Business

ISLAMABAD (Kashmir English): MG Pakistan has announced a new financing package for its MG HS Plug-in Hybrid Electric Vehicle (PHEV), offering customers an opportunity to own the SUV through easy monthly installments and a range of complimentary benefits. According to the company, the MG HS PHEV can be acquired with monthly installments starting from Rs26,229 […]

ISLAMABAD (Kashmir English): The Ministry of Information Technology has proposed a significant reduction in taxes imposed on mobile phone users as part of its recommendations for the federal budget 2026-27, aiming to promote digital inclusion and expand access to communication services across Pakistan. According to the sources, the ministry has formally submitted its proposals to

MUZAFFARABAD (Kashmir English): The draw for Pakistan’s largest prize bond, worth Rs40,000, will be held on June 10 in Muzaffarabad, Azad Kashmir, offering participants a chance to win millions of rupees. A total of 664 prizes will be awarded in the draw. The first prize carries a massive reward of Rs 80 million and will be

ISLAMABAD (Kashmir English): The government has come up with a big change to how industrial electricity pricing works and ran the idea by the International Monetary Fund (IMF). Their goal is to bump up the fixed costs on electricity bills, mainly hitting those industrial users operating at less than full capacity or switching to solar

ISLAMABAD (Kashmir English): The country’s foremost government-sponsored think tank, Pakistan Institute of Development Economics (PIDE), has recommended that the country’s federal government undertake comprehensive reforms regarding its minimum wage policies and hike the country’s minimum wage by 12.5%, recommending a new monthly rate of Rs. 45,000 for FY2026-27. In a comprehensive policy brief filed before the

ISLAMABAD (Kashmir English): Oil prices rose on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted ​anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between ‌Iran and the U.S. showed little progress. Brent futures gained 81 cents, or 0.8%, to $96.81 a barrel at 0330 GMT,

ISLAMABAD (Kashmir English): The federal government has proposed to impose capital gains tax (CGT) on profits from cryptocurrency trading to bring crypto transactions into the tax net in the Budget 2026-27. According to the informed sources, a capital gains tax ranging from 10 to 30 per cent can be imposed on crypto trading, although a

ISLAMABAD (Kashmir English): An interesting transformation seems to be taking place in Pakistan’s auto market, with the government looking to end decades-old import restrictions, increasing customer options, and lowering costs. The domestic auto market has always operated under a highly protected tariff regime intended to shield domestic companies from foreign competitors. Such an arrangement led