menu_open
Aamir Shafaat Khan

Aamir Shafaat Khan

Dawn Business

We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Apex chamber to move Supreme Court on capacity payments

KARACHI: As a last resort to save the economy, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday announced that it would...

latest 10

Dawn Business

Aamir Shafaat Khan

FBR’s ‘wrong decision’ halts gold imports

KARACHI: The country’s official gold import remained suspended in the last quarter (March-June) of outgoing 2023-24 due to a policy change in...

sunday 30

Dawn Business

Aamir Shafaat Khan

Gold scales new peak of Rs254,000 per tola

KARACHI: The $60 per ounce jump in the international gold price to $2,470 pushed the domestic rates for the yellow metal to an all-time high of...

19.07.2024 20

Dawn Business

Aamir Shafaat Khan

Excise duty makes pulses costlier

KARACHI: As the State Bank of Pakistan (SBP) cut the interest rate to 20.5 per cent in April following a sharp deceleration in inflation, harsh...

14.07.2024 20

Dawn Business

Aamir Shafaat Khan

Absence of price tags on milk products irks buyers

KARACHI: Buyers of infant, fortified and packed milk products find it irritating that these items do not carry the sticker price after the post-budget...

12.07.2024 30

Dawn Business

Aamir Shafaat Khan

Packaged milk, infant formula get costlier

KARACHI: Milk producers have passed on the 18 per cent increase in general sales tax (GST) to consumers, while flour millers will raise prices...

05.07.2024 20

Dawn Business

Aamir Shafaat Khan

Duty exemption for small used cars irks auto industry

KARACHI: Auto assemblers and vendors have expressed surprise and concern over excluding imported used cars below 1,300cc from the newly imposed 15 per...

04.07.2024 20

Dawn Business

Aamir Shafaat Khan

Lucky Motor jacks up Stonic price by Rs733,000

KARACHI: After a record price cut of Rs1.513 million in the last week of April, Lucky Motor Corporation Ltd (LMCL) jacked up the price of Kia Stonic...

02.07.2024 20

Dawn Business

Aamir Shafaat Khan

More competition to amp up electric vehicles adoption

KARACHI: Auto sector players are optimistic about China’s BYD entering Pakistan in collaboration with Hub Power Company Ltd (Hubco) to locally...

30.06.2024 10

Dawn Business

Aamir Shafaat Khan

More competition to amp up EVs adoption

KARACHI: Auto sector players are optimistic about China’s BYD entering Pakistan in collaboration with Hub Power Company Ltd (Hubco) to locally...

30.06.2024 10

Dawn Business

Aamir Shafaat Khan

Govt doles out Rs30bn GST concession to HEV makers

KARACHI: Yielding to pressure from luxury automakers, the government has withdrawn the proposal to impose a 25 per cent sales tax on hybrid electric...

26.06.2024 20

Dawn Business

Aamir Shafaat Khan

Govt asked to allow export of surplus wheat

KARACHI: As the outcome of the caretakers’ wheat import scandal is still pending, traders are now urging the government to allow export of wheat and...

25.06.2024 10

Dawn Business

Aamir Shafaat Khan

MoIP opposes tax hike on hybrid EVs

KARACHI: The Ministry of Industries and Production (MoIP) has reportedly opposed the proposed increase in the general sales tax on hybrid electric...

23.06.2024 10

Dawn Business

Aamir Shafaat Khan

Auto financing drops for 23rd straight month

KARACHI: Auto financing declined for the 23rd month to Rs233 billion in May, down 22.5 per cent year-on-year and 1.2pc month-on-month. The State Bank...

22.06.2024 20

Dawn Business

Aamir Shafaat Khan

Formula milk industry urges govt to impose 18pc GST in phases

KARACHI: After a Rs20 per litre hike in the price of loose milk, the cost of locally produced infant formula and fortified nut­rition milk is also...

16.06.2024 20

Dawn Business

Aamir Shafaat Khan

Hybrid makers face tax dilemma

KARACHI: Hybrid car assemblers are now in a quandary as the government increased the general sales tax (GST) to 25 per cent from 8.5pcin the new...

14.06.2024 20

Dawn Business

Aamir Shafaat Khan

Budget 2024-25: Traders and industry call it a ‘more IMF-friendly budget’

KARACHI/ISLAMABAD/LAHORE: Businessmen and industrialists initially on Wednesday appeared unsatisfied with the budgetary measures proposed for 2024-25,...

