Business

Alert: 9 Cancer medicines declared fake in Pakistan

Medicine prices likely to drop in Pakistan

ISLAMABAD (Kashmir English): The government plans to provide substantial tax relief measures in the pharmaceutical sector in the upcoming budget, which is likely to be presented in the FY2026-27 period. In an interview with the government, sources revealed that the government would scrap the 3% value-added tax on imports of finished pharmaceutical and diagnostic goods under […]

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Pakistan National Ship­ping Corporation (PNSC)

Govt plans revival in shipping sector through PNSC restructuring

ISLAMABAD (Kashmir English): The Economic Coordination Committee (ECC) of the Cabinet on Tuesday granted in-principle approval for the transfer of management control and a 30 per cent shareholding in Pakistan National Ship­ping Corporation (PNSC) to the National Logistics Corporation (NLC). An official statement from the Ministry of Finance stated that the Committee has directed the

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1500 prize bond draw date

Full third place winners list of Rs1500 prize bond draw issued

SIALKOT (Kashmir English): The National Savings Division has announced the results of the Rs1500 Prize Bond draw held on May 15, 2026. According to officials, the balloting for Draw No. 106 took place in Sialkot under the supervision of the National Savings Division. Thousands of prize bond holders from across Pakistan participated in the draw,

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Pakistan DISCOs

Pakistan launches privatisation of three major DISCOs

ISLAMABAD (Kashmir English): The Government of Pakistan has formally launched the privatization process for three major electricity distribution companies (DISCOs), inviting Expressions of Interest (EOIs) from local and international investors. The move is being described as one of the most significant reforms in Pakistan’s power sector, as the government plans to sell 51% to 100%

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electric vehicles

MG motors announce price reduction on Binguo EV in Pakistan

BEJIENG (Kashmir English): Chinese-British automaker MG Motor has officially adjusted down the price of its small electric hatchback, the Binguo EV, in Pakistan to Rs. 5,699,000, which gives buyers a straight saving of Rs. 300,000. This move happens as competition keeps tightening in the country’s growing electric vehicle market. This latest reduction makes the MG Binguo

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