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News
Khurram Ijaz Urges SBP to Cut Policy Rate
7+ hour, 25+ min ago (547+ words) Business leader says Pakistan’s high benchmark interest rate is constraining investment, industrial growth and job creation Khurram Ijaz said that although the SBP has lowered its benchmark policy rate from a record 22% in December 2023 to 11.5%, the current rate remains excessively…...
FBR empowered to auction confiscated goods under Sales Tax Act
13+ hour, 18+ min ago (428+ words) Updated law allows public and electronic auctions while ensuring transparent disposal of seized goods ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered to auction confiscated goods under the updated Sales Tax Act, 1990, enabling the tax authority to dispose…...
Pakistan Sees Rs35.68 Increase in Petrol Price in 24 Days of July
19+ hour, 52+ min ago (329+ words) Daily fuel price revision mechanism pushes petrol and diesel rates sharply higher across Pakistan in July 2026. Pakistan witnessed a significant rise in petroleum prices during the first 24 days of July 2026, with both petrol and high-speed diesel registering sharp increases following…...
KSE-100 falls 2.7% in week as geopolitical tensions weight
20+ hour, 29+ min ago (472+ words) Banking stocks lead market decline despite S&P rating upgrade and strong banking sector growth KARACHI: The Pakistan Stock Exchange (PSX) remained under pressure during the past week, with the KSE-100 Index closing at 171,021.20 points, down 2.7% week-on-week (WoW), or 4,782 points,…...
Game of Thrones: The Mad King cancels opening week previews
12+ hour, 48+ min ago (402+ words) Royal Shakespeare Company’s highly anticipated stage prequel remains on course for its official August premiere despite early performance cancellations. The Royal Shakespeare Company (RSC) has cancelled the first week of preview performances for its eagerly awaited Game of Thrones stage…...
The Mask director Chuck Russell dies at 68
13+ hour ago (376+ words) Acclaimed filmmaker behind The Mask, A Nightmare on Elm Street 3, and The Scorpion King passes away at his California home. Chuck Russell, the acclaimed filmmaker best known for directing the hit 1994 comedy-action film The Mask, has died at the age…...
SBP Policy Rate in Focus Ahead of July 27 Decision
22+ hour, 5+ min ago (591+ words) Markets expect the central bank to hold rates at 11.5% as stronger domestic fundamentals offset external risks from rising oil prices KARACHI: The State Bank of Pakistan (SBP) is widely expected to leave its benchmark policy rate unchanged at 11.5% when it…...
Honda Atlas Gets Record Rs4.2bn Income Tax Refund in FY2026
19+ hour, 38+ min ago (334+ words) Higher vehicle sales, increased production, and a record tax refund strengthen Honda Atlas Cars Pakistan’s financial performance for FY2026. Honda Atlas Cars Pakistan has reported a significant financial milestone for the year ended March 31, 2026, announcing that it received historic income tax…...
Gold prices rise to Rs427,736 per tola on July 25
20+ hour, 1+ min ago (209+ words) Domestic bullion market gains Rs300 as international gold prices inch higher KARACHI: Gold prices in Pakistan recorded a modest increase on Saturday, July 25, 2026, with the price of 24-karat gold rising by Rs300 per tola, supported by a slight increase in international bullion…...
Zenro Automobiles to Launch Electric Bikes in Pakistan
20+ hour, 26+ min ago (339+ words) Lahore-based company plans to enter Pakistan’s growing electric vehicle market with a range of electric motorcycles, sports bikes, and scooters. Pakistan’s electric vehicle market is set to welcome a new entrant as Zenro Automobiles prepares to launch a range of…...