Prime Minister Shehbaz Sharif has approved a reduction in duties on over 7,066 tariff lines, which include raw materials, intermediate and capital goods aimed at stimulating industrial growth in the country. The premier green-lit the proposals for a formal announcement in the budget speech, which had received earlier approval from the Tariff Policy Board and Steering Committee. However, the pr
Despite stronger dollar inflows this fiscal year, importers are struggling to access foreign currency, with prices rising beyond official rates, banking industry sources said on Wednesday. According to bankers, only 20 to 30 per cent of importers are currently able to get permission to buy dollars for import payments. This comes even as the State Bank of Pakistan (SBP) maintains there are no fo
As consumers compare the best televisions of 2025, TCL continues to emerge as a compelling choice. The brand has recently introduced its latest QD Mini LED televisions, the C6K and C7K, offering premium features at an accessible price point. With Pakistani households increasingly seeking advanced and immersive home entertainment solutions, TCL’s new QD Mini LED range provides a strong incentive to
As the federal government plans to table the budget for 2025-26 after Eidul Azha, an economic round-up shared by an Islamabad-based think tank urged the government to prevent “bad growth”, highlighting that Pakistan’s economy has faced similar challenges in the past. A report by Tabadlab advised against increasing tax rates, saying they were already among the highest in the region. It also caut
Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China’s restrictions on critical mineral exports deepen across the globe. China’s decision in April to suspend exports of a wide range of rare earths and related magnets has upended the supply chains central to automakers, aer