Pakistan’s car sales jumped sharply in October, showing strong recovery in the country’s auto market. Sales of cars, vans, pickups, and SUVs reached 17,333 units, up 32 percent from last year. The rise came amid easing inflation, lower interest rates, and improving consumer confidence. However, month-on-month growth was modest at only 1 percent, partly due […]
Business
Pakistan’s Exports Decline, Trade Deficit Hits $9.4 Billion in Q1 FY2025–26
ISLAMABAD –Official data shows that Pakistan’s exports from 30 out of 71 key sectors fell during the first quarter of fiscal year 2025–26, contributing to slower export growth and an increasing trade deficit. According to the Pakistan Bureau of Statistics (PBS), the trade deficit surged to $9.4 billion between July and September. Exports declined by […]
SC questions fairness, business impact of Super Tax Law
The Supreme Court’s five-member constitutional bench on Wednesday adjourned the hearing of petitions challenging the super tax till Friday. The bench, headed by Justice Amin-ud-Din Khan, comprised Justice Jamal Khan Mandokhail, Justice Muhammad Ali Mazhar, Justice Ayesha Malik and Justice Hasan Azhar Rizvi. At the outset, Advocate Farogh Naseem concluded his arguments on behalf of […]
CBD Punjab CEO reviews progress on NSIT City
Imran Amin, the CEO of The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), visited flagship project of the authority Pakistan’s largest and premier IT City, CBD NSIT City. The project is moving forward in line with the authority’s vision of building sustainable infrastructure that will transform […]
BOP Reports 278% Growth in Operating Profit During 1H-2025, Approves 10% Cash Dividend
Lahore: In a meeting held on August 29, 2025, the Board of Directors of The Bank of Punjab (BOP) reviewed and approved the un-audited financial statements, duly reviewed by the external auditors, for the first half of the year ended on June 30, 2025. The Board lauded the exceptional performance of the Bank, which not […]
Pakistan economy starts FY2026 with strong momentum
Pakistan’s economy entered FY2026 on a strong note, supported by stable fiscal and external positions, improved revenues, and sustained reforms, according to the Finance Ministry’s Monthly Update and Outlook report for August 2025. The report highlighted that last year’s gains have created a solid foundation for economic growth while setting an optimistic direction for the […]
India and China to resume direct flights as relations warm up
India and China have agreed to speed up the restart of direct flights, which were suspended during rising tensions. This decision comes as both countries try to repair ties damaged during the 2020 border clashes in the Ladakh region. Restoring air travel will help improve people-to-people contact, tourism, and business. This agreement was made during […]
Punjab chooses PMEX for wheat trading via electronic warehouse receipts
LAHORE – In a major step toward modernizing agriculture, the Government of Punjab has officially selected the Pakistan Mercantile Exchange (PMEX) as the trading platform for wheat under the Electronic Warehouse Receipts (EWR) system. This move, launched under the Chief Minister Punjab EWR Financing Facility, will allow farmers, traders, and investors to trade wheat stored […]
PM Shehbaz caps customs duty at 15% to boost exports and ease imports
Prime Minister Shehbaz Sharif has approved a major tariff reform, capping customs duty at a maximum of 15% and phasing out additional and regulatory duties over the next four to five years. The announcement was made following a high-level meeting on the National Tariff Policy held on Friday. The reform aims to make imports more […]
Medicine sales cross Rs1 trillion in Pakistan, but people still struggle to afford treatment
Pakistan’s retail pharmaceutical market has crossed Rs1.049 trillion in sales by March 2025. This marks a 20.6% increase in rupee terms and over 23% in dollar terms. However, this growth came mainly from rising medicine prices. According to global data firm IQVIA, the actual number of medicines sold only increased by 3.6% over the year. […]