Business
Business
K-Electric Tariff Relief: NEPRA to Review Rs4.69/Unit Cut for Karachi Consumers
NEPRA is set to review K-Electric's request for a Rs 4.69 per unit tariff reduction, which could relieve Karachi consumers.…
Pakistan Resolves Circular Debt with Rs1.275T Islamic Financing Deal
Pakistan’s government announced a historic Rs1.275 trillion Islamic financing agreement to eliminate circular debt in the power sector. Khurram Shehzad,…
Pakistan Proposes 9.5% Withholding Tax on Non-Filers for High-Value Property Sales
Pakistan’s government has proposed a record 9.5% withholding tax on non-filers selling properties worth Rs100 million or more in the…
Careem to Shut Down Ride-Hailing Services in Pakistan from July 18, 2025
Careem, a leading online taxi service, has suspended its ride-hailing operations in Pakistan starting July 18, 2025, ending nearly a…
Oil Prices Rally in 2025 as Iran-Israel Conflict Fuels Market Tensions
Oil prices surged as the escalating Iran-Israel conflict heightened geopolitical risks, though major oil and gas infrastructure remained largely unaffected.…
SBP Keeps Policy Rate at 11% Amid Global Tensions in 2025
On June 16, 2025, the State Bank of Pakistan (SBP) announced its decision to maintain the policy rate at 11%,…
Rs200 Prize Bond Draw Results: June 2025 Winners Announced in Quetta
On June 16, 2025, the National Savings Centre in Quetta announced the Rs200 prize bond draw winners, a highly anticipated…
FBR Arrest Powers in Finance Bill 2025-26 Face Senate Opposition
Federal Board of Revenue (FBR) Chairman Rashid Mahmoud Langrial defended the proposed arrest powers for tax fraud under Pakistan’s Finance…
PSX Drops 1,949 Points Amid Israel-Iran Conflict in 2025
The Pakistan Stock Exchange (PSX) faced a sharp decline on June 13, 2025, with the KSE-100 index plummeting 1,949.56 points,…