Business & Economy
Pakistan Business News
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PM directs timely completion of FBR tax reforms, third-party audits
During a weekly review, officials reported that a 'faceless assessment' system in the customs sector has increased average revenue per Goods Declaration by 12% in the first half…
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FESCO Privatisation: 10 Bidders Prequalified, Names Revealed
The Privatisation Commission has revealed the names of the 10 parties prequalified to bid for the Faisalabad Electric Supply Company (FESCO).
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SECP launches unified digital framework for easier stock market investment
The SECP has clarified that the new framework standardises requirements across brokers, asset managers, and insurers.
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Government Announces Marginal Cut in Petrol, Diesel Prices
The government has provided a breakdown of the components in the new fuel prices, confirming a Petroleum Levy of Rs 80 per litre and a Climate Support Levy…
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Pakistan explores stablecoins for remittances, digital bonds with Hong Kong
PVARA Chairman Bilal bin Saqib said Pakistan is exploring regulated stablecoins for remittances, which could save the country around $400 million annually.
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Saudi Group Expresses Keen Interest in Pakistan’s Airport Privatization
Saudi Arabia's Asyad Group has expressed keen interest in participating in Pakistan’s upcoming airport privatisation process, its CEO Ghassan Ahmed Amodi told…
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Iranian Rial Hits Record Low Against US Dollar Amid Sanctions
The Iranian Rial has fallen to a historic low against the US dollar, with the exchange rate now exceeding 2 million rials per dollar.
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Canada hits US goods with retaliatory tariffs up to 50 percent
Canada has announced retaliatory tariffs of up to 50% on approximately 700 US products, escalating a trade war between the two neighbouring countries.
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Government increases dealer margins on petrol and diesel
The federal government has increased the profit margin for petroleum dealers on both petrol and high-speed diesel by Rs 1.34 per litre.
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Gold price in Pakistan increases by Rs 5,200 per tola
The price of 24-karat gold rose by Rs 5,200 on Friday to settle at Rs 477,136 per tola, while silver increased by Rs 210 to Rs 7,379 per…
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