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Islamabad: Oil and Gas Development Company Ltd (OGDC) has successfully increased production at its Rajian-05 well through the installation of electrical submersible pumps (ESP), according to a press release. This move has significantly enhanced the ou...
Read More »Microsoft’s Exit from Pakistan: A Cautionary Tale for the Digital Economy
Islamabad: Prominent economic commentator and former President of the Islamabad Chamber of Commerce, Shahid Rasheed Butt, has expressed grave concerns over Microsoft's recent decision to close its direct operations in Pakistan. The move, he argues, se...
Read More »Automobile Sales Surge in June 2025, Marking a Year of Recovery
Karachi: Automobile sales in Pakistan showed significant growth in June 2025, with major industry players achieving the highest combined sales volumes since December 2022. According to a report from JS Global, Indus Motors Company Ltd, Honda Atlas Car...
Read More »UNISAME Condemns New Tax on Cash Withdrawals, Calls for Repeal
Karachi: The Union of Small and Medium Enterprises (UNISAME) has voiced strong opposition to a newly imposed tax on cash withdrawals from bank deposits, labeling it an unjust and poorly conceived policy that breaches fundamental taxation principles. ...
Read More »Currency Exchange Rates See Minor Fluctuations
Islamabad: The Exchange Companies Association of Pakistan released new currency exchange rates, showing minor fluctuations across various major currencies. The announcement comes amid a steady global economic situation. According to the association,...
Read More »PTCL and Huawei Bring 5G-Ready Connectivity to Islamabad’s Sukh Chayn Residence
Karachi: PTCL Group, in partnership with Huawei, has introduced advanced connectivity solutions at Sukh Chayn Residence in Islamabad, marking a significant milestone in smart living. The collaboration integrates 5G Ready Digital Indoor System (DIS) La...
Read More »Pakistan’s Energy Shake-Up: Government Reduces Tariffs and Tackles Debt
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. ...
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