Business
In a decisive move to control rising sugar prices and address an alleged artificial shortage, the federal government has taken control of sugar stocks across Pakistan. According to the Ministry of Food, around 1.9 million metric tons of sugar stored in private mills have been seized and placed under
Business
On July 31, 2025, the Pakistani Rupee (PKR) appreciated slightly against the US Dollar (USD), closing at PKR 282.87 in the interbank market. This marks a gain of 8 paisa or 0.03% compared to the previous day. Throughout the trading session, the PKR remained mostly stable, with intraday
Government
Pakistan is preparing to step back from its longstanding control over the sugar sector, a decision driven by IMF loan requirements, according to ARY News. Officials said a full deregulation plan has been finalised, leaving the private sector free to handle sugar production and trade. Under the proposed plan, the
Business
The Pakistani government is advancing plans to incorporate cryptocurrency into the financial sector, signalling a potential shift in how digital currencies are viewed and regulated in the country. Sources told Dawn that a top-level meeting held on Tuesday focused entirely on virtual assets. Senior officials, along with representatives from
Business
Gold became cheaper in Pakistan on Tuesday as local rates reflected a drop in the global bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices per tola declined by Rs1,600, reaching Rs354,700. The price for 10 grams also decreased to Rs304,098,
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 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
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
National
Lahore: Following the recent hike in diesel prices, Pakistan Railways has increased fares for passenger trains by 2%, according to an official statement issued on Tuesday. A spokesperson for Pakistan Railways confirmed that the fare hike is effective immediately, citing the rising operational costs due to the surge in fuel
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
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