Business
Pakistan’s Foreign Exchange Firms Report Decline in Dollar Sales
Pakistan’s foreign exchange companies have reported a notable decline in dollar sales to banks during the first quarter of fiscal year 2026, reflecting growing pressure on the currency market amid tightening dollar liquidity and slower remittance inflows. According to data released by the Exchange Companies Association of Pakistan (ECAP), exchange firms sold $646 million to […]
IMF to Receive Briefing on Pakistan’s New National Tariff Policy Today
The International Monetary Fund (IMF) delegation currently in Pakistan will be briefed today on the macroeconomic implications of the country’s newly introduced National Tariff Policy 2025–2030, according to official reports. The meeting aims to provide the global lender with a comprehensive understanding of the policy’s expected impact on trade, fiscal management, and industrial growth. The […]
IMF Dismisses Pakistan’s Marginal Power Subsidy Plan for Industry
The International Monetary Fund (IMF) has reportedly rejected a proposed energy relief package from Pakistan’s Ministry of Energy that sought to offer surplus electricity to industrial sectors at marginal cost. According to informed sources, the proposal involved providing up to 8,000 megawatts of surplus electricity to industries — specifically AI, data mining, and manufacturing — […]
Bank Makramah Limited Accelerates Recapitalization with Major Capital Injections and Strategic Asset Sale, Signaling Robust Future Growth
Karachi, July 4, 2025 – Bank Makramah Limited (BML) is making significant strides in its recapitalization efforts, reinforcing its commitment to long-term financial stability and growth. This progress is supported by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah, BML’s esteemed Sponsor. This amount, to be recorded as an advance […]
BRT Peshawar Fares Revised: Commuters to Pay More from July
In a significant update for Peshawar’s public transit users, TransPeshawar has announced a fare hike for the Bus Rapid Transit (BRT) system, effective July 1, 2025. The updated fare plan was finalized during a session of the company’s Board of Governors, marking the first fare revision in several years. Under the new structure, the per-stop […]
Xiaomi and Gran Turismo announce partnership
Lahore, Pakistan, June 16, 2025 — Xiaomi and Polyphony Digital today announced a landmark partnership at Round One of the Gran Turismo World Series 2025. Under this collaboration, Xiaomi SU7 Ultra — Xiaomi EV’s top-of-the-line high-performance luxury electric vehicle — will debut in the globally acclaimed racing simulator Gran Turismo 7, for PlayStation 4 and […]
Budget 2025-26: Construction Sector and Overseas Pakistanis Poised for Key Concessions
The upcoming federal budget for 2025-26 is shaping up to offer substantial relief to the construction sector and overseas Pakistanis, reflecting a broader strategy to bolster economic activity and encourage remittances into Pakistan’s real estate market. Prime Minister Shehbaz Sharif has reportedly directed top officials to prioritize these areas. According to information from the Federal […]
Pakistan’s Economy on Path to Recovery, Finance Minister Highlights Reforms
Finance Minister Muhammad Aurangzeb on Economic Progress Pakistan’s economy is moving towards stability and growth, thanks to the government’s strategic fiscal policies, according to Finance Minister Muhammad Aurangzeb. Speaking at the AlUla Conference for Emerging Market Economies in Saudi Arabia, Aurangzeb reiterated the government’s commitment to necessary policy reforms. His remarks came during a panel […]
Driving Real Estate Growth: GT Properties Brings Expertise to Etihad Town Investment
In an exciting development for the real estate sector, GT Properties, the trusted strategic salespartner of Etihad Town, is now making its mark in Lahore & Sialkot. Known for its innovative, secure, andprofitable investment solutions in Lahore, GT Properties is bringing its wealth of expertise to thisthriving city. As the exclusive sales partner for Etihad […]
Pakistan’s Business Confidence Shows Signs of Recovery: OICCI Survey
Business Confidence Rises Despite Economic Challenges The Overseas Investors Chamber of Commerce and Industry (OICCI) has unveiled the findings of its latest Business Confidence Index (BCI) Survey, conducted during October and November 2024. The results indicate a remarkable improvement in Pakistan’s business environment, with the index climbing by 9 percentage points since the last survey […]