Economy Archives

FBR imposes a 25% sales tax on domestically manufactured cars exceeding Rs4 million, impacting the auto industry and consumer affordability.

IMF stands ready to engage with Pakistan's new government in formulating a new economic program.

Moody's upgrades Pakistan's banking sector outlook to 'stable', citing improved macroeconomic conditions and fiscal pressures.

Daraz Group, owned by Alibaba, implements layoffs across its operations in response to market challenges and aims to enhance sustainability.

OGDCL announces robust financial performance for H1 fiscal year 2023-24, with significant profit, revenue, and dividend declaration.

Bitcoin hits two-year high amid institutional buying and ETF approval, while ether surpasses $3,200, fueled by market momentum.

The US solidifies its position as the leading LNG exporter worldwide, commanding a 21% market share by the end of 2023.

Europe witnesses a decade-low in gas consumption while boosting LNG imports and diversifying energy sources.

The caretaker government raises petrol and high-speed diesel prices amidst international market volatility.

The textile industry faces a dire situation with over 50% of firms at risk of closure due to soaring energy prices.

Hershey and Cadbury makers plan price hikes to offset soaring cocoa prices, as consumer demand softens due to inflation impact.

Pakistan's exports to Afghanistan showed a modest increase in fiscal year 2023-24, as reported by the State Bank of Pakistan.