MG Pakistan is gearing up to shake up the local electric vehicle (EV) scene with the highly anticipated launch of its MG ES5 EV, a bold and innovative addition to its growing EV portfolio.
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Gold prices surge by Rs2,100 per Tola amid global market volatility
Karachi, April 29, 2025 – Gold prices in Pakistan continued their upward trajectory on Tuesday, climbing by Rs2,100 per Tola, reflecting the impact of heightened volatility in global markets.
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PKR vs USD, April 29, 2025: Rupee inches up against dollar
Karachi, April 29, 2025 – The Pakistan rupee registered a slight improvement against the US dollar on Tuesday, appreciating by 5 paisas in the interbank foreign exchange market.
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SBP releases foreign currency rates for April 29, 2025
On April 29, 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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OICCI recommends phased super tax exit for growth
The Overseas Investors Chamber of Commerce and Industry (OICCI) has once again emphasized the need for a more stable and growth-oriented tax framework to attract foreign and local investment. As part of its budget recommendations, the OICCI has strongly urged the government to initiate a phased elimination of the super tax, proposing its complete removal over a span of three years.
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SBP declares bank holiday on May 1, 2025 for Labor Day
KARACHI, April 29, 2025 — The State Bank of Pakistan (SBP) has officially announced a public holiday on Thursday, May 1, 2025, in observance of Labor Day.
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Shipping operations at Port Qasim – April 29, 2025
KARACHI, April 29, 2025 — The Port Qasim Authority (PQA) has released its daily report on shipping operations, highlighting routine activity and uninterrupted port functioning during the last 24 hours.
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Islamabad braces for above-normal day temperatures
ISLAMABAD, April 29, 2025 — The Pakistan Meteorological Department (PMD) has forecast a sharp rise in daytime temperatures for Islamabad over the next two days, warning residents of an ongoing heatwave gripping the region.
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PSX calls for rationalization of CGT rates to remove tax distortions
KARACHI, April 29, 2025 — The Pakistan Stock Exchange (PSX) has recommended the removal of the flat 12.5% Capital Gains Tax (CGT) rate on the disposal of listed securities acquired between July 1, 2013 and June 30, 2022.
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PSO reports Rs10.67 billion profit in nine months of FY25
KARACHI, April 29, 2025 — Pakistan State Oil (PSO), the nation’s largest oil marketing company, recorded a consolidated net profit of Rs10.67 billion during the nine months ending March 31, 2025 (9MFY25), reflecting a steep 42% drop from Rs18.51 billion reported in the same period last fiscal year, according to its latest unaudited financial statements.
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