Economy

Russian pharma company to invest $80 million in Pakistan insulin manufacturing plant
Top Stories

Russian pharma company to invest $80 million in Pakistan insulin manufacturing plant

The project being built with a local partner, is expected to complete by December 2031

Pakistan cuts Gwadar Port tariffs to attract global shipping and transit trade
Top Stories

Pakistan cuts Gwadar Port tariffs to attract global shipping and transit trade

Tariff reductions aim to boost cargo traffic and position Gwadar as a regional trade hub

Pakistan worker remittances rise 11% in April to $3.54 billion
Business

Pakistan worker remittances rise 11% in April to $3.54 billion

Inflows from overseas Pakistanis reached USD 33.86 billion in the first 10 months of FY26

Global prices or tax: Who to blame for Pakistan's fuel hike?
Pakistan

Global prices or tax: Who to blame for Pakistan's fuel hike?

Analysts say the ex-refinery price of diesel nearly doubled since March 1, but government could have cut the tax to ease the burden

DHA Phase 8 Karachi property prices rise 25% as overseas investors return
Top Stories

DHA Phase 8 Karachi property prices rise 25% as overseas investors return

Investment activity has jumped nearly 35% as local and overseas buyers shift focus from Dubai to Karachi

Pakistan to issue first Panda bond next week as minister hails economic recovery
Top Stories

Pakistan to issue first Panda bond next week as minister hails economic recovery

Aurangzeb oil import bill increased by over $1 billion between March and April due to higher oil prices

Pakistan again floats tender for two spot LNG cargoes
Top Stories

Pakistan again floats tender for two spot LNG cargoes

Criticism mounts as government returns to spot market two days after rejecting bids in a previous tender

Petroleum companies hail govt decision to cut captive gas levy by 60%
Business

Petroleum companies hail govt decision to cut captive gas levy by 60%

PEPPCA Secretary-General Ibrar Khan says the cut could revive industrial gas demand and improve energy sector cash flows

Progress on Iran-U.S. ceasefire to set PSX direction next week
Top Stories

Progress on Iran-U.S. ceasefire to set PSX direction next week

The KSE-100 gained 8,122 points during the week ending May 9, settling at 171,116 points

Pakistan hikes fuel prices by up to PKR 15 for one week
Top Stories

Pakistan hikes fuel prices by up to PKR 15 for one week

The new prices will come into effect on May 9.

IMF board approves $1.32 billion funding for Pakistan
Top Stories

IMF board approves $1.32 billion funding for Pakistan

Pakistan has now received approximately $4.8 billion since the loan program began in September 2024

Forex traders urge Pakistan govt to recognize remittances as export earnings
Business

Forex traders urge Pakistan govt to recognize remittances as export earnings

ECAP met Senate finance committee members to push for regulatory reforms before the upcoming budget

Pakistan’s EV revolution has a new face — women
Pakistan

Pakistan’s EV revolution has a new face — women

Watch how a CEO's vision is transforming Pakistan's electric bikes manufacturing ecosystem by training women and putting them on the assembly lines along with men

Stability over growth; SBP’s tough yet right interest rate call
Research

Stability over growth; SBP’s tough yet right interest rate call

The 100-basis-point hike, lifting the benchmark policy rate to 11.5%, wasn't driven by domestic mismanagement, rather from a conflict still burning in the region

Pakistan rejects lowest LNG bids amid hopes of Strait of Hormuz reopening
Top Stories

Pakistan rejects lowest LNG bids amid hopes of Strait of Hormuz reopening

Seven spot cargo offers received as Middle East tensions disrupt supply and push prices above USD 16.9 per mmbtu

Millat Tractors affiliate explores electric bike production in Pakistan
Business

Millat Tractors affiliate explores electric bike production in Pakistan

The company says the matter is still at a preliminary stage.

Pakistan’s top court strikes down deemed income tax on property
Top Stories

Pakistan’s top court strikes down deemed income tax on property

Property owners are now entitled to refunds after the court declares Section 7E of the Income Tax Ordinance unconstitutional

Pakistan expands Treasury Single Account system for better cash control
Business

Pakistan expands Treasury Single Account system for better cash control

More government bodies added as reforms centralise idle funds and move payments toward digital systems

IMF seeks end to power subsidy under 200 units in Pakistan
Top Stories

IMF seeks end to power subsidy under 200 units in Pakistan

Government to phase out broad electricity subsidies by 2027, shift toward targeted relief for low-income households linked to national registry system