On May 5, 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.
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PSX urges elimination of minimum tax on listed companies
Karachi, May 5, 2025 – The Pakistan Stock Exchange (PSX) has submitted a formal recommendation to the government for the upcoming federal budget 2025-26, calling for the removal of the minimum tax regime for listed companies.
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MG HS PHEV upgrade brings faster, smarter hybrid power
Lahore, May 5, 2025 – MG Pakistan has announced a significant upgrade to its flagship plug-in hybrid SUV, the MG HS PHEV, by introducing a powerful 7KW fast charger as a standard feature—replacing the previous portable charger.
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Pakistan’s petroleum sales surge 32% year-on-year in April 2025
Karachi, May 5, 2025 – Pakistan’s petroleum sector experienced a notable rebound in April 2025, with sales of petroleum products by Oil Marketing Companies (OMCs) reaching 1.46 million tons, marking a sharp 32% increase year-on-year (YoY) and a 20% rise month-on-month (MoM).
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Port Qasim Shipping Operations – May 5, 2025
Karachi, May 5, 2025 – The Port Qasim Authority (PQA) has released an updated report on shipping operations as of 0800 hours on Monday, May 5, 2025.
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Clouds to blanket Islamabad over next few days
Islamabad, May 5, 2025 – The Pakistan Meteorological Department (PMD) has forecast that clouds will dominate the skies over Islamabad in the coming days, bringing a mix of sunshine and intermittent weather changes.
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Thunderbolts* dominates North American box office
Disney and Marvel Studios’ latest superhero spectacle, Thunderbolts*, surged to the top of the North American box office over its opening weekend, pulling in an estimated $76 million, according to data released Sunday by Comscore.
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Trump plans 100% tariff on foreign movies
U.S. President Donald Trump announced on Sunday that he is taking action to protect the American movie industry by starting the process of placing a 100% tariff on all movies made outside the United States.
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Jennifer Garner and John Miller’s quiet weekend together
Over the weekend, Jennifer Garner and John Miller were spotted enjoying a relaxed outing in Los Angeles, indulging in what appeared to be a quiet, everyday moment of domestic bliss.
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MoC imposes ban on Indian goods entering Pakistan
Islamabad, May 5, 2025 – The Ministry of Commerce (MoC) has officially banned the import of Indian goods into Pakistan if they are being routed through third countries.
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