Pakistan repays $1 billion loan to Industrial and Commercial Bank of China in March
Another $300 million Chinese loan due next month as Pakistan seeks refinancing amid shrinking reserves
IMF allows Rs1 per unit electricity price cut in exchange for off-grid gas levy
Fund gives approval for electricity relief, but industries face higher gas charges; court suspends levy
Pakistan, Russia reaffirm commitment to strengthening economic ties
ISLAMABAD: On the sidelines of Boao Forum for Asia (BFA) Conference, Pakistan and Russia on Thursday reaffirmed commitment to strengthening economic and...
FBR updates customs values for lead acid batteries imports
ISLAMABAD: The Federal Board of Revenue (FBR) has revised the customs values for the import of lead acid batteries used in vehicles,...
Pakistan’s foreign exchange reserves drop by $540 million amid debt repayments
ISLAMABAD: Pakistan's liquid foreign exchange reserves have decreased by $540 million, reaching $15.55 billion as of March 21, 2025, primarily due to...
Huawei’s ICT training program to help boost IT exports, create jobs: PM
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday said that
Huawei's Information and Communication Technology training program for Pakistani youth would help boost the...
392 substandard seed companies closed
ISLAMABAD: In a decisive move to uphold agricultural standards, Federal Minister for National Food Security and Research, Rana Tanveer Hussain, chaired the...
CCP approves Engro’s acquisition of Jazz’s tower business in $563 million deal
The Competition Commission of Pakistan (CCP) has approved Engro Corporation’s acquisition of Deodar (Pvt.) Ltd., the tower subsidiary of Pakistan Mobile Communications...
PSX ends flat after volatile session, gains 34 points
Market reacts to IMF deal, sectoral shifts shape sentiment
KSE-100 firms report Rs1.62trn in earnings and Rs750bn in cash dividends for 2024
In dollar terms, profits stand at $5.8 billion, down 1% from the previous year; Profitability rises in banking, fertilizer, cement, and automobile sectors; E&P sector faces decline
IMF mission to visit Pakistan in early May to finalise next budgetÂ
Exact dates of the visit are yet to be confirmed; mission’s purpose is to discuss the next budgetary framework especially revenue target
Pakistan, IMF agree on Rs3-5 per litre carbon levy imposition under new deal: report
Carbon levy revenue to be directed towards climate-related initiatives; automobile sector to see a reduction in trade tariffs from 10.5% to 6% until FY2030
Govt projects Rs 3.5 trillion in savings from revised contracts with 29 IPPs, GPPs
Savings will occur over three to 20 years, expected to reduce circular debt from Rs 2.4 trillion to Rs 400-450 billion; tariff adjustments pending Nepra approval
Govt puts brakes on solar net-metering amendments, wider stakeholder consultations ordered
Prime minister simply wants a wider consultation process to make the decision more representative and inclusive, says power minister
Pakistan’s GDP grows by 1.73% in Q2 FY2024-25 despite industrial decline
PBS data shows agriculture and services sectors grow by 1.1% and 2.57% respectively, while industry contracts by 0.18% in the second quarter