KARACHI: Pakistan’s automotive sector kicked off the new fiscal year (FY26) with a robust 28 percent year-on-year (YoY) increase in sales of cars, light commercial vehicles (LCVs), pickups, and jeeps, reaching 11,034 units in July, according to data released by the Pakistan Automotive Manufacturers Association (PAMA).
Economy
Pakistan greenlights Rs141bn for Q1 development push as economy gains traction
ISLAMABAD: Pakistan has rolled out a Rs141 billion funding package for federal development projects in the first quarter of the 2025-26 fiscal year, part of a broader strategy to sustain a burgeoning economic recovery driven by soaring exports, a historic current account surplus, and a sharp drop in inflation, officials said Tuesday.
Pakistan’s charm offensive wins Trump’s ear, irks India: FT
ISLAMABAD: Pakistan has mounted a shrewd diplomatic campaign to curry favor with US President Donald Trump, fostering an unforeseen revival in bilateral relations through counterterrorism aid, business overtures and lavish praise, while incensing India with unequal tariffs and rebuffed mediation efforts, the Financial Times reported Monday.
Pakistan business sentiment at highest since 2021 amid economic reforms: survey
ISLAMABAD: Nearly half of Pakistani businessmen believe the country is on the right track, a Gallup Pakistan survey showed Monday, marking the highest confidence level since late 2021 as economic and political stabilisation efforts gain traction.
Pakistan, US near trade deal finalisation with focus on oil and lower tariffs – Bloomberg
ISLAMABAD: Pakistan and the United States are in the final stages of negotiations to cement a trade and investment agreement that could reshape economic ties, bolstered by a reduced US tariff rate of 19 percent on Pakistani goods.
Pakistan receives $539-a-tonne offer in 100,000-tonne sugar tender
ISLAMABAD: The state-run Trading Corporation of Pakistan (TCP) received a lowest offer of $539.00 per tonne, cost and freight (c&f), in its international tender to procure 100,000 tonnes of white refined sugar on Monday, traders said, as the government seeks to tame soaring domestic prices.
Pakistan eyes major US investment in copper sector after tariff deal
ISLAMABAD: Pakistan is poised for a significant boost in its mining sector with anticipated US investment and increased copper exports following a breakthrough bilateral tariff agreement, the Dawn newspaper reported on Monday.
PAA clarifies Islamabad airport closure, dismisses eight-day shutdown reports
ISLAMABAD: The Pakistan Airports Authority (PAA) on Sunday refuted media reports claiming an eight-day closure of Islamabad International Airport, describing them as “incorrect and misleading,” and clarified that the airport will only face brief suspensions due to Independence Day activities.
Pakistan army chief hails ‘new dimension’ in US ties, slams Indian aggression
ISLAMABAD: Pakistan’s army chief, Field Marshal Asim Munir, on Sunday described his second US visit in six weeks as a “new dimension” in Islamabad-Washington ties, state-run PTV News reported.
Anti-graft NAB seizes Rs547.31bn in H1 2025
ISLAMABAD: Pakistan’s National Accountability Bureau (NAB) recovered Rs547.31 billion in assets and funds from corrupt elements in the first half of 2025, the agency said on Saturday, with a robust Rs456.3 billion haul in the second quarter driving its aggressive anti-corruption campaign.