13.06.2024 20

Dawn Business

Aamir Shafaat Khan

Budget 2024-25: Tax breaks on hybrid, luxury EVs ended ‘to boost local industry’

KARACHI: In a bid to appease the local assemblers, the government has abolished customs duty on the import of hybrid cars and luxury electric vehicles...

13.06.2024 10

Dawn Business

Aamir Shafaat Khan

Auto sector sees recovery despite costly financing

KARACHI: While the Economic Survey FY24 paints a dismal production picture, the local assemblers must be jubilant since sales of cars, light...

12.06.2024 10

Dawn Business

Aamir Shafaat Khan

Incentives likely for solar panel making, net-metering

KARACHI: The government may provide some incentives to encourage local assembly of solar panels in the budget 2024-25. Pakistan Solar Association...

11.06.2024 30

Dawn Business

Aamir Shafaat Khan

Curbs on used car imports on cards, claims assembler

KARACHI: The government will likely impose various import restrictions on second-hand cars in the upcoming budget to revive the ailing sales of...

09.06.2024 30

Dawn Business

Aamir Shafaat Khan

More fuel outlets coming up despite oil smuggling from Iran

KARACHI: Amid hue and cry over influx of smuggled Iranian oil, the oil marketing companies (OMCs) continued to add new retail outlets across the...

02.06.2024 30

Dawn Business

Aamir Shafaat Khan

Dewan plans electric vehicles rollout in August

KARACHI: Amid uncertain economic conditions, an automobile company has announced that it will start rolling out electric vehicles (EVs) in August,...

31.05.2024 20

Dawn Business

Aamir Shafaat Khan

Heatwave revives sales of ACs and freezers

KARACHI: The heatwave has revived the ailing sales of air conditioners while the run-up to Eidul Azha, to be celebrated in the third week of June, has...

29.05.2024 40

Dawn Business

Aamir Shafaat Khan

Govt mulls price deregulation of red meat, milk

KARACHI: The federal government plans to deregulate milk, beef and mutton prices by stopping monitoring them, leaving consumers at the mercy of the...

26.05.2024 40

Dawn Business

Aamir Shafaat Khan

Indus Motor Company raises prices of Yaris facelift

KARACHI: Indus Motor Company (IMC) has launched the Toyota Yaris facelift model with a price increase of Rs144,000 to Rs606,000. In mid-March, IMC cut...

25.05.2024 50

Dawn Business

Aamir Shafaat Khan

IMC raises prices of Yaris facelift

KARACHI: Indus Motor Company (IMC) has launched the Toyota Yaris facelift model with a price increase of Rs144,000 to Rs606,000. In mid-March, IMC cut...

25.05.2024 10

Dawn Business

Aamir Shafaat Khan

Import of used cars surges to 28,000 units

KARACHI: Local automakers are struggling to attract buyers with price cuts, registration discounts and auto financing, while the imported used car...

24.05.2024 50

Dawn Business

Aamir Shafaat Khan

Record onion exports make consumers pay high prices

KARACHI: Unprecedented onion exports fetched $210 million during July-April FY24 at the cost of inflation-hit consumers who paid record prices for the...

23.05.2024 90

Dawn Business

Aamir Shafaat Khan

Brisk buying of solar panels dampens demand for generators, UPS

KARACHI: Excessive panel imports amid falling prices in China have encouraged aggressive solar power system installations by consumers across the...

19.05.2024 40

Dawn Business

Aamir Shafaat Khan

Meat shipments fetch record $431m

KARACHI: The export of meat and meat preparations reached an all-time high of 104,513 tonnes in the first 10 months of the current fiscal year,...

18.05.2024 50

Dawn Business

Aamir Shafaat Khan

Automaker’s steep price cut gamble pays off

KARACHI: Amid lacklustre auto sales overall, the Korean assembler’s record Rs1.5 million price cut has worked, as the company earned billions in...

10.05.2024 50

Dawn Business

Aamir Shafaat Khan

Two Japanese assemblers not in mood to cut prices

KARACHI: Two Japanese vehicle assemblers have opted to stay out of the price war triggered by a historic cut from Lucky Motor Corporation Ltd (LMCL)...

05.05.2024 30

Dawn Business

Aamir Shafaat Khan

High interest rate drives demand for used cars

KARACHI: Amid unprecedented 22 per cent interest rate and restrictions imposed by the State Bank of Pakistan (SBP) to curb vehicle demand, consumers...

