stock Exchange (PSX) continued its upward march on Friday, with the benchmark KSE-100 Index adding more than 400 points in early trading. At 9:35am, the index stood at 158,387.68 points, reflecting a gain of 434.22 points or 0.27%. Strong buying interest in
Business
MG Pakistan has announced a major price cut on its two electric vehicles, offering buyers savings of more than Rs1.3 million on each model. According to the company, the discounted models include the MG4 Excite and the MG ZS EV Short Range, both now available at significantly reduced prices.
Business
Pakistan is expected to secure full membership of BRICS during either its 18th or 19th annual summit in 2025 or 2026, according to diplomatic sources. The development marks a major shift in Pakistan’s global economic outreach as the bloc continues to grow in influence. Pakistan formally applied for membership
Business
Precious metals market in Pakistan witnessed mixed signals on Thursday, with gold prices remaining flat but silver recording a modest gain. According to the All Pakistan Sarafa Gems and Jewellers Association, 24-karat gold per tola stayed unchanged at Rs388,600, while 10 grams were steady at Rs333,161. Globally,
Business
Jaffer Brothers (Pvt.) Limited (JBL), in collaboration with Sindh Engro Coal Mining Company (SECMC) and Komatsu Limited, celebrated a major milestone with the delivery and deployment of more than 100 Komatsu machines at the Thar Coalfield Block II project. The achievement marks a new benchmark in Pakistan’s mining sector,
Business
The Central Power Purchasing Agency (CPPA) has submitted a request to the National Electric Power Regulatory Authority (Nepra) for a 19 paisa per unit tariff increase under monthly adjustment. Nepra will review this request during a scheduled hearing on September 29, and if approved, the tariff hike will be reflected
Business
Chairman of the Economic Policy and Business Development think tank and former caretaker federal minister, Gohar Ejaz, has unveiled a comprehensive roadmap for Pakistan’s economic revival, stressing that sustainable growth cannot be achieved through new borrowing or rescheduling of old debts. Talking about the plan, Ejaz said that loans
Business
Gold and silver prices in Pakistan fell after reaching record highs earlier this month. According to market data, the price of 24-carat gold dropped by Rs2,400 per tola, settling at Rs388,600. The price of 10 grams of gold also declined by Rs2,058 to Rs333,161. Read
Business
The Islamabad district administration has fixed the retail price of refined sugar at Rs177 per kilogram, effective September 15, 2025. The move comes after consultation with wholesale sugar dealers and in line with directives from the Ministry of National Food Security and Research. Deputy Commissioner and District Magistrate Irfan Nawaz