Business
The Directorate General of Customs Valuation Karachi has announced an increase in the customs value of imported solar panels, revising it from $0.08 per watt to $0.09 per watt. This revision comes despite a fall in global solar panel prices, following multiple appeals by local importers to reassess
Business
Pakistan’s foreign exchange market displayed relative stability on Monday, with the US Dollar maintaining its position at Rs. 288.3 for buying and Rs. 288.6 for selling. Despite ongoing global economic challenges, the rupee remained steady against the greenback. European currencies posted modest gains. The Euro rose slightly
Business
Gold prices remained firm across major Pakistani cities, showing no change from the previous day. According to local market data, the price of gold per tola stood at Rs357,600, while 10 grams were priced at Rs306,584. Uniform rates were reported in Karachi, Lahore, Islamabad, Peshawar, and Quetta, with
Business
The latest currency exchange data shows minor yet notable changes in the values of key global currencies against the local benchmark. These fluctuations come amid ongoing economic volatility, geopolitical uncertainty, and recent policy moves by central banks worldwide. According to the latest figures, the US Dollar (USD) is being bought
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The country is on track for positive economic development and growth, and any attempt to manipulate the exchange rate by any segment must be strongly resisted, as it would risk undoing three years of hard-earned economic stabilization efforts. This was stated by former caretaker minister Gohar Ejaz. “In June,
Business
Federal Finance Minister Senator Muhammad Aurangzeb chaired a high-level meeting on Wednesday to review progress on the planned closure and privatization of the Utility Stores Corporation (USC), as directed by the Prime Minister. The committee, formed to manage the process, reaffirmed that USC operations will cease by 31 July
Business
The Punjab government has launched a new QR code system for property tax notices in an effort to tackle fake challans and boost transparency. The updated system, introduced on July 15, was announced by Director General of Excise Umar Sher Chatha. In the first phase, 2.5 million tax notices
Business
Gold prices in Pakistan have seen a significant rise, with the price of per tola gold reaching Rs359,700 on July 14. This marks an increase of Rs1,600 compared to previous rates, while the price of 10 grams of gold rose by Rs1,371, reaching Rs308,384. The sharp
Business
inDrive, the country’s largest mobility platform, has launched Premium-category Rides in major cities across Pakistan, offering passengers top-rated drivers and newer vehicles. The move signals the company’s push to capture a growing market segment seeking high-end travel options. Now available in Karachi, Lahore, and Islamabad,
Business
Pakistan’s motorcycle and rickshaw market saw a significant recovery last month, with overall sales increasing by more than 50% year-on-year, according to the latest data from PAMA. This rebound signals growing public confidence and rising demand for low-cost transport options, driven by improved economic conditions, stable
Business
The federal government is expected to raise petroleum prices from July 16, with petrol and diesel likely to become more expensive for consumers across Pakistan. Sources within the oil industry suggest that petrol prices may go up by around Rs6.60 per litre, while high-speed diesel (HSD) could see
Business
In 2020, Billow Time Watch Co., Ltd took a major step by launching a brand named PRYZM, a premium watch brand from China. Billow Time Watch has spent many years in the watch industry providing luxury to its clients. By launching its own brand PRYZM, Billow Time established itself not