Pakistan's export of manpower to various regions across the globe has become an important aspect of its economic landscape. With millions of Pakistanis working abroad, their contributions via remittances have emerged as a lifeline for the country's economy, especially in times of economic turbulence. However, the accompanying brain drain raises complex questions about the nation's future developme
Passenger car sales rose by 51.3% to 46,398 units during the first six months of the current fiscal year (H1FY2025) compared to the same period last year, driven by skyrocketing remittances, falling interest rates, and the arrival of a new year, which boosted the confidence of local buyers. The car sales figures also reported a slight month-on-month decrease. However, the cumulative total durin
Pakistan plans to issue Yuan-denominated Panda Bonds by June 2025 to enhance its capital market integration with China, Federal Minister for Finance and Revenue Muhammad Aurangzeb said. In an interview with the South China Morning Post (SCMP), Aurangzeb reaffirmed Pakistan's commitment to deeper cooperation with Beijing under the second phase of the China–Pakistan Economic Corridor (CPEC), emph
The Ministry of Commerce has recommended the removal of cap on electric vehicle (EV) batteries for cars, vans and sports utility vehicles (SUVs), as well as elimination of 25% sales tax on EVs. The issue was taken up in a recent meeting of the steering committee focused on policies for EVs. During the meeting, the additional secretary of the Ministry of Commerce recommended the scrapping of
The Pakistan Stock Exchange (PSX) extended its recovery drive for the third straight session, propelling the benchmark KSE 100 index above 114,000 on select buying on strong valuations on Tuesday. Ahsan Mehanti of Arif Habib Corporation said that easing political noise, higher global crude oil prices, and speculations over monetary policy easing kept attracting buying interest from investors.