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The Herald Today

28 July 2025

Business

Benhassine of World Bank Applauds Pakistan’s Economic Recovery
Benhassine of World Bank Applauds Pakistan’s Economic Recovery

World Bank Official Praises Pakistan’s Economic Progress Najy Benhassine, the departing country director for the World Bank, has applauded Pakistan...

By News-Editor | June 19, 2025 | Category: Business, Latest, World

Mark Walter Poised to Secure Majority Share in NBA Franchise
Mark Walter Poised to Secure Majority Share in NBA Franchise

Buss Family Approves Sale of Majority Stake in Los Angeles Lakers to Mark Walter LOS ANGELES: The Buss family is...

By News-Editor | June 19, 2025 | Category: Business, Sports, United States

Rupee stays steady against US dollar in intra-day update
Rupee stays steady against US dollar in intra-day update

Pakistani Rupee’s Stability Amidst Global Uncertainty During Thursday’s interbank market opening, the Pakistani rupee exhibited remarkable stability against the US...

By News-Editor | June 19, 2025 | Category: Business, Latest, World

Textile mill in Pakistan closes leased spinning facility due to industry headwinds
Textile mill in Pakistan closes leased spinning facility due to industry headwinds

Arctic Textile Mills Ceases Operations at Spinning Unit Arctic Textile Mills Limited, previously known as Khurshid Spinning Mills, has declared...

By News-Editor | June 19, 2025 | Category: Business, Latest

PIA Bidding Sees Airblue, Gerry’s Group Compete as EoI Deadline Closes Today
PIA Bidding Sees Airblue, Gerry’s Group Compete as EoI Deadline Closes Today

PIA Attracts Interest from Multiple Parties for Potential Acquisition Several entities, including Airblue Ltd. and Gerry’s Group, have expressed interest...

By News-Editor | June 19, 2025 | Category: Business, Latest

Beco Steel reports uncertainty regarding share fluctuations origin
Beco Steel reports uncertainty regarding share fluctuations origin

Beco Steel Responds to Share Price Movement Beco Steel stated on Thursday that it was unaware of any specific factors...

By News-Editor | June 19, 2025 | Category: Business, Latest

Solar Panel Import Tax Cut to Cost Rs20bn in Revenue
Solar Panel Import Tax Cut to Cost Rs20bn in Revenue

Government to Eliminate Sales Tax on Solar Panel Imports The government is preparing to remove the sales tax on imported...

By News-Editor | June 19, 2025 | Category: Business, Latest

Experts Warn: SOEs Act as ‘Economic Burden’
Experts Warn: SOEs Act as ‘Economic Burden’

Economic Expert Urges Privatization to Curb Losses ISLAMABAD: Shahid Kardar, the former Governor of the State Bank of Pakistan (SBP),...

By News-Editor | June 19, 2025 | Category: Business, Latest

PSX Sees Buying Resurgence, KSE-100 Climbs Over 1,100 Points
PSX Sees Buying Resurgence, KSE-100 Climbs Over 1,100 Points

Stocks Surge as Buying Resumes at PSX The Pakistan Stock Exchange (PSX) witnessed a resurgence of buying activity, with the...

By News-Editor | June 19, 2025 | Category: Business, Latest, World

Federal Cabinet Approves Record Financial Plan for Power Sector Stability
Federal Cabinet Approves Record Financial Plan for Power Sector Stability

Federal Cabinet Approves Landmark Financial Plan for Power Sector The federal cabinet has sanctioned the largest financial initiative in the...

By News-Editor | June 18, 2025 | Category: Breaking News, Business, Latest

ADB guarantee backs Pakistan’s acquisition of $1 billion financing
ADB guarantee backs Pakistan’s acquisition of $1 billion financing

Pakistan Secures $1 Billion Syndicated Loan with ADB Guarantee The Ministry of Finance of Pakistan has formalized a syndicated term...

By News-Editor | June 18, 2025 | Category: Business, Latest

Huawei Technologies to provide ‘smart energy solutions’ in partnership with K-Electric, K-Solar
Huawei Technologies to provide ‘smart energy solutions’ in partnership with K-Electric, K-Solar

K-Electric, K-Solar Partner with Huawei for Energy Innovation K-Electric (KE) and K-Solar, its fully-owned subsidiary, have entered into a memorandum...

By News-Editor | June 18, 2025 | Category: Business, Tech

K-Electric teams up with Huawei for innovative energy technologies
K-Electric teams up with Huawei for innovative energy technologies

K-Electric and Huawei Join Forces for Energy Innovation K-Electric (KE) and K-Solar, its fully owned subsidiary, have formalized a collaborative...

By News-Editor | June 18, 2025 | Category: Business, Tech

Provinces retain digital sales tax, solar GST lowered to 10%: Dar
Provinces retain digital sales tax, solar GST lowered to 10%: Dar

Key Budgetary Revisions Announced by Deputy Prime Minister Ishaq Dar Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar...

By News-Editor | June 18, 2025 | Category: Business, Latest

PM Shehbaz: IMF Agrees to Exempt Pakistan’s Agriculture Sector from New Taxes
PM Shehbaz: IMF Agrees to Exempt Pakistan’s Agriculture Sector from New Taxes

Prime Minister Shehbaz Sharif has announced a significant development for Pakistan’s agricultural sector, stating that the International Monetary Fund (IMF)...

By Web Desk | June 18, 2025 | Category: Breaking News, Business, Latest

Sindh’s Tax Imbalance: Vehicle Registrations Outpace Agriculture Income Tax Revenue
Sindh’s Tax Imbalance: Vehicle Registrations Outpace Agriculture Income Tax Revenue

A recent fiscal projection from the Sindh government reveals a significant and long-standing imbalance in its tax collection, showing that...

By Web Desk | June 18, 2025 | Category: Business, Latest

Pakistan Budget 2025-26: Lawmakers Reject Solar Panel Tax, Advocate for Small Car Relief
Pakistan Budget 2025-26: Lawmakers Reject Solar Panel Tax, Advocate for Small Car Relief

In a rare display of parliamentary unity, Pakistani lawmakers have strongly rejected the proposed 18 percent sales tax on imported...

By Web Desk | June 18, 2025 | Category: Business, Latest

GST Hike Threatens Pakistan’s Auto Sales & Industry Jobs
GST Hike Threatens Pakistan’s Auto Sales & Industry Jobs

Pak Suzuki Motor Company has issued a strong warning to the government regarding the potential impact of a proposed increase...

By Web Desk | June 18, 2025 | Category: Business, Latest

FPCCI Slams Law Allowing Arrest of Businessmen: A Threat to Pakistan’s Economy
FPCCI Slams Law Allowing Arrest of Businessmen: A Threat to Pakistan’s Economy

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly condemned a law that allows for the arrest...

By Web Desk | June 18, 2025 | Category: Business, Latest

Careem to Cease Ride-Hailing Services in Pakistan: What It Means for Users
Careem to Cease Ride-Hailing Services in Pakistan: What It Means for Users

Careem, a popular ride-hailing service, has announced that it will cease operations in Pakistan from next month. This decision marks...

By Web Desk | June 18, 2025 | Category: Business, Latest