Business

Tuesday, 10 December 2025 | Web Desk The Iranian rial has plummeted to its lowest level in history. According to Iranian media reports, in the open market, one US dollar was recently exchanged for approximately 1,250,000 rials. For comparison, during Donald Trump’s presidency in 2018, one dollar was equivalent to around 55,000 rials. Since then, the Iranian currency has been …

Tuesday, 25 November 2025 | Web Desk After the ouster of former prime minister Sheikh Hasina’s government in August 2024, relations between Islamabad and Dhaka — strained for decades — have gradually improved, accompanied by a notable increase in economic engagement between the two countries. One sign of these improving ties is Pakistan’s plan to export 100,000 tonnes of rice …

Thursday, 20 November 2025 | Web Desk A frequently asked question amid the growing use of solar energy in the country is whether it has had any negative impact on the national grid. The government itself has now answered this question: no, it has not. Central Power Purchasing Agency (CPPA) CEO Rehan Akhtar, while testifying before the National Electric Power …

Thursday, 13 November 2025 | Web Desk Defence Minister Khawaja Asif has said that Afghanistan’s plan to reduce transit trade with Pakistan will, in fact, prove beneficial for Pakistan. Tensions between Pakistan and Afghanistan have led to the closure of border crossings since October 11. Following recent clashes along the 2,600-kilometre-long frontier, cross-border trade has come to a complete halt, …

Tuesday, 14 October 2025 | Web Desk Google will invest $15 billion in India over the next five years to build a large-scale data centre and artificial intelligence (AI) base in the country’s south. Thomas Kurian, CEO of Google Cloud, announced the plan at a ceremony in New Delhi, calling it “the largest AI hub we are investing in anywhere …

Monday, 13 October 2025 | Reuters No significant impact is expected on Taiwan’s semiconductor industry from China’s new curbs on rare earths as they differ from the metals needed for the chip sector, the island’s economy ministry said on Sunday. China dramatically expanded its rare earths export controls on Thursday, adding five new elements and extra scrutiny for chip users …

Monday, 15 September 2025 | Web Desk Cryptocurrency use is expanding globally, especially in the United States.Pakistan faces unique challenges due to strict foreign exchange controls.Nearly 9 million Pakistanis hold or trade in digital assets, often using them for cross-border transactions similar to the hawala system: Shabbar ZaidiExperts believe virtual currencies may continue to grow in Pakistan, particularly for foreign …

Saturday, 13 September 2025 | Web Desk United States next ambassador to India struck an optimistic tone on Thursday, saying Washington and New Delhi were “not that far apart” on reaching a breakthrough over tariffs that have strained ties between the two countries. Sergio Gor, a longtime Trump aide who currently serves as director of the White House Presidential Personnel …

Monday, 8 September 2025 | Web Desk Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic banks, in collaboration with its Chinese fintech partner OPay, has achieved a remarkable milestone by surpassing Rs100 billion in digital retail payments within a short span of time—marking a new chapter in the country’s financial sector. This achievement not only reflects Faysal Bank’s forward-looking …

Friday, July 24 2025 | Newsmakers Web Desk Chinese electric vehicle giant BYD has announced plans to roll out its first locally assembled Electric Vehicle (EV) in Pakistan by July or August 2026, aiming to meet the country’s growing demand for electric and plug-in hybrid vehicles. BYD, currently the world’s largest EV manufacturer, is expanding aggressively beyond its home market …