Stocks swung between gains and losses and oil hit a one-month high in early Asian trading on Tuesday after President Donald Trump said the U.S. was reinstating its blockade of Iranian shipping in the Gulf and would collect a 20% fee on cargo traversing the Strait of Hormuz. In a volatile start to the session, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.4%, led by a 2.2%
Car sales in Pakistan rose 39% during FY2025-26, driven by stronger consumer purchasing power, improved auto financing by banks, and a wider range of variants introduced by car assemblers. Car sales surged by 39% to 155,631 units, sales of jeeps and pickups increased by 41% to 50,814 units, sales of trucks and buses rose by 67% to 7,439 units and sales of rickshaws rose by 25% to 985 units, res
Select Technologies Limited (SELECT), a Pakistani manufacturer of smartphones and consumer appliances, has successfully completed its initial public offering (IPO), raising Rs3.02 billion after attracting strong demand from institutional and retail investors, the Pakistan Stock Exchange (PSX) said in a statement. The company offered 88.9 million ordinary shares, representing 10% of its post-iss
Industry leaders and policymakers have highlighted the importance of advanced energy storage technologies in enhancing Pakistan’s industrial competitiveness, ensuring energy security and supporting the transition towards a sustainable green economy. Speaking at the “Innovation Driving the Energy Future” Growatt Full-Scenario Storage Launch in Lahore, Federation of Pakistan Chambers of Commerce
The National Tariff Commission (NTC) has imposed definitive anti-dumping duties on imports of disodium carbonate (soda ash) from Türkiye and Kenya for a period of five years after concluding that dumped imports caused material injury to the domestic industry. According to an official notice issued by the Commission, the investigation was initiated on July 18, 2025, following an application file