On June 12, 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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Hyundai Pakistan Launches EMI Plans for IONIQ 5 & 6 EVs
Hyundai Nishat Motors has introduced an attractive EMI payment plan for its premium electric vehicles — the Hyundai IONIQ 5 and IONIQ 6 — making the future of mobility more accessible for Pakistani consumers.
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2025 Ford Bronco Raptor Price Slashed by Nearly $10,000
The 2025 Ford Bronco Raptor just became significantly more appealing to off-road enthusiasts, thanks to a major price cut of nearly $10,000.
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Hyundai Elantra Hybrid Price Soars After Budget 2025-26
The recently unveiled Federal Budget 2025–26 has brought an unexpected blow to hybrid car enthusiasts in Pakistan. A sharp increase in General Sales Tax (GST) on hybrid vehicles is set to significantly raise prices—impacting models like the locally assembled Hyundai Elantra Hybrid.
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KIA Sportage L HEV Faces Major Price Hike After Budget 2025-26
The federal budget 2025–26 has brought an unwelcome surprise for hybrid vehicle buyers in Pakistan. A major increase in the General Sales Tax (GST) on hybrid vehicles is set to drive up prices, with the KIA Sportage L HEV among the most affected models.
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Haval H6 HEV Price Set to Rise After Budget 2025–26 in Pakistan
Following the announcement of Pakistan’s federal budget for 2025–26, a sharp increase in the General Sales Tax (GST) is expected to drive up the prices of hybrid vehicles—including the highly popular Haval H6 HEV.
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New energy vehicle levy explained: What Pakistanis must know
Islamabad, June 12, 2025 – As part of its broader green transition agenda, the government of Pakistan has introduced a bold and transformative measure through the Finance Bill 2025: the enactment of the New Energy Vehicles Adoption Levy Act, 2025. This legislation marks a significant step toward incentivizing cleaner transportation solutions and reducing fossil fuel dependency in the country’s automotive sector.
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Asset Declaration Becomes Mandatory for Car Buying in Pakistan
Under the Finance Bill 2025, the government of Pakistan has proposed making asset declaration mandatory for purchasing cars and other high-value assets.
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PIOL secures strategic offshore block in Abu Dhabi
Karachi, June 12, 2025 – In a major milestone for Pakistan’s energy sector, Pakistan International Oil Limited (PIOL) has officially signed a production concession agreement (PCA) for the development of a strategic offshore block in Abu Dhabi, marking a new chapter in the country’s regional energy collaboration.
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Government gains power to impose unlimited petroleum levy
Islamabad, June 12, 2025 – Brace yourselves, Pakistan! A storm is brewing at the fuel pump as the government has now armed itself with unrestricted power to impose unlimited petroleum levy on fuel products.
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