Pakistan’s expanding electric vehicle market has just seen the arrival of a promising new contender — the Inverex Xio. This compact and cost-effective electric hatchback has now officially launched nationwide.
(more…)Author: Faisal Shahnawaz
-
BYD surpasses Tesla in 2025 Future Readiness rankings
Chinese electric vehicle giant BYD has officially overtaken Tesla in the prestigious 2025 Future Readiness Indicator, a comprehensive global ranking that measures a company’s capacity to anticipate, adapt, and thrive amid external changes.
(more…) -
UAE upset Bangladesh in second T20I to square series
In a dramatic finish to the second T20 International, the United Arab Emirates (UAE) pulled off a remarkable two-wicket win over Bangladesh, leveling the two-match series 1-1. The match, played in front of an energetic crowd, showcased the growing competitiveness of the UAE cricket team against a full-member side like Bangladesh.
(more…) -
Islamabad United crush Karachi Kings, secure second playoff spot
Islamabad United delivered a commanding performance on Monday to thrash Karachi Kings by 79 runs in a crucial Pakistan Super League (PSL) 10 encounter at Rawalpindi Cricket Stadium.
(more…) -
OICCI wants lower taxes on Pakistani-made vehicles in budget
Karachi, May 19, 2025 – The Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended the government take urgent steps to rationalize the Federal Excise Duty (FED) and sales tax imposed on locally manufactured vehicles in the upcoming 2025-26 federal budget.
(more…) -
KIBOR – Karachi Interbank Offered Rates on May 19, 2025
The State Bank of Pakistan (SBP) has released the Karachi Interbank Offered Rates (KIBOR) for various tenors on Monday, May 19, 2025, providing a crucial snapshot of the prevailing borrowing costs in the interbank market.
(more…) -
PSX announces holiday on May 28, 2025 for Youm-e-Takbeer
Karachi, May 19, 2025 – The Pakistan Stock Exchange (PSX) on Monday officially announced a scheduled trading holiday for Wednesday, May 28, 2025, in observance of Youm-e-Takbeer.
(more…) -
PKR to USD – May 19, 2025: rupee slips slightly at interbank close
Karachi, May 19, 2025 – The Pakistani rupee witnessed a slight depreciation against the US dollar on Monday, closing lower in the interbank foreign exchange market.
(more…) -
Bangladesh aim to seal T20I series sweep over UAE in Sharjah
Bangladesh will look to complete a commanding T20I series sweep over the United Arab Emirates (UAE) when the two sides clash in the second and final match in Sharjah on Monday.
(more…) -
SBP releases foreign currency rates for May 19, 2025
On May 19, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
(more…)