Business
The federal government has decided to hand over the management of Islamabad International Airport to the United Arab Emirates (UAE). The decision was made on Thursday during a meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT), chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar. Read
Business
Pakistan’s foreign exchange reserves have recorded a slight increase of 47 million dollars this week, taking the overall total to 19.61 billion dollars, according to fresh data issued by the State Bank of Pakistan. Read more: Climate change risks overshadow economic optimism The State Bank’s own reserves
Business
Gold prices recorded another increase on Thursday, with both international and domestic markets showing an upward trend. The All Pakistan Gems and Jewellers Association reported that the price of gold in Pakistan jumped by ₨900 per tola, settling at ₨362,600. Meanwhile, the cost of 10 grams climbed by ₨772,
Business
Pakistan will not be turning to foreign markets for wheat imports this year, as existing reserves are deemed adequate to meet domestic demand, the federal government has announced. The update was shared during the Wheat Board’s eighth session, chaired by Federal Minister Rana Tanveer Hussain. The meeting reviewed wheat
Business
Pakistan’s economy is facing fresh challenges as severe rainfall and flooding continue to disrupt agriculture, with the government warning of a possible rise in inflation. According to the Finance Ministry’s Monthly Economic Update and Outlook, the economy began the fiscal year 2025–26 on a positive trajectory, with
Business
Chairman EPBD Dr. Gohar Ejaz on Thursday strongly criticised the State Bank of Pakistan’s (SBP) decision to maintain the policy rate at 11 percent, calling it a misalignment with the prevailing inflationary outlook and a heavy burden on taxpayers. In a post on X (formerly Twitter), Ejaz questioned how
Business
Sazgar Engineering Works Limited (SAZEW), a major Pakistani manufacturer of three-wheelers and tractors, has announced an ambitious expansion to meet the country’s shifting automotive trends. The firm is committing Rs11.5 billion to increase vehicle output, aiming to produce up to 100 units daily by March 2026, more
Business
The Pakistan Stock Exchange (PSX) opened on a positive note on Thursday, showing signs of recovery after three days of losses. The benchmark KSE-100 Index gained over 200 points in early trade, climbing to 147,737.44 by 11:25am, an increase of 243.41 points or 0.17%
Business
The Pakistani rupee stayed largely stable on Wednesday, reflecting limited volatility in the open market as key foreign currencies held firm. Dealers said the rupee’s performance showed signs of balance, with no sharp gains or losses recorded during trading hours. According to figures issued by exchange firms, the US
Business
The Pakistan Stock Exchange (PSX) saw renewed investor confidence on Wednesday morning, with the benchmark KSE-100 Index rising sharply after a day of losses. By 9:40am, the index climbed 567.53 points to 149,002.59, showing a 0.38% gain. The upward move was supported by buying
Business
The Pakistani currency witnessed another day of mixed performance on August 27, 2025, with the US dollar maintaining its position near the 285 mark in open market trading. Data released by currency dealers showed the dollar being bought at Rs 284.1 and sold at Rs 285.6. The interbank
Business
DeskOne is an Australian furniture brand that recently relocated to Willawong. The reason behind this is to improve delivery services and expand the product range in that country. The company was founded in September 2023 by two international former students. In the beginning, it operated out of warehouses in Yatala,