ISLAMABAD: Pakistan imported mobile phones worth Rs530.49 billion during the last fiscal year, reflecting the country’s continued dependence on imported handsets. According to official documents, mobile phone imports recorded a 1.07% year-on-year increase, while imports in June 2026 rose by 11.73% compared with the previous month. The data show that during fiscal year 2025–26, Pakistan…

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ISLAMABAD: The federal government collected more than Rs1.478 trillion through petroleum levy and climate support levy, helping keep the budget deficit under control during the last fiscal year. According to official figures, revenue generated from the two levies enabled the government to limit the federal budget deficit to Rs3.34 trillion, equivalent to 2.6% of Gross…

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KARACHI: The government has reduced the profit rates on several National Savings Schemes, lowering returns for investors and account holders. According to an official notification issued by the Central Directorate of National Savings (CDNS), the annual profit rate for the Behbood Savings Certificate and the Pensioners’ Benefit Account has been revised to 12.96%. The notification…

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KARACHI: The government has increased the price of jet fuel used by commercial aircraft, marking another rise in aviation fuel costs. According to official sources, the price of Jet A-1 fuel has been increased by Rs40.35 per litre, taking the new price to Rs291.55 per litre. Sources added that this is the latest in a…

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KARACHI: Gold prices in Pakistan recorded a significant increase on Saturday, with the price of 24-karat gold rising by Rs2,400 per tola, according to the All Pakistan Gems and Jewellers Association (APGJA). Following the increase, the price of one tola of gold reached Rs424,236 in local markets across the country. The association also reported that…

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KARACHI: Gold prices in Pakistan increased on Thursday, with the price of 24-karat gold per tola rising by Rs400, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). Following the increase, the price of one tola of gold reached Rs425,436 in the local market. The association also reported that the price of 10…

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LONDON: Global oil prices climbed for a fourth consecutive trading day as concerns intensified over possible disruptions to energy shipments through the Strait of Hormuz following the latest U.S. military strikes in Iran. According to Reuters, benchmark crude prices continued their upward trend as investors reacted to heightened geopolitical tensions in the Gulf region, one…

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ISLAMABAD: Pakistan’s oil marketing companies have warned the government of a potential petrol shortage, saying the country has fuel reserves sufficient for only 15 days and calling for urgent intervention to prevent disruptions in supply. In a letter marked “Most Urgent” and addressed to Minister for Energy (Petroleum Division) Ali Pervaiz Malik on July 15,…

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ISLAMABAD: The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate will reach 8.4 percent during the 2026–27 fiscal year, exceeding both the government’s inflation target and the average recorded in the previous fiscal year. The projection is contained in the IMF’s latest country report on Pakistan, which outlines the Fund’s economic outlook…

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LONDON: Global oil prices climbed by nearly 9 percent amid escalating tensions between the United States and Iran, as investors reacted to growing concerns over the security of energy supplies through the Strait of Hormuz. According to media reports, Brent crude oil rose 9.1 percent to $82.90 per barrel, while West Texas Intermediate (WTI) crude…

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