World Bank Lauds Pakistan’s Push for Inclusive Growth and Reforms
The World Bank’s Vice President for the MENAAP region, Ousmane Dione, concluded his first visit to Pakistan under the Bank’s newly expanded regional framework. During…
Business
BYD Plans Pakistan Entry with Local Assembly Plant by 2026
Chinese electric vehicle giant BYD has announced plans to launch its first locally assembled car in Pakistan by July or August 2026. The strategy is…
FBR uncovers Rs22 trillion tax fraud through fake invoices
The Federal Board of Revenue (FBR) has uncovered tax evasion exceeding Rs22 trillion over the past two financial years, mostly through the use of fake…
Audit Uncovers Rs244 Billion Overbilling Fraud by 8 Power Discos
An official audit has uncovered large-scale overbilling and financial misconduct by eight power distribution companies, burdening consumers already grappling with high inflation, low incomes, and…
Strike cripples Karachi, Lahore in protest against ‘anti-business’ tax measures
Pakistan’s two major commercial hubs, Karachi and Lahore, came to a near standstill on Saturday as traders launched a strike against what they termed as…
Motorcycle Costs on the Rise in Pakistan After New NEV Levy
Following the announcement of the New Electric Vehicle (NEV) levy in the 2025-26 federal budget, major motorcycle manufacturers have raised their prices. Yamaha and Unique…
Aurangzeb holds constructive discussions on trade and tariffs in Washington
Finance Minister Muhammad Aurangzeb held high-level discussions with U.S. officials as Pakistan pursues tariff relief and aims to strengthen economic relations with Washington. A senior…
PSX hits historic high, crosses 140,000 mark
Share prices surged to an all-time high at the Pakistan Stock Exchange (PSX) on Friday, driven by robust institutional inflows and strong interest in blue-chip…
Pakistan permitted to resume direct flights to the UK as UK CAA lifts ban
The United Kingdom has officially lifted the ban on Pakistani airlines, enabling them to reapply for direct flight operations to the UK, according to a…
Petrol, diesel prices hiked by more than Rs11 per litre
The federal government has announced a hike in petrol prices by over Rs5 per litre for the upcoming fortnight starting tomorrow, according to a statement…