FinMin seeks industry cooperation to extend digital monitoring from sugar, cement sectors ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting on Tuesday with a high level delegation representing Pakistan’s textile and apparel sector, which presented a comprehensive set of proposals for the Federal Budget 2026 27 aimed at strengthening the…
Minister seeks Gulf partnership to build emergency storage after war exposes vulnerability ISLAMABAD: Pakistan has offered Kuwait the opportunity to build strategic oil reserves in the country to address any future war like situation. At present, Pakistan has no strategic reserves. A United Arab Emirates (UAE) firm, ADNOC, has built such reserves in India, and…
KARACHI: Auto sales (cars, LCVs, vans, jeeps and EVs) clocked in at 22,000 units in April 2026, up 108% year-on-year (YoY), according to data released by the Pakistan Automotive Manufacturers Association (PAMA) and analysed by Arif Habib Limited (AHL) in a report released on Wednesday. On a cumulative basis, 10MFY26 sales increased 49% YoY to…
ISLAMABAD: The government reported on Tuesday that petroleum levy collection jumped by Rs371 billion, or 45%, during the first nine months of this fiscal year, as the International Monetary Fund (IMF) projects that Pakistan’s fiscal performance will be even better than in the pre war period. The federal government’s nine month petroleum levy collection amounted…
KSE-100 gains over 672 points in early trade; slumps over 900 points by midday as investors resort to profit-taking A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: Pakistan equities witnessed…
SBP warns of structural weaknesses as exports, productivity lag; firms profiteering keeps inflation sticky KARACHI: Pakistan’s economic recovery remains heavily dependent on domestic consumption, imports and remittance inflows rather than exports and productive investment, with the State Bank of Pakistan (SBP) warning that deep rooted structural weaknesses continue to threaten sustainable growth. “It has become…
KARACHI: Gold prices in Pakistan rose sharply on Tuesday despite weakness in the international bullion market, as geopolitical tensions surrounding Iran and concerns over rising global inflation continued to drive uncertainty in commodity markets. In the local market, the price of gold per tola increased by Rs4,100 to settle at Rs492,462, according to rates issued…
Brent drops to $106, WTI to $101 as fragile Iran ceasefire, Trump-Xi summit fuel market uncertainty An oil tanker anchors near the oil hub of the port of Fos-Lavera at sunset near Marseille, southern France. PHOTO: REUTERS Oil prices fell on Wednesday, snapping a three-day rally as investors awaited developments around the fragile Middle East…
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday witnessed a mixed yet largely negative session as investors remained cautious amid geopolitical uncertainty surrounding US-Iran peace negotiations. After commencing trading on a firm footing, the benchmark KSE-100 index moved higher in early trade as renewed buying interest pushed the market to the intra-day high of 171,571.56…
LAHORE: Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Tuesday announced that no new imported fuel-based Independent Power Producers (IPPs) would be established in the country, while the government plans to shift 10 million electricity consumers to Advanced Metering Infrastructure (AMI) meters during the current year. Addressing a workshop on power-sector fundamentals…