The State Bank of Pakistan (SBP) ramped up its foreign exchange reserves to a 39-month high of $14.5 billion by the end of FY25 after managing to secure $1.77bn during the week ending July 4 — a development aimed at sending a strong signal to market stability. According to SBP data released on Thursday, the central bank’s reserves rose primarily on the back of official inflows, though no specif
The Ministry of Commerce on Thursday launched a dedicated platform aimed at accelerating Pakistan’s digital trade and e-commerce ecosystem while enhancing regional business connectivity through digital corridors. The initiative was unveiled at the inaugural GLOBE Pakistan Summit, launched by Rana Ihsan Afzal Khan, Coordinator to the Prime Minister on Commerce, in collaboration with the Trade D
Pakistan’s auto industry posted a strong rebound in FY25, with double- and triple-digit growth across most segments, signalling a revival in demand amid improved macroeconomic conditions. The only exception was the tractor segment, which recorded a sharp 36.4pc decline due to continued stress in the agricultural economy. According to data released by the Pakistan Automotive Manufacturers Associ
The Power Division is making another attempt to convince the federal cabinet to curtail returns on solar net metering and remove electricity duty on consumer bills being resisted by the provinces. Speaking at a news conference on Thursday, Power Minister Awais Leghari said he would be presenting a revised plan to the federal cabinet in a week or two based on consultations with some stakeholders
Pakistan’s major chambers of commerce on Thursday announced a nationwide strike on July 19 in protest against what they described as anti-business measures introduced in the Finance Act FY26 and proposed provincial labour policies. The Karachi Chamber of Commerce and Industry (KCCI) said the strike was being organised in collaboration with leading chambers and trade bodies across the country.