Category: Business
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Sindh Cabinet Approves Tax and Registration Incentives for Electric Vehicles
KARACHI: The Sindh Cabinet has approved a package of tax and registration incentives to promote the use of electric vehicles (EVs) across the province. The meeting, chaired by Sindh Chief Minister Murad Ali Shah at the Chief Minister’s House, reaffirmed the provincial government’s commitment to promoting environmentally friendly and sustainable transportation. The chief minister said…
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Government Decides to Purchase One Spot LNG Cargo
ISLAMABAD: The Government of Pakistan has decided to purchase one spot liquefied natural gas (LNG) cargo to meet the country’s energy requirements. Pakistan LNG Limited (PLL) has issued a tender for the procurement of one LNG cargo, inviting international suppliers to submit their bids for the required shipment. According to Pakistan LNG Limited, bids have…
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Gold Price Falls by Rs1,800 per Tola
KARACHI: The price of gold in Pakistan recorded a decline of Rs1,800 per tola, according to the All Pakistan Gems and Jewellers Association. Following the decrease, the price of one tola of gold fell to Rs466,136. The association said that the price of 10 grams of gold declined by Rs1,543 to Rs399,636. Meanwhile, in the…
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Pakistan Ready for Future Technology and Digital Economy: Bilal Bin Saqib
State Minister and Chairman of the Pakistan Virtual Assets Regulatory Authority Bilal Bin Saqib said Pakistan is ready to embrace future technologies and the digital economy. Addressing the Bitcoin Asia Conference in Hong Kong, he said Pakistan has made significant progress in understanding emerging financial and technological developments. Bilal said Pakistan established a regulatory framework…
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Petrol, Diesel Prices Cut Marginally by Government
ISLAMABAD: The government has announced a slight reduction in the prices of petrol and diesel, with the new rates taking effect from August 29. According to a notification issued by the Petroleum Division, the price of petrol has been reduced by 58 paisa per litre, bringing the new price to Rs342.02 per litre. The price…
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$3.5 Billion Falcon Isles Refinery Project Gets CPEC Endorsement
ISLAMABAD: Pakistan’s proposed $3.5 billion Falcon Isles Refinery and Storage Complex has reached an important institutional milestone after receiving endorsement from the China-Pakistan Economic Corridor (CPEC) Secretariat. The project, planned for Dhabeji in Thatta district, has been formally endorsed by the CPEC Secretariat, which has asked the Board of Investment (BOI) to present the project…
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10 interested parties prequalified for FESCO privatisation
ISLAMABAD: The Privatisation Commission (PC) Board has approved the prequalification of 10 Interested Parties (IPs) for the privatisation of the Faisalabad Electric Supply Company (FESCO), according to a press release issued by the commission on Friday. The decision was taken at the 258th meeting of the PC Board, held in Islamabad and chaired by Muhammad…
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Used Car Imports Decline in Pakistan in Both Quantity and Value
ISLAMABAD: Pakistan witnessed a decline in the import of used vehicles during the fiscal year 2025-26, with both the number of vehicles imported and their total value falling compared with the previous financial year. According to the available figures, a total of 36,755 used vehicles were imported into Pakistan during the last fiscal year, with…
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Gold Price Falls by More Than Rs3,000 per Tola in Pakistan
KARACHI: The price of gold in Pakistan fell by more than Rs3,000 per tola, according to the All Pakistan Gems and Jewellers Association. The association said the price of gold decreased by Rs3,500 per tola, bringing the price of one tola of gold down to Rs483,036. The price of 10 grams of gold also declined…
