Business
Pakistan’s GDP growth is projected to remain at 3% in fiscal year 2025–26 before rising to 3.4% in fiscal year 2026–27, driven by a recovery in agricultural production and reconstruction efforts following a series of floods in 2025, the World Bank said. However, Pakistan’s current account deficit is expected to widen in fiscal year 2026-27,…
Gold prices continued their sharp upward trend in both local and international markets on Wednesday, setting a new record for the third consecutive day. In the domestic market, the price of one tola of gold climbed to Rs486,162, marking an increase of Rs4,300 during the day, according to market data. The All Pakistan Gems and…
New Delhi: Mercedes-Benz India on Tuesday announced that it has achieved a major global milestone by becoming the first market outside the United States to start local production of the ultra-luxury Mercedes-Maybach GLS. The move highlights India’s growing importance for the German luxury carmaker and underlines the company’s strong confidence in the country’s appetite for…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Rachel Reeves has confirmed pubs will receive “more temporary support” after an outcry over the impact of an upcoming hike…
Trading at the Pakistan Stock Exchange (PSX) slumped sharply on Wednesday as caution gripped investors amid escalating geopolitical tensions, particularly between the United States and Iran, and fears of a potential US strike on Tehran that have rattled markets and lifted oil prices. The benchmark KSE-100 index fell 1,381.69 points, or 0.75% to close at…
Lahore Electric Supply Company (LESCO) has decided to purchase AMI single-phase smart meters at a cost of billions of rupees. In this regard, approval has been given for the purchase of 240,000 AMI single-phase meters for consumers. The purchase of AMI single-phase meters will cost up to Rs3.5 billion. The company’s Material Management Department has…
Wholesale prices increased in December, with inflation measured by the Wholesale Price Index (WPI) rising to 0.83%. This marks the second consecutive month of upward movement after two months of deflation, official data released on Wednesday showed. The return to positive inflation came after wholesale prices contracted in October and November, when WPI inflation stood…
Federal Minister for Finance and Revenue Senator Mohammad Aurangzeb has said that the government is fully aware of the challenges facing the economy, admitting that some companies are leaving the country due to high taxes and expensive energy. Addressing the Pakistan Policy Dialogue in Islamabad on Wednesday, Senator Aurangzeb, however, said there were 20 new…
Petroleum product prices are expected to fall by up to Rs4.59 per litre from January 16 for the next fortnight. According to estimates prepared by the government and industry sources, petrol may drop by Rs4.59 per litre, high-speed diesel (HSD) by Rs2.70, kerosene by Rs1.82 and light diesel oil (LDO) by Rs2.08 per litre. The…
Finance minister says digital innovation will be pursued in line with regulation and national interest Finance Minister Muhammad Aurangzeb signs a memorandum of understanding with SC Financial Technologies on January 14. — Photo via X/@PakistanVARA Pakistan has signed an agreement with a company affiliated with World Liberty Financial, the main crypto business linked to the…