Business
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 a message posted on LinkedIn, where he described it as an “incredibly difficult” move made after much deliberation. Sheikha attributed the closure
Business
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.285.55 for selling, reflecting minor movement in the interbank and open markets. The Euro also held steady, trading at Rs.326.
Business
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, with its buying rate recorded at Rs282.4 and selling at Rs285.25. Among the top currencies, the British Pound remained the
Business
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” (Every Ride is a New Story). The campaign stood out in the mobility space for spotlighting the meaningful human experiences behind everyday
Business
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 places strong emphasis on development, particularly in education, healthcare, infrastructure, and governance. According to official documents, the total development budget is proposed
Business
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 Association (APGJSA), the price of gold remained stable on Monday at Rs363,000 per tola, the highest ever recorded in the country.
Business
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 Gems and Jewellers Association, the price of 24-karat gold per tola rose by Rs1,500, bringing the new rate to Rs363,
Business
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 and excessive powers over the business community. These measures represent a fundamental assault on business rights and economic freedom that no business
Business
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 official notification issued by the Sindh Excise, Taxation, and Narcotics Control Department. This biometric policy, introduced in September 2024, is aimed at
Business
The Pakistani Rupee remained under mild pressure in both the interbank and open markets today, with the US Dollar registering modest gains. Currency traders reported the Dollar buying rate at PKR 283.15, while the selling rate reached PKR 284.55. The British Pound also traded on the higher side,
Business
Gold prices in Pakistan surged sharply, with a substantial rise reported in both local and international markets. The increase comes amid growing economic concerns and a global trend of investors turning to gold as a safe haven. As shared by the All Pakistan Gems and Jewellers Association, the price of
Business
The federal government has introduced a new tax on petrol and diesel vehicles in the Budget for 2025–26, impacting all internal combustion engine (ICE) vehicles, whether locally assembled or imported. Outlined in the Finance Bill 2025–26, the levy will be calculated based on engine size and applied as