Pakistan is intensifying its drive to develop a domestic electric vehicle (EV) manufacturing ecosystem as Chinese auto giant BYD Group moves ahead with plans to expand its local production facility and deepen localisation in partnership with Mega Motor Company. The development came to light during a meeting between Finance Minister Muhammad Aurangzeb and a delegation of BYD Group and Mega Motor
Oil prices in Pakistan are expected to decline significantly after Prime Minister Shehbaz Sharif directed authorities to immediately pass on the benefit of falling international crude prices to consumers, prompting the government to form a high-level committee to develop a transparent weekly mechanism for determining petroleum product prices, Petroleum Minister Ali Pervaiz Malik said on Thursday.
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 400 points during the opening minutes of trading on Wednesday. At 10:40am, the benchmark index was hovering at 180,771.69, up by 378.72 points or 0.21%. Buying was observed in key sectors, including cement, chemical, fertiliser, oil and gas exploration companies, OMCs and power
Pakistan’s current account posted a massive surplus of $459 million in May 2026, data released by the State Bank of Pakistan (SBP) showed on Wednesday. The surplus follows a deficit of $276 million recorded in April 2026 and a deficit of $44 million in May 2025. The surplus came from significantly higher remittance inflows and a marginal increase in exports during the month. “The primary
Port Qasim has been ranked fifth among the world’s 20 fastest-improving container ports over the 2020–2025 period. According to the Container Port Performance Index (CPPI) 2025, jointly published by the World Bank Group and S&P Global Market Intelligence, the port Qasim CPPI score climbed to 60.1 in 2025 from a baseline of 8 in 2020, a 52-point gain. Port Elizabeth in South Africa posted an