The import of used vehicles jumped by nearly 41 per cent in the second half of FY25 following the introduction of faceless customs clearance, though revenue growth remained marginal, indicating limited fiscal gains despite higher volumes. Between Dec 16, 2024 and June 30, 2025, a total of 25,347 vehicles were imported under the new system compared to 17,958 units cleared during June 1 to Dec 15
The Pakistan Stock Exchange (PSX) extended its record-breaking run on Tuesday, with the benchmark KSE-100 index closing above the 147,000 mark for the first time in history, despite a volatile trading session. According to data from Topline Securities Ltd, the KSE-100 index finished at 147,005.32 points, posting a modest gain of 75.48 points, or 0.05 per cent. The session was marked by sharp in
Pakistan’s exporters are poised to gain a significant competitive advantage in the US market after the government successfully negotiated a reduction in reciprocal tariffs — from 29pc to 19pc — the lowest rate in the region. An official statement issued by the Ministry of Commerce on Tuesday noted that the reduced tariff will create new opportunities for Pakistani exporters to expand their foot
The State Bank of Pakistan (SBP) has reportedly selected a Japanese firm to develop a central bank digital currency (CBDC), following the federal government’s formal approval of the Virtual Assets Act 2025 last month. Japanese news outlet Nikkei Asia reported on Tuesday that Soramitsu, a blockchain technology developer based in Japan, is collaborating with the SBP on a pilot programme to introd
The Ministry of Planning and Development has authorised the release of Rs141 billion under Public Sector Development Programme (PSDP) for the projects of federal ministries and divisions for the first quarter (July-September) of the current fiscal year. Funds for Azad Jammu and Kashmir, and Gilgit-Baltistan will be released on a biannual basis due to seasonal constraints, according to the m