Pakistan Business

OGDCL receives first interest payment under circular debt resolution plan
Markets

OGDCL receives first interest payment under circular debt resolution plan

The total interest amount of PKR 92 billion will be paid in 12 monthly installments

Pakistan cement sales rise 30% in July
Business

Pakistan cement sales rise 30% in July

Local and export despatches post double-digit growth as new fiscal year kicks off on a strong note, says APCMA

K-Electric launches Pakistan’s first-ever listed short-term retail sukuk
Markets

K-Electric launches Pakistan’s first-ever listed short-term retail sukuk

The debt instrument aims to broaden investor participation, offering tax benefits and ethical investment options

Pakistan links banks’ foreign exchange exposure to capital strength in major regulatory shift
Business

Pakistan links banks’ foreign exchange exposure to capital strength in major regulatory shift

New rule ties Foreign Exchange Exposure Limit to 7.5% of Tier-1 Capital, aiming to curb risk and reward well-capitalized banks with greater FX flexibility

Pakistan’s fuel sales drop 22% in July amid monsoon disruptions and price hikes
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Pakistan’s fuel sales drop 22% in July amid monsoon disruptions and price hikes

Heavy rains, higher taxes, and surging prices drive monthly decline

Despite lower tariffs, Pakistan's competitive edge narrows: report
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Despite lower tariffs, Pakistan's competitive edge narrows: report

Pakistan secures relief in revised trade deal, but parity with Vietnam and Bangladesh limits strategic gains

Pakistan stock market crosses yet another all-time high
Markets

Pakistan stock market crosses yet another all-time high

The development sparked activity in the textile sector and led to appreciable gains in the oil and gas sector

Pakistan inflation measured at 4.1% in July, higher than expectations
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Pakistan inflation measured at 4.1% in July, higher than expectations

The inflation rate in the same month last year was 11.1% and last month, it was 3.2%

Pakistan shuts down Utility Stores across the country
Business

Pakistan shuts down Utility Stores across the country

Utility Stores were government-run retail outlets that offered essential items at subsidized prices

Pakistan mulls removing ban on new gas connections for domestic consumers
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Pakistan mulls removing ban on new gas connections for domestic consumers

The proposed plan involves supplying new domestic consumers with imported LNG, rather than the country’s depleting natural gas reserves

Pakistan to import US crude for first time in landmark energy deal
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Pakistan to import US crude for first time in landmark energy deal

The shipment of one million barrels of WTI Light crude oil will be imported in October under a spot deal with global energy trader Vitol

What do the reduced US tariffs signify for Pakistan?
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What do the reduced US tariffs signify for Pakistan?

The reduction of tariffs is definitely more favorable for Pakistan than India, say analysts

Pakistan cuts petrol prices, raises diesel slightly
Business

Pakistan cuts petrol prices, raises diesel slightly

Government reduces petrol rate by PKR 7.54 per litre amid global oil fluctuations; diesel sees marginal increase

US-Pakistan trade deal may lead to broader strategic partnership: analyst
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US-Pakistan trade deal may lead to broader strategic partnership: analyst

KTrade’s Naveed Vakil says rollback of digital tax, tariff relief, and long-term energy collaboration mark deepening bilateral ties beyond oil

Pakistan removes tax on income earned by foreign digital companies
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Pakistan removes tax on income earned by foreign digital companies

The government has decided that the Digital Presence Proceeds Tax shall not apply to digitally ordered goods and services supplied from outside Pakistan

Analysts support SBP's decision to maintain policy rate at 11%
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Analysts support SBP's decision to maintain policy rate at 11%

Analysts agree that while the economy is moving in the right direction, the next few months will be critical for policymakers

Pakistan stock market rallies after trade deal with US
Markets

Pakistan stock market rallies after trade deal with US

Since the opening bell, the benchmark KSE-100 index was in the positive territory

Pakistan to begin issuing licenses for cryptocurrency trading
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Pakistan to begin issuing licenses for cryptocurrency trading

The move aims to bring greater legitimacy and oversight to virtual asset transactions, which have until now operated in a legal gray area