Business

KARACHI: The State Bank of Pakistan (SBP) on Monday raised its key policy rate by 50 basis points to 12% as higher energy prices amid geopolitical tensions increased inflation risks. SBP Governor Jameel Ahmad announced the decision at a press conference in Karachi following a meeting of the central bank’s Monetary Policy Committee (MPC). The […]

ISLAMABAD: Pakistan has turned down a $490 million commercial loan proposal by the Islamic Development Bank (IsDB) Group due to higher interest rates, amid elevated gross financing needs (GFN) that the finance ministry has estimated at around 20% of the size of the nation’s economy. The facility was refused a couple of months after Pakistan […]

ISLAMABAD: Thousands of petrol consumers have been denied subsidies, announced last month to provide relief to motorcycle, rickshaw and small car owners in the face of elevated international oil prices, but the system has exposed faults. Sources told The Express Tribune that a high-level meeting was held where the issue was taken up. During the […]

Pakistan’s leading listed companies remain only moderately transparent in corporate reporting, with disclosures on human rights, environmental, social and governance (ESG) issues and anti-corruption programmes emerging as major weaknesses, according to a new assessment by Transparency International Pakistan. The Transparency in Corporate Reporting Assessment (TRAC) 2026, covering 104 public limited companies listed on the Pakistan […]

ISLAMABAD :Federal Minister for Commerce, Jam Kamal Khan on Thursday reviewed issues hampering Pakistan’s exports and discussed practical measures to improve competitiveness, reduce the cost of doing business and expand access to international markets. He chaired a follow-up consultative meeting with leading exporters and senior government officials to assess progress on issues raised during an […]

ISLAMABAD :Advisor to the Finance Minister Khurram Schehzad on Thursday said the World Bank (WB) had acknowledged Pakistan’s progress in restoring macroeconomic stability, strengthening fiscal discipline and advancing structural reforms, while highlighting the country’s potential to significantly increase per capita incomes by 2050. In a post on social media platform X, the advisor while highlighting […]

ISLAMABAD, :The World Bank Group on Thursday released its latest report, titled Pakistan Development Update: October 2026 — Attaining Escape Velocity, saying the country could triple its incomes by 2050 through accelerated structural reforms to boost private investment and sustain economic growth. The report said that following progress in macroeconomic stabilization, Pakistan has an opportunity […]

ISLAMABAD :Gold prices witnessed a decline in the domestic market on Thursday, with the price of 24-karat gold per tola falling by Rs3,000 to Rs431,536, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association. Similarly, the price of 10 grams of 24-karat gold decreased by Rs2,572 to Rs369,972, while the price […]

Prime Minister Shehbaz Sharif on Tuesday gave in-principle approval to the Auto Policy 2026-31, which proposes reducing the average tariff to 15% and lowering the GST rate on various electric and hybrid vehicle variants. The government proposed an Auto Development Levy with different rates to collect Rs232bn over five years. This amount is going to […]