Business Desk

Business Desk

The Business Desk tracks economic trends, market movements, and business developments, offering analysis of both local and global financial news.

Pakistan to keep electricity subsidies for protected consumers under new registration system
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Pakistan to keep electricity subsidies for protected consumers under new registration system

Energy Minister Awais Leghari confirms electricity subsidies for protected consumers will continue via QR-based registration as power reforms cut tariffs and reduce debt.

FBR to miss May tax target by PKR 190B, FY26 shortfall nears PKR 860B
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FBR to miss May tax target by PKR 190B, FY26 shortfall nears PKR 860B

Sales tax collection fell short by PKR 382 billion, income tax by PKR 210 billion in FY26

IEA, IMF, World Bank, WTO warn Middle East war is draining global oil inventories
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IEA, IMF, World Bank, WTO warn Middle East war is draining global oil inventories

The heads of four global agencies met to discuss the war's energy, trade, and economic impacts

Pakistan cuts petrol, diesel prices by PKR 22 for one week
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Pakistan cuts petrol, diesel prices by PKR 22 for one week

The new rates will take effect on May 30

SBP ramps up dollar buying with $5.8 billion in 8 months
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SBP ramps up dollar buying with $5.8 billion in 8 months

Central bank's net interbank dollar buying since June 2024 has now crossed $14 billion

JS Bank lifts stake in TRG Pakistan to 29.33% after PKR 5.12 billion share acquisition
Markets

JS Bank lifts stake in TRG Pakistan to 29.33% after PKR 5.12 billion share acquisition

JS acquires 81.35 million shares through enforcement of security, becoming largest shareholder in TRG