Pakistan’s auto industry posted a strong rebound in FY25, with double- and triple-digit growth across most segments, signalling a revival in demand amid improved macroeconomic conditions. The only exception was the tractor segment, which recorded a sharp 36.4pc decline due to continued stress in the agricultural economy. According to data released by the Pakistan Automotive Manufacturers Associ
The Power Division is making another attempt to convince the federal cabinet to curtail returns on solar net metering and remove electricity duty on consumer bills being resisted by the provinces. Speaking at a news conference on Thursday, Power Minister Awais Leghari said he would be presenting a revised plan to the federal cabinet in a week or two based on consultations with some stakeholders
Pakistan’s major chambers of commerce on Thursday announced a nationwide strike on July 19 in protest against what they described as anti-business measures introduced in the Finance Act FY26 and proposed provincial labour policies. The Karachi Chamber of Commerce and Industry (KCCI) said the strike was being organised in collaboration with leading chambers and trade bodies across the country.
Pakistan is seeking a valuation of at least $1 billion for the Roosevelt Hotel it owns in New York and is ready to part with a minority stake in the prime Manhattan property as it scouts for a redevelopment partner, a senior government official said. Named after former US President Theodore Roosevelt, the century-old property in midtown Manhattan is seen as one of Pakistan’s most valuable forei
The eight-session bull run at the Pakistan Stock Exchange (PSX) came to an end on Wednesday as investors resorted to profit-taking at elevated levels, pulling the benchmark KSE-100 index below the 133,000 mark. The index settled at 132,576.99, down 826.20 points or 0.62 per cent, according to Topline Securities Ltd. The session remained volatile, with the benchmark oscillating between an intrad