Pakistan and Turkey have reaffirmed their commitment to boosting bilateral trade to $5 billion, during a high-level conference in Islamabad on July 9, 2025, as part of the seventh session of the Pakistan-Turkey High-Level Strategic Cooperation Council (HLSCC). The meeting, attended by Turkish Foreign Minister Hakan Fidan and Defense Minister Yaşar Güler alongside Pakistan’s Deputy...
Pakistan’s debt has reached a crushing Rs. 76,045 billion, sounding alarm bells for the economy, according to the latest State Bank of Pakistan (SBP) data. The combined domestic and external debt surged by 12.3% in a single year, rising from Rs. 67,733 billion in May 2024 to Rs. 76,045 billion by May 2025. A 1.5%...
Sindh Minister for Local Government and Chairman of the Greater Karachi Regional Plan 2047 Steering Committee, Saeed Ghani, has emphasized that Karachi currently lacks an approved master plan, leading to disorganization in the city. He stated that a master plan is a cornerstone for any city’s development, and the Greater Karachi Regional Plan 2047 will...
Gold prices in Pakistan have witnessed a significant surge, aligning with a sharp increase in the international market. The cost of 24-carat gold per tola skyrocketed by PKR 6,600, reaching an all-time high of PKR 356,800. Similarly, the price of 10 grams of gold rose by PKR 5,658, bringing it to PKR 305,898, reflecting strong...
The Pakistan Stock Exchange (PSX) concluded trading at an all-time high due to surging investor confidence amid positive economic and diplomatic developments. The new financial year kicked off with remarkable momentum, with the KSE-100 Index establishing two new records within a single day. During the trading session in Karachi, the KSE-100 Index soared by 2,844...
Pakistan Stock Exchange (PSX) achieved a historic milestone on the last day of the financial year 2024-25, backed by a combination of positive economic factors, including a new trade agreement with the United States, China’s debt rollover support, proactive government measures to address circular debt, and growing investor confidence. The benchmark KSE-100 Index soared to...
The Federal Board of Revenue’s (FBR) Large Taxpayer Office (LTO) in Karachi has set a historic record by achieving an unprecedented tax collection milestone at the close of the financial year. For the first time in history, Karachi’s LTO recorded a staggering 48% increase in tax collection for the month of June, amassing a total...
The federal government of Pakistan has decided to eliminate the Rs. 35 Pakistan Television (PTV) fee charged on electricity bills, offering relief to millions of consumers. The decision, directed by Prime Minister Shehbaz Sharif, is set to be formally announced soon after a high-level meeting next week. This move aims to ease the financial burden...
Pakistan’s automotive sector is reeling from significant price hikes following the implementation of the Climate Support Levy (CSL) under the new auto policy. For the first time, all locally assembled hybrid, petrol, and diesel vehicles are subject to this tax, aimed at reducing carbon emissions. The levy has led to substantial price increases across major...
The State Bank of Pakistan has recently revealed shocking insights in a report concerning the country’s banking sector, highlighting low balances in the majority of commercial bank accounts. Based on the report, more than 51% of bank accounts contain less than Rs. 5,000, indicating a major challenge for the nation’s financial landscape. The statistics also...