Business Archives

Business

Millat Tractors EV motorcycle feasibility study confirmed at preliminary stage as MTL group company evaluates electric bike production in Pakistan through PSX clarification filing May 2026

Millat Tractors EV Motorcycle Move Is Not What the Market Thinks, Here Is What MTL Actually Said

Focus Pakistan2026-05-08

LAHORE: Millat Tractors Limited took measures to dispel all rumors regarding this issue by issuing a clarification on the Pakistan Stock Exchange, which clarified that a group company was considering the viability of launching an electric motorcycle line in Pakistan but emphasized that its Millat Tractors EV motorcycle feasibility study was still in a preliminary ... Read more

Yango Rides for Business corporate mobility transport service launched in Pakistan with employee transportation solutions and cost savings for companies

Corporate Mobility Redefined:Yango Pakistan Launches Yango Rides for Business

Focus Pakistan2026-05-06

KARACHI: Yango Pakistan, part of the global technology company Yango Group, has launched Yango Rides for Business, a corporate ride service introducing tailored mobility solutions for businesses of all sizes. It is now fully operational in Karachi and Lahore, with Islamabad scheduled to go live soon. Also Read: inDrive Retains #1 Spot as Pakistan’s Top ... Read more

SPARC proposes cigarette taxes increase in Pakistan budget 2027 to raise Rs51 billion in federal revenue prevent 370000 youth from smoking

Pakistan Is About to Make Cigarettes Much More Expensive

Focus Pakistan2026-05-06

SPARC, an NGO based in Rawalpindi, has recommended a marked hike in the Federal Excise Duty for cigarettes before Pakistan’s next federal budget for 2026–27, stating that hiking cigarette taxes in the country’s budget 2027 will result in billions in additional government income, as well as safeguarding hundreds of thousands of young Pakistanis from becoming ... Read more

gold price in Pakistan, per tola gold rate, international gold market

Gold Price in Pakistan Surges Rs11,100 Per Tola as Global Markets Stay on Edge

Focus Pakistan2026-05-06

KARACHI: The gold price in Pakistan witnessed another massive surge on Wednesday, leaving consumers amazed and jewelers adjusting their price boards once again. According to the All Pakistan Gems and Jewellers Association, the gold price per tola increased by Rs11,100, taking the total price to Rs488,962 per tola. Similarly, 10 grams of gold also witnessed ... Read more

Pakistan textile exports hit record $15.07 billion in 10MFY26 as April 2026 monthly exports surge 22.81 percent year on year to $1.498 billion amid global demand recovery

Pakistan Textile Exports Cross $15 Billion Despite Global Chaos and Regional War

Focus Pakistan2026-05-06

ISLAMABAD: Pakistan’s textile exports gave one of its best months since time immemorial in April 2026, posting a 22.81% growth from the previous year’s figure, reaching $1.498 billion from $1.22 billion last year in April and increasing from March 2026’s value of $1.35 billion, showing an upward monthly trend. The impressive results achieved by April ... Read more

Pakistan trade deficit hits 46-month high of $4.07 billion in April 2026 as imports surge 7.5% to $6.55 billion while exports grow just 14% to $2.48 billion

Pakistan Trade Deficit Jumps as Import Bill Climbs Rapidly

Focus Pakistan2026-05-05

KARACHI: The trade deficit of April 2026 in Pakistan is said to have been $4 billion. This trade deficit figure for Pakistan marks the highest recorded for 46 months as well as increasing gap between import and export within the country. The data collected by the Pakistan Bureau of Statistics on Tuesday showed that the ... Read more

Bank Makramah financial results Q1 2026 showing Rs714 million loss and banking performance analysis

Bank Makramah Posts Rs714 Million Loss Despite Signs of Recovery

Focus Pakistan2026-05-05

KARACHI: Bank Makramah financial results for Q1 2026 show a Rs1.21 billion pre-tax loss, compared with Rs729 million in the same period last year, as declining investment income weighed on earnings despite improvements in capital position and advance yields. The bank reported a loss after tax of Rs. 714 million against Rs. 870 million in ... Read more

NETSOL Technologies profit surges 498 percent in 9MFY26 as net earnings reach Rs1.67 billion on 41 percent revenue growth and 89 percent gross profit expansion on PSX

NETSOL Just Turned Rs279 Million Into Rs1.67 Billion

Focus Pakistan2026-05-05

For the first nine months of its current financial year, ending on March 31, 2026,NETSOL Technologies Limited has reported a net income of Rs1.67 billion, marking a massive 498% increase compared to the net income of Rs278.86 million achieved during the corresponding period in the previous year. The NETSOL Technologies profit figures constitute one of ... Read more

Pakistan pharma profits surge amid rising drug prices and API cost pressures in pharmaceutical sector Pakistan

Pakistan Pharma Profits Surge 17% — API Costs Threaten Gains in Q1 2026

Focus Pakistan2026-05-04

KARACHI: Pakistan pharma profits margin witnessed a good beginning in Q1 2026, registering a rise of 17% on the yearly basis mainly owing to price corrections, favorable demand trends, and lower finance costs. Yet, a huge fall in the sequential performance indicates that some new challenges may emerge for the industry in the near term. ... Read more

PICT takeover as foreign firm moves to acquire Pakistan International Container Terminal

Foreign Firm Targets Pakistan’s Key Port — Who’s Really Behind the PICT Takeover?

Focus Pakistan2026-05-04

KARACHI: A foreign consortium has moved to acquire a controlling stake in Pakistan International Container Terminal (PICT), triggering fresh concerns over strategic asset control and transparency in Pakistan’s port sector. According to a public announcement, Sea Link Group Limited, along with Euroasia Terminal (Pvt.) Limited, intends to acquire at least 83.14% of the issued and ... Read more