Business
ISLAMABAD: Special Assistant to the Prime Minister Haroon Akhtar Khan on Wednesday said the government was planning to reduce taxes on industries and that the electricity tariff would be lowered soon. Addressing a news conference, Mr Khan
Business
ISLAMABAD: Foreign assistance inflows to Pakistan increased by more than 25 per cent to $4.5 billion in July-December 2025-26, mainly on the back of programme support of the International Monetary Fund (IMF). The total inflows (excluding IM
Business
Eyeing deeper strategic cooperation in the home entertainment sector, Japan’s Sony Corp announced on Tuesday that it had reached an initial agreement with China’s home appliance heavyweight TCL Electronics Holdings Ltd for the establishment of a j
Business
Pakistan’s local mobile phone manufacturing and assembly sector recorded a contraction in December 2025, according to data released by the Pakistan Telecommunication Authority (PTA). This slowdown is on account of weak consumer demand amid
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The initial public offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL) entered its book-building phase on Wednesday, with bidding to continue until tomorrow, according to the
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Business
KARACHI: The yellow metal continued to shine in the world market, pushing domestic 10-gram and one-tola rates to a new all-time high of Rs423,235 and Rs493,662 on Tuesday, up by Rs3,686 and Rs4,300, respectively. According to the rates issu
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KARACHI: The depreciation of the US dollar against the rupee has reached a point where its multidimensional negative impacts could hit the economy, industry sources warned. After slipping below Rs280 on Monday, the greenback was trading at
Business
KARACHI: The outstanding auto loans grew for the 13th consecutive month, reaching Rs319 billion at the end of December 2025 from Rs318bn in November, State Bank of Pakistan (SBP) data revealed. The December 2025 growth appears slow compare
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KARACHI: AnticipÂation of an interest rate cut at the upcoming monetary policy meeting continued to fuel broad-based value hunting on Tuesday, as investors brushed aside a widening current account deficit and a sharp fall in foreign investment to
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ISLAMABAD: The Oil and Gas Development Company Ltd (OGDCL) on Tuesday announced discovery of major oil and gas reserves at its existing exploratory well in Kohat District of Khyber Pakhtunkhwa. In a statement, the OGDCL, which is the opera
Business
ISLAMABAD: PakÂistan has urged Indonesia to finalise a memorandum of understanding (MoU) for rice exports on a government-to-government (G2G) basis at the earliest. The issue was among those discussed during a meeting between Commerce Minis
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ISLAMABAD: The 306-kilomtre Sukkur-Hyderabad Motorway (M-6) worth $1.7 billion on TuesÂday got a boost after Pakistan and Jeddah-based Islamic DevelÂopment Bank (IsDB) entered into three financing agreements worth $603 million. The two side
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Pakistan recorded 8,488 gigawatt-hours of power generation in December 2025, marking a nine per cent increase compared to the same month last year, according to data released by the National Electric Power Regulatory Authority (Nepra). Outp
Business
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