According to the latest PBS data, prices of 17 essential items increased, 9 decreased, and 25 remained unchanged during the week under review. Among the key price hikes, sugar became costlier by Rs 0.52 per kg, tomatoes by Rs 11.42 per kg, and broiler chicken by Rs 19.67 per kg. Egg prices rose by Rs6.19 […]
Banks Extend Hours to Receive Hajj 2026 Applications KARACHI — The State Bank of Pakistan has announced extended working hours for designated bank branches to facilitate Hajj 2026 applicants. From now until August 16, these branches will remain open from 9:00 am to 2:30 pm to receive application forms. The move follows a request from […]
Azadi Train Departs on Independence Day Journey Across Sindh KARACHI — Pakistan Railways has launched a special “Azadi Train” carrying more than 100 passengers to mark the country’s Independence Day celebrations. The train set off on its journey from Karachi and will return on August 14. The route will take the train through Karachi, Hyderabad, […]
Tribunal Fines Flour Mills Association Rs35m for Price-Fixing ISLAMABAD — The Competition Appellate Tribunal has ordered the Pakistan Flour Mills Association (PFMA) to pay an Rs35 million fine to the national exchequer, following findings of anti-competitive practices. The penalty, announced in a press release on Tuesday, comes after the Competition Commission of Pakistan (CCP) investigated […]
Pakistan Plans to Extend Debt Maturity Periods to Ease Financing Pressure Officials have revealed a new plan to extend the average maturity period of Pakistan’s debt in an effort to reduce future financing needs. Under the proposal, the average maturity of domestic debt will increase from the current 3 years and 8 months to 52 […]
Oil Prices Rise Slightly as US-China Tariff Truce Extends and Trump-Putin Meeting Approaches By early Tuesday, Brent crude oil futures had gained 26 cents, or 0.39%, reaching $66.89 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude rose 22 cents, or 0.34%, to $64.18 per barrel. The boost in oil prices comes after the White […]
Business Optimism on the Rise as Reforms Boost Confidence ISLAMABAD – Pakistan’s business community is showing renewed optimism about the country’s economic direction, with confidence levels hitting their highest point in years, according to Gallup Pakistan’s Q2 2025 survey. The survey, conducted between July 23 and 27, found that 61% of businesses rated their current […]
Saudi Riyal Holds Steady Against Pakistani Rupee, Supporting Economy and Families The Saudi Riyal continues to hold firm against the Pakistani Rupee, with the selling rate remaining steady at Rs75.85. This stability comes despite market ups and downs and steady remittance flows, underlining the Riyal’s important role in Pakistan’s financial landscape. What This Means for […]
Pakistan Set to Receive Major US Investments After Successful Trade Talks Islamabad — Pakistan is on track to welcome significant investments from the United States across multiple sectors, according to Finance Minister Muhammad Aurangzeb, who spoke following his recent visit to the US. In an informal chat after returning home, Aurangzeb shared that Pakistan made […]
US Allows Nvidia to Resume Sales of AI Chips to China Amid Controversy The US government, which halted sales of Nvidia’s H20 AI chips to China in April under the Trump administration, has recently allowed the company to resume shipments. A US official confirmed on Friday that the Commerce Department has begun issuing licenses for […]
