Staff Report Pakistan car sales, as reported by PAMA, reached 11,034 units in July 2025, up 28% year-on-year but down 49% month-on-month. The monthly decline was mainly due to a high base in June 2025, driven by pre-buying ahead of anticipated budgetary changes and accelerated purchases by buyers. Year-on-year growth was supported by a more…
The Competition Appellate Tribunal (CAT) has upheld a ruling by the Competition Commission of Pakistan (CCP) against the Pakistan Flour Mills Association (PFMA) for fixing wheat flour prices, a practice deemed to violate Section 4 of the Competition Act, 2010. The Tribunal directed the Association to pay a reduced fine of PKR 35 million to…
The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday, with the benchmark KSE-100 Index gaining more than 900 points in early trade. At 10:55am, the index stood at 147,845.28, marking an increase of 915.44 points, or 0.62%. Strong buying was seen in sectors such as automobile manufacturing, commercial banking, oil and gas exploration,…
The Pakistani rupee showed relative stability against the US dollar on Tuesday, with marginal movement in the open market. According to currency market data from August 12, 2025, the buying rate for the dollar was recorded at Rs 284.1, while the selling rate stood at Rs 285.6. In the interbank market, the rupee traded at…
The State Bank of Pakistan (SBP) has issued its latest Mark-to-Market currency rates for 11 August 2025, offering fresh guidance to businesses, investors and the public on foreign exchange trends. The figures, compiled from brokerage houses and Reuters Eikon Terminal, represent the weighted average of closing interbank exchange rates. Key currencies tracked include the US…
The Pakistan Stock Exchange (PSX) maintained its upward momentum on Monday, with the benchmark KSE-100 Index rising by 1,547.05 points, or 1.06 percent, to close at an all-time high of 146,929.84. The index had ended the previous session at 145,382.80. Market observers said the rally was driven by optimism over reports that US companies were…
A high-level meeting of the Sub-Committee on Regulatory Reforms, chaired by Special Assistant to the Prime Minister on Industries and Production Haroon Akhtar Khan, was held on Monday to review proposed changes to the Companies Act 2017. The session was attended by Scott Jacobs, along with representatives from the Board of Investment (BOI), the Securities…
inDrive, a global mobility and urban services platform, has joined hands with Essa Labs to offer its driver community discounts of up to 40% on a wide range of diagnostic tests. The initiative is part of inDrive’s commitment to supporting the health and well-being of its drivers. With thousands of drivers clocking in long hours…
The Competition Commission of Pakistan (CCP) has reported that sugar millers submitted inaccurate data on sugar production, stocks, and cane output to the Sugar Advisory Board (SAB). The issue was raised during a meeting chaired by Federal Finance Minister Senator Aurangzeb, who received a detailed briefing on challenges in promoting fair competition in the sugar…
Gold prices in Pakistan fell sharply on Monday, marking one of the biggest single-day declines in recent weeks. According to the All Pakistan Sarafa Gems and Jewellers Association, the rate of 24-karat gold dropped by Rs3,600, bringing it to Rs358,800 per tola. The price of 10 grams of 24-karat gold also slipped by Rs3,086 to…
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