Business
Pakistan’s Trade Deficit Widens 39% to $12.7bn in July–October as Exports Fall, Imports Surge
Pakistan’s trade deficit widened sharply to $12.7 billion in the first four months of FY26, with falling exports and rising imports putting fresh pressure on the external account. The latest Pakistan Bureau of Statistics (PBS) data shows the gap expanding…
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New Airline Launch Declared by Karachi’s Business Community
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KARACHI: The aviation industry of Pakistan has taken a significant leap forward with the announcement of the introduction of a new airline, ‘Air Karachi,’ by…
PSX Surges to Record High, Posts Largest Single-Day Gains in Five Months
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The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, as the KSE-100 index skyrocketed by 3,359 points, registering a 3.59% surge and closing…
Meezan Bank and Bank Alfalah Withdraws Controversial Fee on High-Balance Accounts
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Meezan Bank Limited and Bank Alfalah immediately withdrew their recently introduced 5% monthly fee on high-balance accounts. The decision, which was announced in an official…
EV Adoption May Cost Pakistan $5.68 Billion in Fuel Tax Revenue
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A new study from the Asian Development Bank (ADB) titled “Road Maintenance Financing and Cost Recovery Options” predicts that Pakistan’s road infrastructure will take a…
13.6% Fall in Pakistan’s Mobile Imports in FY25’s Early Period
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During the first four months of the current fiscal year 2024-25, the government imported mobile phones worth $420.799 million. This represents a decrease of 10.46%…
IDEAS 2024 Achieves $36 Billion in Defense MoUs with Global Partners
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Karachi: Pakistan has executed 82 Memoranda of Understanding (MoUs) with favorable nations to export defense products and equipment valued at $30 billion. These consist of…
PSX Hits New Heights, Surges by 1,800 Points to Cross 97,000
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On Thursday, the Pakistan Stock Exchange (PSX) 100 Index surged by 1,781.94 points, or 1.86%, closing at 97,328.39 points, up from 95,546.45 points the previous…
DISCOs Report Rs. 239 Billion Loss with Improved Collection Rates
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Electricity distribution companies (DISCOs) have reported a loss of Rs. 239 billion in the first quarter of FY 2024-25, reflecting an improvement compared to the…
SECP Raises Company Registration Fees in Pakistan
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The Securities and Exchange Commission of Pakistan (SECP) has significantly increased the fees for business registration and document submissions under the Companies Act 2017. The…
Only 26% of Women Entrepreneurs in Pakistan Have Bank Accounts, Says SBP Governor
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At the Women Entrepreneurship Day (WED) event on Tuesday (November 19), Jameel Ahmad, governor of the State Bank of Pakistan (SBP), pointed out that women…
Finance Ministry Held Responsible for PIA’s Failed Bid
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ISLAMABAD: Privatization Minister Abdul Aleem Khan stated on Monday that Pakistan International Airlines (PIA) could not be sold due to a lack of cooperation from…
Banks to Support Financing for EVs, Energy-Efficient Homes, and SMEs with Improved Data Access
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Islamabad: Pakistan’s banking sector has pledged to support the financing of energy-efficient households, electric vehicles, and small and medium enterprises (SMEs) to enhance financial inclusion.…
Travel Restrictions Enforced on Pakistani Businessman Shahid Abdullah
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Shahid Abdullah, a notable Pakistani businessman and CEO of Sapphire Electric Company Limited (SECL), was stopped from flying abroad on Friday morning. Abdullah, the proprietor…
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