The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has warned the government that ignoring localisation in the Auto Policy will badly hit the steel melting industry. In a statement on Monday, Chairman PAAPAM Usman Aslam Malik said the PAAPAM has been in continuous dialogue with the government over the past year on the forthcoming Auto Policy 2026-31. “PAAPAM’s
The government has expanded the scope of Naya Pakistan Certificates (NPCs) scheme by introducing investment options in Saudi Arabian Riyal (SAR) and UAE Dirham (AED), aiming to attract more investment in the bonds from overseas Pakistanis residing in the Gulf region. The State Bank of Pakistan (SBP) on Monday revealed that the Finance Division’s External Finance Wing, through Gazette Notificati
Former Vice President of FPCCI, Tariq Haleem has said that the upcoming federal budget, being formulated under the stringent conditions of the IMF, may create further difficulties for the business community, industries, and the general public. He urged the government to avoid measures that could slow down economic activity and negatively affect the investment climate. Tariq Haleem stated tha
Pakistan Textile Council (PTC) Chairman Fawad Anwar has urged the government to adopt the textile and apparel industry’s budget recommendations for FY2026-27, warning that these proposals represent the minimum requirements necessary to preserve the viability of Pakistan’s largest export sector. Speaking on behalf of the country’s leading textile and apparel associations, Fawad Anwar said that t
The Consumer Price Index-based inflation surged to 11.7 percent year-on-year (YoY) in May 2026, the highest in 23 months, amid worsening Middle East tensions that have intensified energy-related pressures. According to the Monthly Review on Price Indices released here on Monday by the Pakistan Bureau of Statistics (PBS), this marks a steady escalation from the 10.9 percent reported in April 202