Browse older Business stories through permanent, crawlable archive pages.
A Senate sub-committee has ordered the FIA to investigate alleged Rs1.12 trillion tax theft linked to cigarette companies and smuggling concerns. The panel has asked for a complete inquiry report within two months, raising the stakes for tax enforcement and anti-smuggling action.
Overseas Pakistanis sent $3.631 billion in July 2026, marking a 13 percent year-on-year increase and a five percent monthly rise. Saudi Arabia, the UAE, the UK, the US and EU countries remained major contributors to Pakistan’s remittance inflows.
Petroleum Minister Ali Pervez Malik says fuel prices in Pakistan may ease in the next review if international oil rates remain stable. The possible relief comes as consumers, transporters and businesses continue to face pressure from high energy costs.
A nationwide strike by goods and oil transporters has disrupted cargo movement across Pakistan, threatening industrial production and export schedules. Transporters are demanding changes to fuel pricing, taxation and other operational policies ahead of talks with the government.
Goods transporters have launched an indefinite nationwide strike over fuel prices, daily diesel revisions and tax-related grievances. The shutdown could affect supply chains, freight costs and market stability if talks with the government fail to produce a settlement.
The federal government has raised the petroleum levy on high-speed diesel by 81 paisa per litre, taking it to Rs74.28. The move comes after repeated levy increases over three days and may add pressure on transport, freight and inflation-sensitive sectors.
Goods transporters and oil tanker operators have started suspending services after talks with the government failed, ahead of a nationwide wheel-jam strike. The protest could disrupt freight, fuel supplies and essential goods movement if negotiations do not resume successfully.
The government has reduced petrol by Rs3.39 and high-speed diesel by Rs4.07 per litre under Pakistan’s new daily fuel pricing mechanism. The revision comes as authorities move to align local petroleum rates more closely with global oil market trends.
Pakistan has reduced petrol by Rs3.39 to Rs328.56 per litre and high-speed diesel by Rs4.07 to Rs385.86 per litre for August 5. The latest adjustment comes under the daily fuel-pricing system introduced amid volatile international oil markets.
Pakistan’s goods transporters have announced an indefinite nationwide strike from August 8 over fuel prices, tolls, taxes and transport regulations. A prolonged shutdown could disrupt supply chains, industrial activity and the movement of essential commodities.
The KSE-100 Index surged to 178,985 points in early Monday trading, gaining nearly 2,900 points as investors welcomed prospects of renewed US-Iran negotiations. The rally reflected easing concerns over regional conflict, energy supplies and Pakistan's import costs.
Pakistan has reduced petrol by Re0.12 to Rs336.03 per litre and high-speed diesel by Re0.66 to Rs392.38. The revised prices will remain effective from August 1 through August 3, 2026.
