Business
Govt Caps Bank Withdrawals to Curb Tax Evasion
The federal government of Pakistan has introduced a set of financial and tax reforms aimed at tightening oversight of large transactions and boosting tax compliance. One of the
Business
Business
High Policy Rate Hurting Economy: Gohar Ejaz
Former federal minister Gohar Ejaz said that State Bank of Pakistan is causing annual Rs3 trillion loss to national exchequer. In a post uploaded on X platform on
Business
Petrol, Diesel May Rise Sharply in Pakistan
Petroleum prices in Pakistan are expected to rise sharply in the coming days due to increasing global oil prices driven by regional tensions, according to a report by
Business
Investors Turn to Gold Amid Global Uncertainty
Gold prices in Pakistan surged on Monday, approaching record highs amid bullish sentiment in the global market. The price of one tola of gold rose sharply to Rs
Business
Dollar, Euro, Pound Rise Against Pakistani Rupee
The Pakistani Rupee continued to weaken against major foreign currencies in the open market on Monday, reflecting persistent economic pressure and increased demand for stronger international currencies. Analysts
Business
No Installments, No Power: LESCO Tightens Policy
The Lahore Electric Supply Company (LESCO) has suspended its installment facility for electricity bills in an effort to meet its revenue recovery targets for June. The company has
Business
Govt Slashes Sales Tax on Solar Panels
The federal government of Pakistan has reduced the proposed sales tax on solar panels from 18% to 10%. The adjustment, announced during the revised federal budget presentation for
Business
Careem Ends Ride-Hailing Service in Pakistan
Careem has officially announced the suspension of its ride-hailing service in Pakistan, effective July 18. The decision was shared by the company’s CEO, Mudassir Sheikha, in
Business
Rupee Faces Pressure, High Demand Keeps Dollar Strong
Pakistan’s currency market experienced fluctuations on Tuesday, with the US Dollar maintaining its strong position. The greenback was recorded at Rs.283.15 for buying and Rs.
Business
Rupee Sees Slight Shifts Against Major Currencies
The Pakistani Rupee experienced slight fluctuations against major global currencies on Monday, according to exchange rates issued by local currency dealers. The US Dollar showed a mild uptick,
Business
inDrive Wins Best Influencer Campaign at Pakistan Digital Awards
inDrive, a global mobility and urban services platform, took home the Best Influencer Campaign Award at the Pakistan Digital Awards for its campaign “Har Ride, Aik Nayi Kahani”
Business
Punjab Budget 2025: Allocation Breakdown for Key Sectors
The Punjab government, led by Chief Minister Maryam Nawaz, is expected to present the provincial budget for the fiscal year 2025–26 today at 2 pm. The budget
Business
Precious Metals Set New Highs in Pakistan
Gold rates in Pakistan have touched a new peak, with prices hitting an all-time high across major cities. According to the All-Pakistan Gems and Jewellers Sarafa
Business
Gold Price in Pakistan Increases for Fourth Consecutive Day
The price of gold in Pakistan continued its upward trajectory for the fourth straight day, following similar trends in the international market. According to the All Pakistan Sarafa
Business
EPBD Slams Budget 2025, Terms FBR Powers a Threat to Business Freedom
The Economic Policy and Business Development (EPBD) Board of Governors categorically rejected the draconian amendments introduced in the Budget that grant the Federal Board of Revenue (FBR) unprecedented
Business
Sindh Extends Biometric Deadline for Vehicle Transfers
The Sindh government has extended the deadline for mandatory biometric verification of vehicle registrations and ownership transfers until August 14. The announcement was made on Thursday through an