Business Archives

Business

A digital financial display monitor illustrating a sharp Bitcoin price drop on a red candlestick chart.

Bitcoin Falls Below $55,000, Putting the Crypto Rally to the Test

Nayab Fatima2026-06-02

The mood around the crypto asset market has turned very bearish amid anticipation of further losses and not a swift recovery of the market. The mood of the market players has changed drastically based on the data collected by prediction systems, where a striking 53% of the traders are predicting that the crypto will fall ... Read more

Pakistan Fertilizer Sector outlook improves as analysts raise earnings forecasts and upgrade FFC and EFERT on stronger demand and higher urea prices.

Pakistan Fertilizer Stocks Get Major Boost as Earnings Forecasts Rise

Faraz Ali Ansari2026-06-02

KARACHI: The fertilizer industry in Pakistan has become one of the best investments on the stock exchange as analysts have revised their view positively on the industry following higher fertilizer prices, better farming economics, and prospects of more activity in the agriculture sector in the coming years. Analysts believe that the fertilizer industry has become ... Read more

Over 70% of companies delay Pakistan investment decisions.

70–80pc Businesses Delaying or Revising Investment Decisions in Pakistan, Reveals Latest OICCI BCI Survey

Nayab Fatima2026-06-02

KARACHI: Approximately 70%-80% of companies conducting operations throughout the country have actually decided to hold off on or even modify their investment plans. The just published Business Confidence Index (BCI) Survey Wave 29 conducted by Overseas Investors Chamber of Commerce and Industry (OICCI) reveals an unprecedented drop in the willingness of businesses to take risks. ... Read more

Gold prices in Pakistan today — price board showing 24-karat gold at Rs471,762 per tola after Rs3,100 drop on June 1 2026

Gold Prices in Pakistan Fall Over Rs3,000 Per Tola

Nayab Fatima2026-06-02

After days of upward pressure, gold prices in Pakistan pulled back sharply at the start of June. International prices shed $31 per ounce, dragging local rates down with them. Silver held firm on both fronts. KARACHI: The present value of gold in Pakistan turned its table due to the uprising and experienced a drop of ... Read more

Naya Pakistan Certificates Riyal Dirham — SBP circular graphic showing SAR and AED profit rate structure for overseas Pakistani investors via Roshan Digital Account

SBP Opens Naya Pakistan Certificates to Riyals and Dirhams

Nayab Fatima2026-06-02

KARACHI: Naya Pakistan Certificates Riyal Dirham Investment Window of the State Bank of Pakistan has been expanded to include the Gulf currencies in the list of those acceptable for investments under the Naya Pakistan Certificates Scheme. In a circular issued to all commercial banks, it has been officially announced that the finance division of the ... Read more

Pakistan sugar export approval 2026 PSMA surplus 0.76 million metric tonnes earning $500 million foreign exchange from 2025-26 crushing season

Pakistan’s Sugar Industry Eyes $500 Million Windfall From Export Surplus

Nayab Fatima2026-06-01

ISLAMABAD: The Pakistani sugar industry has managed to manufacture more sugar than the country could use during this year’s production season. It is no lamentation, but rather a historic achievement. The current crushing season of 2025-2026 yielded 7.573 million metric tons of sugar up to March 31, 2026, while there is further manufacture of beet ... Read more

VFS Global faces Lighthouse Reports investigation alleging visa applicants pressured into optional paid services across 71 government contracts

VFS Global Accused of Forcing Visa Applicants to Pay for Optional Services

Nayab Fatima2026-05-31

An international investigation by Lighthouse Reports alleges the world’s largest visa outsourcing company built profit growth on services applicants felt pressured to buy. KARACHI: VFS Global, which operates the largest outsourced visa-processing company working for 71 governments around the world, is under heavy scrutiny from its reputation and regulatory perspective due to the recent international ... Read more

Gerry's dnata customs penalty case Pakistan FBR Rs2.7 billion penalty appeal at Karachi airport cargo terminal May 2026

Gerry’s dnata Customs Penalty Goes to Appeal Company Issues Formal Disclaimer

Nayab Fatima2026-05-31

KARACHI: The world’s leading provider of services in airport ground handling, aircraft cargo terminal and related services to the aviation industry through its Pakistani affiliate, dnata, issued a formal public statement of disclaimer on Friday stating categorically that there was no factual or legal validity to the penalty of Rs2.7 billion levied upon them recently ... Read more

Pakistan car prices after budget as major tariff reforms and import duty cuts boost industry in Budget 2026-27

Shehbaz Clears Historic Duty Cuts for Pakistan’s Auto Industry Ahead of Budget 2026-27

Faraz Ali Ansari2026-05-31

Pakistan car prices after budget 2026-27 may see a drastic change since the Federal Government is expected to cut duties for vehicles on a massive scale. These measures, approved by the Prime Minister Shehbaz Sharif, are part of an overall policy aimed at improving competition and industry development in Pakistan through tariff reduction. ISLAMABAD: In ... Read more

Pakistan food taxes on potatoes onions eggs sugar and cooking oil ahead of Budget 2026

Govt Continues to Impose Heavy Taxes on Essential Food Items Ahead of Budget 2026-27

Faraz Ali Ansari2026-05-31

ISLAMABAD: Despite the financial hardship faced by many citizens because of increasing prices, the government of Pakistan is still levying substantial taxes and levies on essential food items such as potatoes, tomatoes, onions, and eggs, according to government sources. The official documentation reveals that there is a custom duty of 20% and additional duty of ... Read more