28.04.2024 10

Dawn Business

Aamir Shafaat Khan

Retailers not sharing flour price cut with consumers

KARACHI: Mill owners on Friday further reduced the rates of various flour varieties by Rs4 per kg to pass on the impact of huge arrival of cheap...

27.04.2024 10

Dawn Business

Aamir Shafaat Khan

Sugar prices surge amid reports of export ‘permission’

KARACHI: Domestic sugar prices have risen by Rs10 to Rs150-150 per kg in different parts of the country amid reports that the government is under...

25.04.2024 50

Dawn Business

Aamir Shafaat Khan

‘Business, industrial activities shrink to 40pc’

KARACHI: A number of export-oriented industries opened their units on Tuesday despite a local holiday in the country’s economic nerve centre, which...

24.04.2024 80

Dawn Business

Aamir Shafaat Khan

Gold rates surge above Rs252,000 after $11 jump in international market

KARACHI: The 10 gram and one tola gold rates climbed to an all-time high of Rs216,221 and Rs252,200 on Saturday — up by Rs1,286 and Rs1,500 on the...

21.04.2024 20

Dawn Business

Aamir Shafaat Khan

Auto financing keeps plunging

KARACHI: Consumers remained reluctant to avail costly auto financing, which consequently plunged for the 21st consecutive month ending March 2024 to...

19.04.2024 10

Dawn Business

Aamir Shafaat Khan

Automobile sales plunge 38pc in July-March

KARACHI: Sales of cars, light commercial vehicles (LCVs), pickups and jeeps dropped three per cent to 9,379 units in March from 9,709 units in...

18.04.2024 20

Dawn Business

Aamir Shafaat Khan

Gold shines at new peak near Rs250,000 per tola

KARACHI: A $20 per ounce jump in world gold rates on Tues­day pushed the local 10-gram and one-tola prices to new all-time highs of Rs214,077 and...

17.04.2024 10

Dawn Business

Aamir Shafaat Khan

No extension in onion export ban under consideration: commerce minister

KARACHI: As exporters sought a 15-day extension, Commerce Minister Jam Kamal Khan said on Monday that the ban on onion exports was only for Ramazan...

09.04.2024 10

Dawn Business

Aamir Shafaat Khan

No extension in onion export ban under consideration: minister

KARACHI: As exporters sought a 15-day extension, Commerce Minister Jam Kamal Khan said on Monday that the ban on onion exports was only for Ramazan...

09.04.2024 20

Dawn Business

Aamir Shafaat Khan

Gold reaches all-time high of Rs245,100 per tola

KARACHI: Gold rates hit an all-time high of Rs245,100 per tola (24K) on Saturday, breaking the previous record of Rs 242,700 on Sept 2 last year. A...

07.04.2024 10

Dawn Business

Aamir Shafaat Khan

Wheat imports bring down flour prices

KARACHI: Huge wheat imports by the private sector have continued to bring down the prices of various flour varieties, but many retailers are not...

04.04.2024 10

Dawn Business

Aamir Shafaat Khan

Price relief elusive despite economic gains

KARACHI: Despite the rupee’s impressive recovery against the dollar, which led to a declining trend in the landed cost of imported items, mainly...

31.03.2024 10

Dawn Business

Aamir Shafaat Khan

Challenges persist as gold trade crackdown lacks a silver lining

KARACHI: In the aftermath of a significant crackdown on the jewellery sector in September aimed at curbing speculation and smuggling, the only benefit...

24.03.2024 10

Dawn Business

Aamir Shafaat Khan

Auto financing plunges for 20th straight month

KARACHI: Auto financing continued its downward trajectory for the 20th consecutive month, dropping to Rs242.9 billion in February 2024 from Rs246bn at...

22.03.2024 30

Dawn Business

Aamir Shafaat Khan

Costly energy deepens consumers’ economic pain

KARACHI: The cost of living has gone up significantly amid surging utility bills and transportation expenses as consumers witnessed a mixed trend in...

14.03.2024 10

Dawn Business

Aamir Shafaat Khan

Automobile sales plunge 41pc in July-February

KARACHI: Sales of locally assembled cars, light commercial vehicles, vans and jeeps fell by eight per cent to 9,709 units in February from 10,536 in...

13.03.2024 10

Dawn Business

Aamir Shafaat Khan

305d4882314d023875135d411f2f9ab0