Business News

ISLAMABAD: Pakistan's government has announced a reduction in the national base tariff for electricity, setting it at PkR34.0 per kWh for the fiscal year 2026. This adjustment represents a 4% decrease from the previous year's rate of PkR35.5 per kWh. ...

Islamabad: The Small and Medium Enterprises Development Authority (SMEDA) and Akhuwat Islamic Microfinance (AIM) have partnered to bolster micro-enterprises in Pakistan, aligning with Prime Minister Shehbaz Sharif's vision for inclusive economic expan...

Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lauded the Ministry of Climate Change and Environmental Coordination for its strides in promoting electric vehicles (EVs), aiming to reduce the nation's dependency on fo...

Karachi: The recent rise in fuel prices is acting as a financial strain on Pakistan's population and industries, according to Mian Zahid Hussain, a prominent business leader. He highlighted the challenges posed by the government's decision to increase...

Karachi: Bank AL Habib, in collaboration with Indus Motors Company, has announced a new financing offer for prospective car buyers, providing discounted markup rates on various Toyota models including the Yaris, Corolla Sedan, Corolla Cross, Fortuner,...

Karachi: Fertilizer sales are anticipated to experience a significant recovery in June 2025, with Urea off-take expected to reach 580,000 tons, marking a 20% increase compared to the previous year and a 39% rise from the previous month. Despite this g...

Karachi: Cement demand in Pakistan is set to increase in the fiscal year 2026, spurred by a government push in public sector development programs and a revival in the construction industry, according to a report by AKD Securities Limited. This follows...