Wafi Energy Pakistan Limited (formerly Shell Pakistan Limited), a leading Saudi-based energy company, has approved the establishment of a wholly owned subsidiary in Dubai as part of its strategy to expand business and commercial operations beyond Pakistan. The listed company disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Tuesday. It said that the new company
The Pakistani rupee posted marginal gain against the US dollar, appreciating 0.01% in the inter-bank market on Tuesday. At close, the local currency settled at 279.67, a gain of Re0.03 against the greenback. On Monday, the local unit closed at 279.70, according to the State Bank of Pakistan (SBP). The inflow of overseas workers’ remittances into Pakistan stood at $3.46 billion in January 202
Car sales in Pakistan increased by 43% year-on-year (YoY) to 111,377 units in the first seven months of the fiscal year 2025-26 (FY26), showed Pakistan Automotive Manufacturers Association (PAMA) on Tuesday. Car sales (including LCVs, Vans, and Jeeps) stood at 77,686 units in 7MFY25. “There are two reasons for the increase in sales of all vehicles; a decrease in interest rate set by the Stat
Ambassador of the United Arab Emirates H.E. Hammad Obaid Ibrahim Salem Al-Zaabi said that Pakistan and the UAE are at the final stage of signing a Comprehensive Economic Partnership Agreement (CEPA), which would significantly boost bilateral trade and remove business obstacles between the two countries. He said the current trade volume of around 8 to 10 billion dollars does not reflect the true
The Federal Board of Revenue (FBR) has integrated 11,141 big retailers into the Point of Sales (POS) system up to February 2026 to document transactions of Tier-I retailers, especially hotels/restaurants. In December 2025, the total number of registered retailers stood at 10,858. This means that a total of 283 retailers were registered during the last two months. According to the list of ret