Category: bussines

ISLAMABAD: The inflation rate stayed above 6.1% for the second consecutive month, but the underlying inflationary pressure receded in November amid strong calls to cut interest rates to reflect ground realities. The Pakistan Bureau of Statistics (PBS) reported on Monday that the headline inflation rate remained stable at around 6.1% in November compared to a year ago. But the other two indicators, the monthly inflation and non-food, non-energy inflation, decelerated, which showed that there was no buildup of price pressure last month. The central bank has been resisting demands from…

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KARACHI: The Pakistan Stock Exchange (PSX) welcomed both the first trading day of December and the first session of the new week with a rebound, gaining nearly 1,400 points. Despite remaining under pressure in the morning, the market made a swift recovery as investor sentiment strengthened. Fresh investment flowed into key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil & gas exploration and marketing. Adding to the upbeat tone, Pakistan’s core inflation for November cooled mildly, slipping to 6.15% from 6.24% in the previous month. Investors interpreted it as…

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ISLAMABAD: Pakistan’s auto industry has expressed its dismay over the rising import of used cars, which is said to have caused a loss of Rs50 billion during the last one year. Pakistan is the only auto manufacturing country in Asia where used vehicles swallow a significant part of the market, accounting for nearly 25% of domestic sales between December 2024 and December 2025. In comparison, the share of used cars remains negligible in regional peers: India has virtually zero used car inflows, Vietnam has 0.3% used car share and Thailand…

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ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday said climate change was an urgent economic reality for Pakistan, reaffirming the government’s commitment to advancing sustainable finance, green taxonomy, and climate-aligned disclosure frameworks. Stressing the need to support SMEs in formalising their financial reporting practices, he highlighted Pakistan’s proactive regulatory direction in digital assets and emerging technologies, where new institutional frameworks are being established to bring innovation into the formal, transparent, and compliant economy. The finance minister made these observations while talking to a delegation led by International Federation of…

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Gold prices surged in Pakistan on Saturday after a sharp rise in the international bullion market, where the yellow metal gained $53 per ounce to reach $4,218. After a two-day pause in trading, domestic bullion markets raised the price of 24-carat gold by Rs5,300 per tola, taking it to Rs444,162. The rate for 10 grams also increased by Rs4,544 to settle at Rs380,797. Silver prices followed the same upward trend, with the per-tola rate climbing by Rs267 to Rs5,909 and the 10-gram price rising by Rs229 to Rs5,066. Read: https://tribune.com.pk/story/2579688/sbp-pumps-rs107tr-into-money-market Earlier on…

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KARACHI: The government raised more than Rs1.03 trillion on Wednesday through auctions of treasury bills, Pakistan Investment Bonds (PIB) and the Government Ijara Sukuk (GIS). The State Bank of Pakistan (SBP) conducted the three auctions, which attracted strong investor participation across conventional and Islamic instruments. In the T-bill auction, the SBP targeted Rs650 billion but received an overwhelming response as bids totalled Rs1.803 trillion. It accepted Rs749 billion across all four tenors. The one-month paper attracted the highest bids of Rs648 billion against the target of Rs100 billion, though only…

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LAHORE: The Pakistan Business Forum (PBF) has urged the federal government and all provincial stakeholders to initiate an immediate and comprehensive revision of the National Finance Commission (NFC) award, stating that an updated fiscal framework is now critical to Pakistan’s governance, economic revival and agricultural transformation. PBF provincial leaders Malik Talat Suhail, M Ashfaq Paracha, Daroo Khan Achakzai, Tariq Jadoon and Malik Khuda Baksh emphasised that the existing distribution formula, shaped nearly 15 years ago, no longer reflects the country’s current economic realities, demographic pressures, climate vulnerabilities and national development…

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ISLAMABAD: In a historic step towards advancing Pakistan’s scientific and technological capabilities, Federal Minister for National Food Security & Research Rana Tanveer Hussain has announced the launch of the country’s first-ever public-private genomics joint venture. This initiative aims to strengthen national research institutions, promote agricultural innovation and improve healthcare through indigenous genomic research and diagnostics. The venture is between the National Institute for Genomics and Advanced Biotechnology (NIGAB), PARC-Agro Tech Company and Blazon Diagnostics. Speaking at the event, Rana Tanveer Hussain emphasised that the joint venture marked a key milestone…

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LAHORE: Punjab Governor Sardar Saleem Haider has remarked that the Governor House serves as a facilitation centre for the business community and will continue to provide all possible support to businesses. He said that the lack of trust between the government and the business community must end, because policies could not be effective unless traders were consulted in the policymaking process. He expressed these views while addressing a meeting at the Lahore Chamber of Commerce & Industry (LCCI). The governor said that the government should formally consult the business community…

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ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik participated in a panel discussion organised by the Pakistan Business Council titled “Climate Resilience: Who Pays the Price for Delay?” The session brought together key stakeholders to discuss the escalating human, economic, and environmental costs of climate inaction. Speaking on the occasion, Malik underscored the devastating impact of climate-induced disasters on Pakistan. He highlighted that approximately 4,700 lives have been lost in the last four major floods, more than any war the country has faced. In addition, nearly…

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