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Business

Pakistan import duty cut illustration showing import duty boxes symbolizing the government's tariff reductions under the National Tariff Policy 2025-30.

Pakistan Slashes Import Duty 60%, Cheap Imports Shake Local Industry

Faraz Ali Ansari2026-07-08

ISLAMABAD: Government has lowered the maximum regulatory duty applicable on imports from 50 percent to 20 percent with effect from July 1, 2026. Notification supersedes SRO 1152(I)/2025 and represents second consecutive year of lowering tariffs under National Tariff Policy 2025-30. Automobile imports absorb the deepest cut. The 50 percent RD slab that once applied to ... Read more

PSX plunges after Trump ends Iran ceasefire, KSE-100 index falls sharply

Trump’s Ceasefire Announcement Jolts Markets as PSX Falls and Oil Prices Surge

Nayab Fatima2026-07-08

KARACHI: The Pakistan Stock Exchange (PSX) experienced a massive sell-off today Wednesday following the decision by US President Donald Trump to end the Iranian ceasefire, panicking the investors. Trump Kills Iran Cease-fire at NATO Summit Addressing reporters in Ankara, Turkey, where he was attending the NATO summit, Trump ends Iran ceasefire after a night of ... Read more

FIEDMC industrial plots crackdown as Punjab plans a 113-acre bonded warehouse and new facilities for Chinese investors in Faisalabad.

Punjab to Cancel Idle Industrial Plots, Builds Mega Trade Infrastructure

Focus Pakistan2026-07-08

FAISALABAD: The Faisalabad Industrial Estate Development and Management Company is moving to cancel plots held by investors who’ve sat on empty land for nearly a decade, while simultaneously building a 113-acre bonded warehouse and a dedicated community center for Chinese investors. FIEDMC CEO Qurrat-ul-Ain Memon laid out both plans at a meeting with the Faisalabad ... Read more

PSW LUMS MoU signing ceremony to strengthen Pakistan's digital trade, customs training, and trade facilitation initiatives.

PSW, LUMS Join Hands to Revolutionize Pakistan’s Trade Future

Faraz Ali Ansari2026-07-08

ISLAMABAD: Pakistan Single Window and the LUMS signed a Memorandum of Understanding this week, committing both institutions to joint work on capacity building, executive education, and research across Pakistan’s trade facilitation sector. Aftab Haider, CEO of Pakistan Single Window, signed the agreement alongside Dr Tariq Jadoon, Provost of LUMS, at PSW’s head office in Islamabad. ... Read more

SBP Minimum Deposit Rate removed for trusts, private companies and large individual deposits, giving Pakistan banks greater pricing flexibility.

SBP Ends Deposit Rate Guarantee, Banks Eye Billions in Extra Profits

Faraz Ali Ansari2026-07-08

KARACHI: The State Bank of Pakistan has scrapped the minimum deposit rate requirement on trusts, private limited companies, and individual accounts holding more than Rs10 million, freeing banks to price roughly Rs4.5 trillion in deposits however they see fit. A fresh central bank circular removes the last leg of a rule that once forced banks ... Read more

Air Link Select Technologies Islamic Financing: PKR4.76bn 10-Year Facility Closed

InfraZamin Guarantee Powers PKR 4.76 Billion Financing Deal for Tech Firms

Nayab Fatima2026-07-07

KARACHI: The financial closing of the PKR4.76 billion 10-year Islamic Syndicated Term Finance Facility in favor of Air Link Communication Limited and Select Technologies Limited has been successfully achieved by a consortium of financial institutions led by Bank of Punjab, with the guarantee of InfraZamin Pakistan Credit Guarantee. This deal has become the first ever ... Read more

Engro Vopak Terminal Limited facility Pakistan as EVTL partners with S&P Global Energy for LPG infrastructure feasibility study including first refrigerated LPG import storage facility

Engro Vopak and S&P Global Launch LPG Infrastructure Feasibility Study

Nayab Fatima2026-07-07

The Engro Vopak Terminal Limited has teamed up with S&P Global Energy to undertake an in-depth feasibility study for expansion of Pakistan’s LPG facilities, which could involve developing the nation’s very first refrigerated LPG importing and storing station. The Engro Vopak LPG infrastructure Pakistan project has emerged due to a structural weakness within the Pakistani ... Read more

Pakistan federal debt reaches Rs82 trillion as the Auditor General flags a Rs1.83 trillion budgeting blunder, raising fresh concerns over debt management and fiscal oversight.

Pakistan’s Debt Hits Rs82tr as Watchdog Exposes Rs1.83tr Budget Blunder

Faraz Ali Ansari2026-07-07

ISLAMABAD: Pakistan’s total federal debt increased to Rs 82 trillion, and its top auditor has raised concern about a second issue worth Rs 1.83 trillion in a budgeting mistake, a double whammy that hits a finance ministry managing its debt department without a permanent secretary for six months. State Bank of Pakistan revealed the figures ... Read more

Pakistan cotton output crashes to 5.6 million bales as China expands joint research, seed development and mechanized harvesting to revive Pakistan's cotton sector.

Pakistan Cotton Output Crashes to 5.6 Million Bales, China Steps In

Faraz Ali Ansari2026-07-07

LAHORE: Pakistan’s cotton output fell to 5.6 million bales last season, the weakest harvest in 30 years Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Commercial Ambassador Adeel Munawar revealed Monday at a meeting held at the PCJCCI Secretariat. His diagnosis, though, cut against the usual excuses. Pakistan Cotton Output Hits 30-Year Low Farmers ... Read more

Pakistan Railways record revenue FY26 of Rs115 billion highest in 78 year history

Pakistan Railways Delivers Best Financial Performance in 78 Years

Nayab Fatima2026-07-07

Record-breaking earnings have been recorded by Pakistan Railways in the form of Rs115 billion in its fiscal year 2025-26, which was termed by Federal Minister for Railways, Mr Hanif Abbasi, as the first time in the history of the organization’s 78 years that such a level of revenue had been reached. FY26 financial records of ... Read more