Business

Pakistan-IMF talks on budget proposals to begin from Monday

Business, National /

ISLAMABAD: Policy-level discussions between Pakistan and the International Monetary Fund (IMF) on the upcoming fiscal year 2025-26 budget proposals are scheduled to begin tomorrow (on Monday) and will run through May 23. These talks follow the conclusion of technical-level negotiations last week and are intended to finalize critical components of the fiscal framework ahead of […]

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Inverex introduces Pakistan’s cheapest electric vehicle

Business /

Pakistan’s electric vehicle landscape just got more exciting as Inverex unveils its first-ever EV — the XiO— a compact, feature-packed hatchback designed for urban commuters. With three variants offering different ranges and competitive pricing, the XiO aims to make electric mobility accessible to more Pakistani drivers. Three Variants, Three Price Points Inverex has introduced the

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

Pakistan’s foreign reserves grow by $71 million, total reaches $15.6 billion

Business, National /

Pakistan’s foreign reserves have increased by $71 million over the past week, according to the State Bank of Pakistan. The government’s reserves now stand at $10.403 billion, while commercial banks hold $5.217 billion, bringing the nation’s total reserves to $15.613 billion as of May 9. The figures are expected to rise further when the $1.23

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Pakistan proposes zero-tariff bilateral trade agreement to US

Business, National /

ISLAMABAD:Pakistan has formally proposed a zero-tariff bilateral trade agreement with the United States, aiming to strengthen economic ties across multiple industries, The Express Tribune reported, citing government sources. The offer follows recent discussions where the US president signaled interest in expanding trade with Pakistan. Under the proposed deal, both nations would eliminate tariffs on select

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petrol prices

No change in petrol price, diesel gets cheaper in new fuel adjustment

Business, National /

The Federal Ministry of Finance has issued new petroleum prices, maintaining the current rate for petrol while reducing the price of high-speed diesel. According to the official notification, the price of petrol will remain unchanged at Rs 252.63 per liter. However, high-speed diesel has become cheaper by Rs 2 per liter, with its new price

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Government announces reduction in petrol, diesel prices

Govt proposes Rs 1million fine for petrol pumps dealing in smuggled fuel

Business, National /

ISLAMABAD: The federal government has introduced a bill in the National Assembly to amend the Petroleum Act 1934, imposing strict penalties to curb smuggling and illegal trade of petroleum products. Under the proposed law, petrol pumps found with smuggled fuel will face confiscation or a fine of Rs 10 million. The amendment mandates deputy and

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PM Shehbaz convenes cabinet meeting today

PM Shehbaz orders strict action against tax evasion, expands digital monitoring

Business, National /

Prime Minister PM Shehbaz Sharif chaired a high-level meeting on tax reforms, directing authorities to bring all eligible individuals and sectors into the tax net while taking strict action against tax evaders and officials facilitating them. He emphasized that broadening the tax base remains a top priority to eventually reduce tax burdens on the public.

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