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Aamir Shafaat KhanDawn Business |
KARACHI: The branded ghee and cooking product manufacturers have raised prices despite a bearish trend in palm oil import costs. A retailer said the...
KARACHI: Barring foreign investors and multinational companies (MNCs), the State Bank’s decision to cut the interest rate by 200bps to 13pc on...
Even as the draft of the New Energy Vehicle Policy (NEVP) 2025-2030 predicts a 30 per cent share of new electric vehicles by 2030, 90pc by 2040, and...
KARACHI: Despite a month-on-month sales drop in November, car sales during 5MFY24 clocked in at 38,534 units, rising 50 per cent from 25,746 units a...
Despite security concerns for Chinese nationals in Pakistan, investment from China in the automobile sector has picked up recently. All eyes are now...
KARACHI: Amid a record stock market rally, receding food inflation, low current account deficit and improving foreign investment, trade and industry...
KARACHI: Auto financing increased for the second consecutive month by 3.7 per cent month-on-month to Rs236 billion in October compared to...
KARACHI: The draft of the National Electric Vehicle Policy (NEVP) 2025-30, which includes substantial tax breaks for imports, aims to transform the...
KARACHI: The Federal Board of Revenue’s (FBR) decision to fix the minimum retail price (MRP) of tea at Rs1,200 per kg for levying sales tax would...
KARACHI: Amid a continuous downturn in demand for tractors, the sales of cars, LCVs, pickups and vans clocked in at 13,108 units in October, up by 27...
KARACHI: Business leaders have raised concerns about the impact of the five-day workweek observed by the government departments, the State Bank of...
KARACHI: The local gold prices on Thursday witnessed a drastic fall of Rs4,630 per 10-gram and Rs5,400 per tola on Thursday, as international prices...
KARACHI: Businessmen are initially delighted over Donald Trump’s win in the US election, hoping that Pakistan is likely to benefit in case the US...
KARACHI: Businessmen on Monday appeared unsatisfied with the 250 basis points cut in interest rate by the State Bank of Pakistan (SBP), terming the...
KARACHI: The launch of expensive hybrid electric vehicles (HEVs) and electric vehicles (EVs) back-to-back by old and new entrants suggests that the...
KARACHI: Iranian and Afghan onions and tomatoes have entered local markets as domestic supply shortages push demand higher. Traders are charging...
KARACHI: Indus Motor Company Ltd (IMC) on Monday announced the temporary suspension of production activities from Oct 29-31 due to a parts shortage....
KARACHI: The manufacturers of essential foreign items in Pakistan have not experienced significant declines, unlike foreign soft drink, mineral water,...
KARACHI: Despite government assertions of a downward inflationary trend, the prices of essential kitchen items like flour, ghee, and cooking oil have...
KARACHI: The 10-gram and one-tola gold rates (24kt) on Saturday continued to post new records as they surged to Rs241,598 and Rs281,800,...
KARACHI: After 27 months, auto financing showed a positive trend as easing interest rates revived demand for car loans in September. As per data from...
KARACHI: In contrast to the introduction of the eagerly awaited locally assembled petrol-driven 660cc Suzuki Every Saturday after the discontinuation...
KARACHI: Despite hopes of economic recovery following the IMF’s $7 billion bailout package, several industrial sectors are either shutting down...
KARACHI: After the Khyber Pakhtunkhwa government imposed a two per cent infrastructure cess last month, industries face another challenge as the...
While electric vehicles (EVs) have already made deeper inroads in various countries, consumers in Pakistan are still using around four decades old...
KARACHI: As the Federal Board of Revenue (FBR) has advised using the IRIS portal to file returns and verify tax deductions, the business community...
KARACHI: Amid uncertain political and economic environment, domestic gold prices continued a record-setting spree on Wednesday, tossing the 10-gram...
KARACHI: Amid a downward trajectory in the interest rates, auto financing declined for the 26th consecutive month to Rs227.3 billion in August from...
Anyone visiting Akbar Road — Karachi’s oldest two-wheeler market — can’t help but notice a perceptible change inside and outside of showrooms...
KARACHI: The Indus Motor Company’s (IMC) board of directors has approved an additional investment of Rs 1.1 billion to further localise parts and...
KARACHI: Despite political instability and unprecedented energy and interest rates amid skyrocketing inflation, foreign food item manufacturers posted...
• Traders’ associations estimate trade loss of Rs500bn • Incessant rains, transport disruptions keep workers at home KARACHI: The economy...
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has urged the State Bank of Pakistan (SBP) to...
KARACHI: As mystery shrouds the lack of transparency in fixing of daily rates, speculation and smuggling after the crackdown on precious metal trade...
KARACHI: The closure of production activities by Millat Tractors Ltd (MTL) until further notice is forcing parts vendors to shut down or slow down...
KARACHI: Despite a downward trend in interest rates, new locally assembled vehicles failed to attract buyers as auto financing continued to fall for...
KARACHI: The one-tola gold price reached an all-time high on Saturday to Rs260,200, breaking the previous record of Rs257,700 on Aug 13, showing a...
KARACHI: Chambers of commerce and traders’ bodies on Saturday threatened to launch a countrywide strike after small businesses and retailers were...
KARACHI: Amid a slowdown in fossil fuel vehicle sales and prevailing political and economic uncertainty, several auto players in the market are set to...
KARACHI: The start of plant shutdowns by the local auto assemblers has forced the vendors to keep their production activities suspended. For example,...
KARACHI: Amid looming fear of a further hike in the price of cement after an increase in royalty rates on raw materials by the Punjab government,...
KARACHI: Amid a slight decline in urea offtake in the first seven months of 2024, the fertilizer manufacturers have sought dedicated allocation of...
KARACHI: Businessmen were not happy with the 100 basis points interest rate cut announced by the State Bank of Pakistan (SPB) on Monday, saying they...
KARACHI: Unrestricted imports from February onwards increased the arrival of completely knocked down (CKD) kits to $779 million in FY24 from $750m in...
KARACHI: Auto financing completed its second straight year of downward journey last month, dropping to Rs230.5 billion in June from Rs233bn in May....
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...
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...
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...
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...
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...
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