Dubai’s reputation as a global hub for gold shopping remains unshaken, and this September brings a slight uptick in prices that buyers and investors should take note of. Whether you’re shopping for a wedding set, a statement piece, or simply hedging your savings against inflation, here’s what you need to know. Latest Gold Rates (Per…
Drivers in the UAE will pay slightly more for petrol this month, while diesel users are getting a welcome price break. The UAE Fuel Price Committee announced its updated rates for September 2025 on Monday, reflecting the usual monthly adjustments tied to global oil market trends. New Prices at the Pump Super 98 petrol: AED…
Pakistan is reeling from catastrophic flooding that has left a trail of devastation across the country. Weeks of relentless monsoon rains have submerged villages, displaced millions, and crippled infrastructure, leaving the economy under immense strain. In a show of support, the Asian Development Bank (ADB) has stepped in with a $3 million emergency grant to…
Pakistan’s push toward renewable energy, particularly solar power, is gaining momentum — and a key hurdle is finally easing. For years, the high cost of solar panels kept many households and small businesses from adopting solar systems. Now, in 2025, prices have dropped significantly, making solar energy more accessible than ever. From Costly to Within…
Pakistan’s Oil and Gas Regulatory Authority (OGRA) has announced a modest cut in Liquefied Petroleum Gas (LPG) prices, effective September 1, 2025. The adjustment, though minor, offers some financial relief for households and small businesses already stretched by rising inflation. New Prices in Effect The 0.54% reduction has brought LPG prices down nationwide: Per Kilogram:…
KARACHI, August 27, 2025 – Habib Bank Limited (HBL) has teamed up with Mastercard to roll out two new debit cards designed exclusively for small and medium enterprises (SMEs), entrepreneurs, and sole proprietors. The Classic and World Business Debit Cards aim to streamline transactions for business owners while accelerating Pakistan’s shift toward a cashless economy….
Gold enthusiasts in Pakistan are getting a modest reprieve as local gold rates have seen a minor dip in recent days. Although prices remain high, this slight downturn provides some optimism for families planning purchases ahead of the wedding season. Current Price Movements According to recent market data, the price of 24K gold fell from…
ISLAMABAD – The federal government has assured support for Pakistan’s auto industry but urged manufacturers to sharpen their competitiveness if they want to thrive in the coming years. Speaking at the Auto Parts Summit 2025 hosted by the Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam), Haroon Akhtar, Special Assistant to the Prime Minister…
Pakistan’s large-scale manufacturing (LSM) sector slipped into negative territory in FY25, contracting by 0.74% compared with the previous year, fresh data from the Pakistan Bureau of Statistics (PBS) shows. A Mixed Picture: June Growth but Monthly Dip June offered a temporary lift, with year-on-year industrial output rising 4.14%. But the momentum quickly fizzled, as production…
The Directorate General of Customs Valuation in Karachi has revised the reference values used to calculate duties on imported spun yarn, a move aimed at aligning rates with current global market conditions. Under Valuation Ruling No. 64/2025, the updated figures apply to polyester, viscose, acrylic spun yarn, and their blends originating from China, Thailand, Indonesia,…
In a push to tighten tax compliance and plug revenue leaks, Pakistan’s Federal Board of Revenue (FBR) is bringing in 102 industry-specific audit experts to scrutinize business practices across 42 major sectors of the economy. The initiative marks one of the FBR’s largest moves yet toward sector-focused audits, signaling a shift from general inspections to…
The Pakistan Stock Exchange (PSX) extended its winning streak on Tuesday, with the benchmark KSE-100 Index climbing sharply in early trade, adding more than 900 points by mid-morning. By 11:00 am, the index stood at 147,845.28 — up 915.44 points, or 0.62%, from Monday’s close of 146,929.84. The rally built on yesterday’s strong performance, when…
Pakistan is positioning itself for a major push into the US market after securing a tariff deal that could open the door to billions in mining investment—especially in copper. Commerce Minister Jam Kamal Khan told the National Assembly that Washington has shown interest in partnering on mining projects following a revised reciprocal tariff agreement. The…
In a move that could significantly impact the bottom line of elite social and sports clubs across Pakistan, the Federal Board of Revenue (FBR) has redefined the tax status of recreational clubs, stripping them of their non-profit designation under the latest Finance Act 2025. No More Tax Breaks for Exclusive Clubs Previously treated in a…
In a move signaling a tighter grip on the digital economy, Pakistan’s Federal Board of Revenue (FBR) has mandated the collection of sales tax on all online orders — including cash-on-delivery (COD) transactions. This marks a significant policy shift aimed at formalizing the country’s rapidly growing e-commerce sector. E-Commerce Platforms, Couriers, and Payment Gateways Now…