FACTFLOW

Wednesday, 01 April 2026 ¡ Global Edition ¡ Updated 15:25 CST
Business

Sustainable growth key to economic transformation, says minister

ISLAMABAD: Pakis­tan’s journey towards a trillion-dollar economy is only possible through alignment of policy, capital industry, and institutions, said Minister for Board of Investment Qaiser Ahmed Sheikh, pointing out that fragmented progress can

Business

Australian help sought to boost agri yields

ISLAMABAD: Pakis­tan is seeking Australian expertise to establish foot-and-mouth disease (FMD)-free zones and improve animal weight and yield to ensure profitability for farmers. Food Security Minister Rana Tanveer Hussain met Australian H

Business

Used phone rates to fall as govt revisits valuation

• Ruling covers 62 models across Apple, Samsung, Google Pixel, OnePlus • iPhones see steepest cuts • Values apply regardless of condition; accessories not included • Phones must be activated six months before import ISLA

Business

Zarea signs strategic MoU with Chinese agri-platform company

Zarea Limited has signed a Memorandum of Understanding (MoU) with Wang Chuang Xi Jun Chang Agri Ltd, a Chinese agri-platform, to explore advanced agricultural solutions in Pakistan, according to the company’s notification to the Pakistan Stock Exc

Business

Telenor sells its stake in Thailand’s True Corporation for $3.9 billion

Telenor said on Thursday it would sell its 30.3 per cent stake in Thailand’s True Corporation for $3.92 billion, its second divestment from Asia in recent months, lifting the Norwegian group’s shares 8 pc. Telenor said it had signed an agre

Business

Nestle announces $60m additional investment in Pakistan, to expand operations in country

Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also “undertake a robust expansion of its operations in the country”. The development came as Finance Minister Muhammad Aurangzeb met Remy Eje

Business

Oil slips as investors assess supply outlook

Oil prices slipped on Thursday after gaining in previous sessions, as investors assessed the supply and demand outlook, while a report showing a rise in US crude and gasoline stocks last week weighed on prices. Brent crude was down 28 cents

Business

Customs issues new valuation ruling for old and used mobile phones

The Directorate General of Customs Valuation has revised the determination of customs values for old and used mobile phones, particularly those imported in commercial quantities without packaging and accessories, as per a ruling dated January 16.<

Business

Fitch affirms Pakistan’s debt ratings at ‘B-’

ISLAMABAD: Fitch Ratings, one of the world’s top three agencies, on Wednesday affirmed Pakistan’s long-term debt ratings at ‘B-’ (B-negative), which it had upgraded in April last year, and assigned a

Business

FBR flags tax evasion in Sindh solar imports

• Report highlights trade-based money laundering in solar kit imports • Senate panel fumes over absence of economic minister, provincial secretaries ISLAMABAD: Another episode of massive under-invoicing for tax evasion and trade-base

Business

Gold hits record Rs506,362 per tola

KARACHI: A whopping jump of $127 per ounce in the international market to $4,840 per ounce pushed the domestic gold (24 karat) rate to Rs506,362 per tola on Wednesday, the highest in the country’s history, after an increase of Rs12,700 per tola fr

Business

T-bill yields cut to single digits after four years

KARACHI: The government on Wednesday reduced the cut-off yields on treasury bills by up to 31 basis points, bringing the yields for most tenors below 10 per cent for the first time in over four years. The yields on three-month and six-month

Business

Scheme for electric vehicles launched

ISLAMABAD: The government has launched a scheme to promote electric vehicle mobility across the country. The Pakistan Accel­erated Vehicle Elect­rification (PAVE) scheme aims to accelerate the country’s transition tow­ards clean, affordabl

Business

Taxes, power tariffs to be cut soon: Haroon

ISLAMABAD: Special Assistant to the Prime Minister Haroon Akhtar Khan on Wednesday said the government was planning to reduce taxes on industries and that the electricity tariff would be lowered soon. Addressing a news conference, Mr Khan

Business

Foreign loan inflows surge by a quarter

ISLAMABAD: Foreign assistance inflows to Pakistan increased by more than 25 per cent to $4.5 billion in July-December 2025-26, mainly on the back of programme support of the International Monetary Fund (IMF). The total inflows (excluding IM

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