Islamabad, February 12, 2026 – The Engineering Development Board (EDB) has officially commenced the Pakistan Accelerated Vehicle Electrification (PAVE) Scheme, offering electric bikes, rickshaws, and loaders on easy installments with government subsidies, aimed at providing affordable, eco-friendly transportation to the public.
(more…)Author: Faisal Shahnawaz
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Banks slash export refinance facility to 4.5%, FPCCI applauds boost for exporters
Karachi, February 12, 2026 – Commercial banks in Pakistan have voluntarily reduced the Export Refinance Facility (ERF) rate to 4.5%, a move warmly welcomed by the Federation of Pakistan Chambers of Commerce and Industry (FPCCI).
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Chery Master to Launch and Reveal Price of Tiggo 9 PHEV Tomorrow
Chery Master Pakistan is all set to officially launch and reveal the price of the highly anticipated Chery Tiggo 9 PHEV tomorrow, February 13, 2026.
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SBP Releases Daily Interbank Foreign Exchange Rates – February 12, 2026
Karachi, February 12, 2026 – The State Bank of Pakistan (SBP) on Thursday released the latest interbank foreign exchange rates, providing guidance to banking consumers and businesses for their currency transactions. These rates serve as an estimate of the values quoted by commercial banks and are widely used for planning commercial and personal forex dealings.
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Dewan Motors Opens Pre-Bookings for Three New MINI Electric Cars in Pakistan
Pakistan’s premium automotive market is about to get more exciting! Dewan Motors, the exclusive importer of BMW in Pakistan, has officially opened pre-bookings for three brand-new MINI electric vehicles.
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KSE-100 index plunges 2,537 points amid weak corporate results
Karachi, February 12, 2026 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) suffered a sharp decline on Thursday, dropping 2,537 points to close at 180,512.64, as weak corporate earnings and sector-specific concerns weighed on investor sentiment.
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Sri Lanka smash Oman, send warning ahead of Australia clash
Kandy, February 12, 2026: Sri Lanka delivered a commanding all-round performance to crush Oman by 105 runs in a group-stage encounter of the ICC Men’s T20 World Cup 2026 on Thursday, sending a strong message to their upcoming opponents.
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Cost of 1 Bitcoin in US Dollar Today – February 12, 2026
The price of Bitcoin (BTC) against the US dollar (USD) continued its downward trend on Thursday, reflecting ongoing volatility in the global cryptocurrency market.
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Domestic borrowing drives Rs641bn surge in Pakistan’s federal debt
The federal government’s total debt stock increased by Rs641 billion during the first half of the current fiscal year (FY26), mainly due to a sharp rise in domestic borrowing, according to data released by the State Bank of Pakistan (SBP) on Wednesday.
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Faysal Bank and Waseela Pakistan partner to fast-track Shariah financing for farmers
Karachi, February 11, 2026: Faysal Bank Limited (FBL), Pakistan’s leading Islamic bank, and Waseela Pakistan, an operator of integrated agricultural ecosystems, have signed a Memorandum of Understanding (MoU) to facilitate fast-track, Shariah-compliant financing for farmers to meet their agricultural production needs.
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