Prime Minister Shehbaz Sharif on Monday lauded the economic team led by Finance Minister Muhammad Aurangzeb following the State Bank of Pakistan’s (SBP) decision to cut the benchmark interest rate by 50 basis points. In a statement, Sharif expressed confidence that the rate cut was a sign of positive momentum for the country’s economy. He framed the decision as part of broader efforts to stabil
Pakistan has allowed export of Kinnow and potatoes to Common Wealth of Independent States (CIS) through Iran land route, after the government grants one-time exemption from Financial Instruments (FIs). According to the information shared with the National Assembly Standing Committee on Commerce, since December 5, 2025, exports of Kinnow and potatoes through land route began to SIC countries and
Oil prices fell on Tuesday, adding to the previous session’s losses, as prospects for a Russia-Ukraine peace deal appeared to strengthen, raising expectations of a potential easing of sanctions. Brent crude futures fell 35 cents, or 0.6%, to $60.21 a barrel by 0350 GMT, while US West Texas Intermediate crude was trading at $56.52 a barrel, down 30 cents, or 0.5%. “Crude oil fell as the marke
The Pakistani rupee strengthened against the US dollar, appreciating 0.06% during the opening minutes of trading in the inter-bank market on Tuesday. At 10:05am, the local currency was hovering at 280.15, a gain of Re0.16 against the greenback. On Monday, the local unit closed at 280.31. Internationally, the US dollar sagged to near a two-month low at the start of the Asian trading session o
DH Partners Limited (DHPL) has announced plans to amalgamate with Cyan Limited into Dawood Lawrencepur Limited (DLL) through a court-approved Scheme of Arrangement. DHPL announced the development via a notice to the Pakistan Stock Exchange (PSX) on Tuesday. Under the proposed scheme, subject to the requisite corporate and regulatory approvals, including the sanction of the Islamabad High Cou