News

Pakistan\'s car sales surge 39% in FY26

Car sales in Pakistan rose 39% during FY2025-26, driven by stronger consumer purchasing power, improved auto financing by banks, and a wider range of variants introduced by car assemblers. Car sales surged by 39% to 155,631 units, sales of jeeps and pickups increased by 41% to 50,814 units, sales of trucks and buses rose by 67% to 7,439 units and sales of rickshaws rose by 25% to 985 units, res

Select Technologies raises Rs3.02bn through IPO after strong investor response

Select Technologies Limited (SELECT), a Pakistani manufacturer of smartphones and consumer appliances, has successfully completed its initial public offering (IPO), raising Rs3.02 billion after attracting strong demand from institutional and retail investors, the Pakistan Stock Exchange (PSX) said in a statement. The company offered 88.9 million ordinary shares, representing 10% of its post-iss

Energy storage key to Pakistan’s industrial future: experts

Industry leaders and policymakers have highlighted the importance of advanced energy storage technologies in enhancing Pakistan’s industrial competitiveness, ensuring energy security and supporting the transition towards a sustainable green economy. Speaking at the “Innovation Driving the Energy Future” Growatt Full-Scenario Storage Launch in Lahore, Federation of Pakistan Chambers of Commerce

Imports from Türkiye and Kenya: NTC imposes five-year anti-dumping duties on soda ash

The National Tariff Commission (NTC) has imposed definitive anti-dumping duties on imports of disodium carbonate (soda ash) from Türkiye and Kenya for a period of five years after concluding that dumped imports caused material injury to the domestic industry. According to an official notice issued by the Commission, the investigation was initiated on July 18, 2025, following an application file

Dollar steady before US inflation data, yen under pressure

The dollar steadied on ​Tuesday ahead of US inflation data, with Middle East tensions lifting oil prices while the yen held a soft tone amid caution ‌over possible intervention and after policymakers’ comments on state pension fund allocations. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, eased 0.04% to 101.23. Inflation risks