The Federal Board of Revenue (FBR) has introduced a new sales tax collection mechanism for Pakistan’s steel industry, linking tax liability directly to electricity consumption in an effort to improve compliance and strengthen documentation across the sector. The new framework will apply to steel melters, re-rollers and composite units, including those generating their own electricity...
Pakistan’s proposed Auto Policy 2026–31, designed to accelerate the adoption of electric vehicles (EVs), has reportedly been shelved after local car manufacturers raised objections, forcing the government to restart the policy-making process. The Ministry of Industries and Production had prepared a new auto policy after consulting stakeholders, with a strong focus on promoting electric mobility...
Global oil prices fell by more than 1% on Friday as improved crude shipments through key maritime routes eased supply concerns, even as the conflict between the United States and Iran continued to fuel geopolitical uncertainty. Brent crude futures declined by $1.03, or 1.2%, to $88 per barrel, while US West Texas Intermediate (WTI) crude...
The Economic Coordination Committee (ECC) has approved a Rs 98 billion subsidy package to reduce borrowing costs for exporters and stimulate Pakistan’s export sector after overseas shipments declined by 6% in the last fiscal year. Chaired by Finance Minister Muhammad Aurangzeb, the ECC endorsed three major export support initiatives, including an enhanced Export Finance Scheme...
Pakistan’s inflation is expected to accelerate to 9.1% year-on-year in July, as higher food prices and renewed uncertainty over global energy markets add fresh pressure to the cost of living, according to market estimates by Growth Securities and JS Global. Economists expect the Consumer Price Index (CPI) to record a 1.1% month-on-month increase, largely driven...
The Pakistan Stock Exchange (PSX) extended its recent downturn on Friday, with the benchmark KSE-100 Index falling 1,264.14 points, or 0.74%, during the morning trading session as investor sentiment remained subdued. The index slipped to 170,475.30 points before trading was temporarily suspended for the routine Friday (Jummah) prayer break. After opening on a weaker note,...
The Securities and Exchange Commission of Pakistan (SECP) has approved the prospectus for the initial public offering (IPO) of Tasdeeq Information Services Limited, clearing the way for the first Pakistan Stock Exchange (PSX) listing of the 2026-27 fiscal year. Tasdeeq, a credit bureau licensed by the State Bank of Pakistan, collects and maintains credit information...
Global oil prices climbed to their highest levels in nearly six weeks on Wednesday as escalating tensions in the Middle East raised fresh concerns about potential disruptions to crude supplies. Brent crude futures rose above $92 per barrel, while US West Texas Intermediate (WTI) crude also advanced as investors reacted to heightened geopolitical risks and...
Pakistan’s auto financing market continued its strong recovery in June 2026, with outstanding vehicle loans rising 38% year-on-year to Rs381.69 billion, reflecting growing consumer confidence and improving demand for automobiles. The latest figures, compiled by Arif Habib Limited (AHL) using State Bank of Pakistan (SBP) data, also showed a 3.4% month-on-month increase in auto...
Pakistan has called for a stronger economic partnership with Egypt, urging both countries to expand cooperation beyond traditional trade and focus on strategic investment, joint production, technology transfer, and regional value chains. The proposal was presented by Commerce Minister Jam Kamal Khan during a reception in Islamabad marking Egypt’s National Day. Addressing diplomats, government...