Pakistan pushes green financing for EVs as banks, government align on access and affordability
New joint working group to design EV loan schemes under green taxonomy as officials urge provinces, automakers to support inclusive electric mobility
PSX rallies with KSE-100 Index up by 1,644.56 points amid market rebound
Investor optimism and sectoral strength led the KSE-100 to close 1.18% higher on Friday, with oil and gas stocks showing strong gains
Pakistan’s inflation rises to 4.1% in July 2025
Inflation sees an increase compared to June 2025, with significant year-on-year and month-on-month growth, according to PBS data
Pakistan-US trade deal seen as neutral, better than India but on par with Vietnam and Bangladesh: report
Deal will help Pakistan to remain only competitive with direct competitors, albeit no significant advantage over peers, forecasts Topline Securities
Trump tariff slashed to 19% from 29% on Pakistani goods after trade deal
Analysts believe new tariff expected to boost Pakistan’s textile exports
Pakistan to get first US oil shipment as Cnergyico seals import deal: report
Deal diversifies crude sourcing, reduces reliance on Middle Eastern suppliers; Cnergyico may import at least one US crude cargo per month, plans refinery upgrades
Govt takes control of sugar stocks, places 18 mill owners on ECL
1.9 million metric tons of sugar now under direct government supervision with FBR officials deployed at sugar mills and warehouses nationwide.
Trump hits dozens of countries’ goods with steep tariffs
India faces 25% tariff, Mexico avoids 30% tariff on non-automotive, non-metal goods; Canada hit with 35% tariff; Brazil faces 50% tariff with some exclusions; China trade deal still pending as August 12 deadline approaches
FBR surpasses July revenue target with Rs755 billion collection
Sales tax collection hits Rs302 billion, customs duty reaches Rs106 billion, but income tax falls Rs15 billion short of target
Rs111 billion penalty imposed on 13 solar panel import companies for money laundering
Customs Adjudication Authority exposes network involved in laundering Rs 120 billion through over-invoicing; 45 individuals implicated
Petrol price cut by Rs7.54, diesel up slightly by Rs1.48
Revised rates effective August 1 for next fortnight
Power sector’s Rs1.6 Trillion black hole: Government races to plug the gap
The government is likely to disburse Rs1.275 trillion in the coming week to settle the outstanding dues
Pakistan’s forex reserves drop by $310 million to $19.6 billion
SBP and commercial banks both post declines as reserves fall 1.56% during the week ending July 25
LPG price slashed by Rs209 per cylinder for August
Rs209 relief for households as OGRA cuts LPG prices amid global slump
Mobile phone sales in Pakistan decline by 12% in FY 2024-25, local assembly holds strong
Local manufacturing remains resilient despite overall decline in mobile phone sales