Business
FBR Sets New Customs Values on Imported Branded Mineral and Sparkling Water
The Directorate General of Customs Valuation Karachi has revised customs values for the import of eight categories of branded mineral and sparkling water. Officials confirmed that the updated rates are now applicable under a fresh valuation ruling. The revision has been issued through Valuation Ruling No. 2049 of 2026. Authorities stated that the move aims […]
ECC Approves Sale of 500,000 Tons of Old Wheat Stock at Revised Prices
The Economic Coordination Committee (ECC) of the Cabinet has approved the sale of 500,000 metric tons of old wheat stock held by the Pakistan Agricultural Storage and Services Corporation. The decision aims to reduce storage pressure and minimize carrying costs amid shifting market conditions. During its meeting on Tuesday, the Economic Coordination Committee agreed to […]
Pakistani Rupee Extends Rally, Gains for 105th Straight Day Against US Dollar
The Pakistani rupee (PKR) continued its upward momentum on Monday, closing in the green against the United States Dollar for the 105th consecutive trading session. The sustained appreciation marks one of the longest winning streaks recorded by the local currency in recent years. By the end of the trading day, the rupee settled at 279.55 […]
Deadline Set for Islamabad Electric Tram Feasibility Study
Federal Interior Minister Mohsin Naqvi has directed authorities to complete a feasibility study for a proposed electric tram service in Islamabad within three months. The directive was issued during the inauguration of a new electric bus depot and charging stations at Zero Point. The event marked another step in the federal government’s push toward sustainable […]
Electricity Prices in Pakistan Likely to Rise Under Monthly Fuel Cost Adjustment
Electricity consumers across Pakistan may soon face higher power bills as a request has been filed with the National Electric Power Regulatory Authority (NEPRA) seeking an increase in tariffs under the monthly fuel cost adjustment (FCA) mechanism. According to details, the petition proposes a hike of Rs. 1.78 per unit, which, if approved, will be […]
Millat Tractors Reports 20% Drop in Profit for First Half of FY26
Millat Tractors Limited (MTL) has announced its financial results for the first half of FY26, reporting a 20 percent year-on-year decline in profit after tax. The company posted a PAT of Rs. 2.92 billion compared to the same period last year, reflecting pressure on earnings amid challenging market conditions. For the second quarter of FY26 […]
PSX Plunges Over 5,000 Points as Investor Panic Triggers Market Sell-Off
Pakistan’s stock market faced a dramatic downturn as intense selling pressure gripped the trading floor. The benchmark Pakistan Stock Exchange witnessed one of its sharpest single-session declines in recent months, reflecting heightened investor anxiety. The KSE-100 Index dropped by 5,149 points, registering a 2.87 percent decline to close at 174,453 points. The steep fall underscores […]
Govt Announces Rs. 13,000 Cash Support for Each Deserving Family Under Ramazan Relief Package
Prime Minister Shehbaz Sharif has unveiled a Rs. 38 billion Ramazan Relief Package aimed at providing direct financial assistance to deserving families across the country. The initiative covers beneficiaries in all four provinces, as well as Gilgit-Baltistan and Azad Jammu and Kashmir. Speaking at the launch ceremony of the PM Ramazan Package 2026, the prime […]
Islamabad Bans Vendors and Beggars Outside Mosques, Tightens Security Measures
Authorities in the federal capital have introduced stricter security protocols around mosques following formal requests from local administrations. The move comes after mosque committees sought enhanced protection measures to ensure the safety of worshippers. In an official response, the Islamabad Police directed that at least one armed security guard must be deployed at mosques during […]
Engro Fertilizers’ 2025 Profit Falls 20% Despite Higher Sales
Engro Fertilizers Limited (PSX: EFERT) has reported a 20 percent year-on-year (YoY) decline in profit-after-tax (PAT) for 2025, even as sales volumes remained strong. According to the company’s financial results, PAT stood at Rs. 22.6 billion (EPS: Rs. 16.95) for the full year 2025, reflecting a notable drop compared to the previous year. 4Q2025 Performance […]