Business
The Economic Policy & Business Development (EPBD) think tank has rejected the assertion that Pakistan's current economic stability is artificial or unsustainable. The think tank stated that Pakistan's economic stability is built on sound fundamentals, and not artificial interventions. Pakistan's economic stability reflects genuine
Business
A downward revision in fuel prices is likely to take effect from August 1, 2025, offering much-needed relief after persistent increases over the past two months. According to preliminary reports, the federal government may slash petrol prices by Rs6 to Rs7 per litre, bringing the expected rate down to
Business
In a key move towards hybrid vehicle adoption, Sazgar Engineering Works has started accepting pre-orders for its first locally assembled plug-in hybrid SUV, the HAVAL H6 Hi4 1.5L AT AWD Turbo. The news was shared in a notice submitted to the Pakistan Stock Exchange on Monday. The
Business
In a major financial breakthrough, the government of Pakistan is preparing to reduce the country’s power sector circular debt from a staggering Rs2.381 trillion to Rs561 billion. This will be achieved by disbursing Rs1,275 billion, borrowed from 18 commercial banks, to pay off Power Holding Limited (PHL)
Business
On Monday, July 28, gold prices in Pakistan showed no change, with the rate of 24K gold per tola remaining at Rs356,400 and 10 grams priced at Rs305,555. This stability was mirrored in all major cities including Karachi, Lahore, Islamabad, Multan, and Peshawar. The unchanged prices come after
Business
Former caretaker federal minister Gohar Ejaz has stated that the monetary policy is strangling the economy. The interest rate in Pakistan is 11%, while in India it is 5.5% and in China it is 3%. The monetary policy is suppressing tax-paying business activities. The interest rate should be
Business
Pakistan’s intelligence agency has stepped into the currency market, launching a large-scale operation against illegal dollar trading as the rupee continues to weaken. According to a report by a wire service, a senior intelligence official recently held an emergency meeting with representatives from currency exchange firms, urging them
Business
The Punjab Safe Cities Authority (PSCA) has issued a strong warning to buyers and sellers of used vehicles, cautioning that unverified traffic fines could lead to serious legal trouble. In its latest advisory, the authority explained that unpaid e-challans stay attached to the vehicle, not the person. This means
Business
Currency exchange rates in Pakistan showed minor fluctuations on July 24, as global economic sentiment remained cautiously optimistic. The US Dollar (USD) held firm, trading at Rs287 for buying and Rs288.3 for selling. This slight uptick reflected continued investor preference for the greenback amid shifting global market trends. The
Business
inDrive, the global mobility platform known for its peer-to-peer pricing model, has reported a four-fold year-on-year growth in its City-to-City service across Pakistan. The intercity service is now popular among drivers and passengers, especially on routes like Lahore to Islamabad, Lahore to Gujranwala,
Business
Pakistan’s power distribution companies suffered significant financial setbacks during the fiscal year 2023–24, collectively incurring losses exceeding Rs. 276 billion, according to an audit report that has raised serious concerns over inefficiencies in the country’s energy sector. The report revealed that transmission and distribution (T&D)
Business
The Khyber Pakhtunkhwa (KP) government has launched a major Rs20 billion solar energy programme to reduce dependence on fossil fuels and tackle the province’s ongoing electricity shortfall. The project aims to bring affordable, renewable energy to thousands of households struggling with long hours of load-shedding. In the initial