Business

PAC expresses displeasure over non-production of report on sugar prices

PAC expresses displeasure over non-production of report on sugar prices

Business /

ISLAMABAD: The Public Accounts Committee has expressed displeasure anger over the non-production of a report on sugar prices and has summoned the secretaries of industries, food security and commerce. A meeting was held in Islamabad under the chairmanship of Chairman PAC, in which the Public Accounts Committee expressed anger over the non-presentation of a report […]

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Strategic cooperation to boost Pakistan-China ties: Chinese Envoy

Strategic cooperation to boost Pakistan-China ties: Chinese Envoy

Business /

ISLAMABAD: Chinese Ambassador to Pakistan, Jiang Zaidong, says strategic cooperation will boost mutual benefits. Speaking at the Esthetic Bridge exhibition inauguration at the Silkroad Culture Center in Islamabad, he highlighted CPEC’s impact. He said CPEC has strengthened Pakistan’s development over the past 11 years. He added that CPEC has now entered a new phase. This

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PM Shehbaz thanks Trump for recognising Pakistan’s role in counter terrorism

Pakistan has overcome economic challenges: Prime Minister

Business, Khyber Pakhtunkhwa /

ISLAMABAD: Prime Minister Shahbaz Sharif on Sunday asserted that Pakistan has achieved economic stability through relentless efforts, while institutional reforms and systemic rectifications are in progress to ensure long-term national progress. In his Pakistan Day message, the Prime Minister honoured the country’s founding leaders, emphasising the historic Lahore Resolution of 1940, which paved the way

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What’s the official launch date for Honda’s electric bikes in Pakistan?

What’s the official launch date for Honda’s electric bikes in Pakistan?

Business /

ISLAMABAD: Atlas Honda, Pakistan’s largest motorcycle manufacturer, will launch its first electric bikes in Pakistan by June 2025. The company aims to maintain its dominant position in the local motorcycle market, where it holds 85% of the share. Despite government incentives, Pakistan’s electric two-wheeler market remains small, with EV bikes making up less than 1%

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Gold prices climb in global, local markets for third consecutive day

After hitting record high, gold price per tola falls Rs2,000 in Pakistan

Business, Gold Rate /

After several days of steady increases, gold prices in both international and local markets saw a decline on Friday. In the global bullion market, gold fell by 19 to 3,031 per ounce. This drop in international prices also impacted local markets, where gold per tola decreased by Rs2,000 to Rs318,800. Similarly, the price of ten grams of

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Gold prices surg for second consecutive day in Pakistan, here is latest rates

Gold surges to record Rs319,000 per tola

Business, Gold Rate, National /

Gold prices continued their upward trajectory in both domestic and international markets, reaching new record highs on Thursday. In Pakistan, the price per tola surged by Rs1,650 to Rs319,000, while the price of 10-gram gold rose by Rs1,415 to Rs273,491, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This follows a Rs2,550 increase

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Pakistan foreign exchange reserves Pakistan’s Total Foreign Reserves Reach $16.02 Billion

Pakistan’s total foreign reserves reach $16.02 billion

Business, National /

The State Bank of Pakistan’s (SBP) announced on Thursday  that the country’s foreign exchange reserves increased by 49 million during the business weekend of March 14,reaching11.15 billion. The latest data released by the central bank showed that the nation’s total liquid foreign reserves stood at 16.02 billion,with commercial banks holding  with 4.87 billion in net reserves.

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Pakistan Plans to Legalize Cryptocurrency, Becoming South Asia’s First Crypto-Regulated Nation

Pakistan to legalize Crypto to attract foreign investment

Business, National /

ISLAMABAD: Pakistan’s government is taking steps to legalize digital currencies and establish a regulatory framework to position the country as a hub for blockchain-based financial systems and attract international investment, according to Bilal Bin Saqib, the newly appointed Chief Advisor to the Finance Minister on the Pakistan Crypto Council. In an interview with Bloomberg TV,

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KSE-100 hits record high as hopes rise for $1 billion IMF  tranche

KSE-100 hits record high as hopes rise for $1 billion IMF tranche

Business /

KARACHI: Pakistan’s benchmark stock index, PSX, continued its bullish run on Thursday, hitting an all-time high. Investors showed strong confidence as hopes grew for a $1 billion IMF loan tranche. The KSE-100 index surged 1,330.22 points, reaching a new peak of 119,304.24 during intraday trading. This marked a 1.13% increase. A day earlier, the index

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World Bank approves $102 million loan for Pakistan's microfinance sector

World Bank approves $102 million loan for Pakistan’s microfinance sector

Business /

ISLAMABAD: The World Bank has approved $102 million for the Resilient and Accessible Microfinance (RAM) Project. This initiative aims to expand microcredit access and strengthen the microfinance sector. It also helps borrowers, especially in rural areas, cope with climate-related shocks. The project will benefit around 1.89 million people, including over 1 million women and 350,000

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