Business
<p>KARACHI: InDrive has claimed that it now holds around 60 per cent of Pakistan’s ride-hailing market, a position its founder and CEO Arsen Tomsky says stems from entering markets where both drivers and passengers feel squeezed by dominant platforms
Business
<p>KARACHI: Amid rising demand for vehicles, two assemblers gave a robust performance. </p> <p>For example, Sazgar Engineering Works Ltd (SEWL) earned a profit of Rs8.4 billion in the IHFY26 compared to Rs6.6bn in the same period last year. Net sale
Business
<p>ISLAMABAD: Accepting the authority of Parliament to legislate on imposing taxes, the Federal Constitution Court (FCC) on Tuesday — in a landmark ruling with far-reaching constitutional and fiscal implications — upheld the vires of the super tax.</
Business
<p>Pakistan’s benchmark stock exchange, KSE-100, remained under pressure, closing in the red at 188,202.85 points, a 0.2 per cent fall from the previous close of 188,587.66 points.</p> <p>The index touched an intraday high of 189,521.32 points in ear
Business
<p>Muhammad Ali Farid Khwaja has been appointed as the commissioner of the Securities and Exchange Commission of Pakistan (SECP) by the government for a period of three years, according to a notification issued by the Finance Division today.</p> <p>K
Business
<p>Gold rose on Tuesday, after breaking through the $5,100 mark for the first time in the previous session, as geopolitical uncertainty underpinned safe-haven demand, while silver also hovered near all-time highs.</p> <p>Spot gold climbed 0.9 per cen
Business
<p>Pakistan’s benchmark stock exchange, KSE-100, remained under pressure during intraday trading today. At 12:00pm, the <a class="link--external" href="https://www.psx.com.pk/" rel="nofollow noopener noreferrer" target="_blank">index</a> stood at 188
Business
<p>KARACHI: While seeking a single-digit interest rate, businessmen have rejected the State Bank’s <a href="https://www.dawn.com/news/1969163/sbp-maintains-policy-rate-at-105pc">decision</a> to maintain interest rates at 10.50 per cent, terming it di
Business
<p><a href="https://www.dawn.com/news/1969294">https://www.dawn.com/news/1969294</a></p>
Business
<p>LAHORE: A record increase in sugarcane prices and incentives offered by sugar mill owners to growers has heightened fears of a further <a href="https://www.dawn.com/news/1967729">decline</a> in cotton cultivation next year, even as environmental p
Business
<p>ISLAMABAD: At a time when rice exports are steadily declining, the Ministry of Commerce has allocated around Rs15 billion for a rebate scheme on local taxes and levies for rice exporters, raising concerns about a potential rise in domestic prices.
Business
<p>KARACHI: Mega Motor Company (MMC), in partnership with the world’s leading new energy vehicle (NEV) manufacturer BYD, has recently unveiled two electric sport utility vehicles (SUVs), the BYD Sealion 7 and the BYD Atto 2, at a dealership event in
Business
<p>KARACHI: The Pakistan Stock Exchange (PSX) started the week on a sluggish note, marked by extreme volatility on Monday, as investors took profits following a record-breaking rally in the weekend session.</p> <p>In early trade, the benchmark KSE-10
Business
<p>E-commerce giant Daraz on Monday announced an initiative to help sellers affected by the Gul Plaza inferno, saying it would launch a dedicated section on its website to sell their products and goods.</p> <p>The <a href="https://www.dawn.com/news/1
Business
<p>Pakistan’s benchmark index, the KSe-100, closed in red at 188,587.66, down 579.16 points (-0.31 per cent) from the previous close.</p> <p>The total volume was 449.8 million shares at a value of Rs43.56 billion.</p> <p>The market fell to its lowest