Competition watchdog swoops on Gujrat fan makers over cartelization fears
The Competition Commission of Pakistan (CCP) has taken enforcement action against two top electric fan manufacturers in Gujrat, raiding their offices and that…
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Business
Updates on Pakistan’s economy, trade, markets, finance, entrepreneurship, and global business trends
OGRA reduces LPG rates by Rs17.74 per kg for August in line with global price trends
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has officially announced a price cut of Rs17.74 per kilogram in Liquefied Petroleum Gas (LPG) for the…
KSE-100 index smashes records, closes above 141,000 amid energy sector boom
KARACHI: In a historic trading session on Friday, the Pakistan Stock Exchange (PSX) saw the KSE-100 index skyrocket past the psychological barrier of 140,000,…
Does Pakistan have massive oil reserves? Here’s what Trump’s claim actually means
ISLAMABAD – Former U.S. President Donald Trump made headlines with a bold statement that Pakistan has “massive” oil reserves and that a deal has been reached to…
Pakistan sees inflation uptick to 4.1% in July, but still far lower than last year’s double-digit…
ISLAMABAD – Inflation in Pakistan edged higher to 4.1% in July 2025, showing a modest rise from the 3.2% recorded in June, but a significant improvement…
Pakistan inks first US oil import deal with Vitol, Cnergyico to bring 1M barrels in October
KARACHI – In a major breakthrough for Pakistan’s energy sector, local oil refiner Cnergyico has finalized a deal with Vitol to import 1 million barrels of U.S.…
FBR surpasses July revenue target with Rs755b collection amid growing tensions with traders
ISLAMABAD – In a promising start to the fiscal year 2025-26, the Federal Board of Revenue (FBR) reported revenue collection of Rs755 billion for July—exceeding…
Texworld LA 2025 wraps up with strong showing from Pakistani exhibitors
The 2025 edition of Texworld and Apparel Sourcing Los Angeles concluded on July 31, bringing together top-tier textile and apparel suppliers from across the…
Interloop Limited digitizes procurement with SAP Ariba to boost efficiency and global sourcing
ISLAMABAD: In a major digital leap, Interloop Limited—a leading Pakistani textile exporter—has partnered with SAP to implement SAP Ariba, aiming to modernize…
OGDC leads mutual fund investments in Pakistan, followed by PPL and PSO
Mutual funds in Pakistan are heavily invested in Oil & Gas Development Company Limited (OGDC), making it the top mutual fund holding, as revealed in a…