Business
The Saudi Riyal maintained a stable exchange rate against the Pakistani Rupee in the open market on Monday, with no change recorded at the start of the week. As of May 19, the buying rate remained at Rs75.09, while the selling price was steady at Rs75.64, according to
Business
Pakistan has introduced its first-ever Green Sukuk bond, a major step toward promoting environmentally sustainable development. The announcement was made by Finance Minister Muhammad Aurangzeb in a video message to the Pakistan Stock Exchange (PSX), which recently closed at a record high—an indicator of growing investor trust. The
Business
In a recent meeting with Nestlé officials, Federal Minister for Food Security Rana Tanveer Hussain shared that the government is seriously considering removing all taxes on infant milk powder in the upcoming federal budget. The minister stated that reducing the cost of essential nutrition for infants had become a top
Business
As Pakistan finalizes its Budget for 2025–26, discussions with the International Monetary Fund (IMF) continue, focusing on a range of tax measures intended to strengthen revenue without hindering economic sectors. Government officials have indicated that a reduction in taxes on automobiles and their parts is under consideration. The current
Business
The federal government has kept the price of petrol steady while slightly lowering the cost of high-speed diesel, according to a new notification issued for the fortnight beginning May 16. As per the official announcement, the price of petrol remains unchanged at Rs252.63 per litre. However, the price
Business
Gold prices in Pakistan saw a significant drop on Thursday, with the rate of 24-karat gold falling by Rs6,700 per tola. According to the All Pakistan Sarafa Gems and Jewelers Association, gold was sold at Rs335,200 per tola, compared to Rs341,900 on the previous day. The
Business
The Pakistani rupee made a modest gain against the US dollar in early inter-bank trading on Thursday, appreciating by 0.1% as global currency markets reacted to a mix of trade developments and economic signals. At around 10 am, the rupee was trading at 281.43, reflecting an increase
Business
Mashreq has announced its financial results for the first quarter of 2025, delivering strong performance across key indicators, underscoring the strength of its diversified business model and commitment to innovation-led growth. Read More: Gold Prices Hit All-Time High in Pakistan Amid Global Surge The Bank reported an operating
Business
With growing global attention on air pollution and its health impacts, the HomePure Zayn air purifier is emerging as a practical tool for families seeking to improve indoor air quality. Designed to address the often-overlooked issue of indoor air pollution—frequently five times worse than outdoor air—the device
Business
Gold prices in Pakistan soared once again, reaching a record high as international market trends continued to push rates upward. The price of 24-karat gold increased by Rs800 per tola, settling at Rs356,900 on Thursday, marking a sharp reversal from the weekend’s dip. Similarly, the price of
Business
A leading economic think tank has called on the government to immediately withdraw the Tax Laws (Amendment) Ordinance 2025, warning it threatens Pakistan’s business climate and judicial independence. The Economic Policy and Business Development (EPBD) group said the ordinance, signed by the President on May 2, grants tax authorities
Business
Gold prices in Pakistan witnessed a steep rise on Monday, 5 May 2025, setting new records in the local market. According to figures released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged by Rs. 7,800, reaching an all-time