Pakistan’s foreign exchange reserves slip by $111 million
SBP cites external debt repayments for $72 million fall; commercial banks shed $39 million
PSX hits new record high amid strong economic outlook and robust corporate earnings
Benchmark KSE-100 Index closes at a new all-time high, buoyed by strong institutional inflows
NAB sells Bahria Town properties to recover outstanding amounts
Effort to recover funds through auction continues as Bahria Town’s assets are sold
Pakistan to Import Nigerian Bonny Light Crude for the first time
Pakistan shifts towards alternative oil sources as it faces increasing Middle Eastern oil costs
Punjab replaces 66-year-old property tax system with new capital value-based regime
New system, effective January 2025, aims to improve transparency, efficiency, and revenue collection without burdening taxpayers
Govt’s efforts to bring down dollar rate falter as market forces push back: report
Crackdown on dollar smuggling leads to minor depreciation, but currency shortages persist; Forex Association president sees no shortageÂ
FBR must consult business representatives before making arrests in tax fraud cases
New guidelines slow down enforcement actions, prompting concerns over leniency toward traders
Pakistan’s 7th Agricultural Census shows 97% of farmers own less than 12.5 acres of landÂ
Census reveals only 16,958 landlords own more than 100 acres of land, accounting for 6.2% of the total agricultural land
PM Office directs officials to ensure Raast QR codes at all retail outlets by August 31
Federal and provincial authorities tasked with implementing digital payment infrastructure for cashless economy
Trump doubles tariffs on India over Russian oil imports
White House links energy trade to Ukraine war as US-India ties hit new low
FIA uncovers Rs1.12bn laundering trail, Bahria Town files appeal in Supreme Court
Minister alleges hospital used to launder cash, while Malik Riaz calls for dialogue and firm challenges property auction
Pakistan and Iraq launch direct ferry link to boost trade and pilgrimage routes
New maritime corridor between Gwadar and Umm Qasr aims to deepen economic ties, streamline religious tourism, and position Pakistan as a regional ferry hub
PSX hits new record high, KSE-100 Index surpasses 145,000
Market sees a surge, with key sectors showing strong performance amid positive investor sentiment
Pakistan’s Faceless Customs Assessment System breached, clearing banned goods worth Rs10.5 billion
Audit uncovers Rs38 billion in revenue losses due to violations, including the clearance of restricted items and massive duty evasion through FCA system
Transparency International says some branded medicines in Pakistan cost up to 4,000% more than generics
Transparency International Pakistan urges government to implement generic medicine policy to address significant price disparities between branded and non-branded drugs