Business

ISLAMABAD (Kashmir English): Important details regarding tax deductions for citizens holding prize bonds in Pakistan have been revealed while receiving prize money, and new instructions have also been issued to commercial banks in this regard. Prize bonds are considered a popular source of savings and investment in the country, while citizens get the opportunity to

ISLAMABAD (Kashmir English): As of August 08, 2026, the All Pakistan Sarafa Gems & Jewellers Association has increased the 24-karat gold per tola price by Rs2,200 in Pakistan. According to the latest update on Pakistan’s gold prices, 1 Tola is priced at Rs456,536, while 10 grams of 24K gold is priced at Rs391,406 after an

ISLAMABAD (Kashmir English): The federal government on Friday reduced petrol and diesel prices, effective from Friday, August 7, for three days, a day after the decrease in the price of petrol. According to the notification issued by the Petroleum Division, the price of petrol was lowered by Rs 2.20 per liter, and high-speed diesel (HSD)

ISLAMABAD (Kashmir English): A significant increase in flour prices has been recorded across several cities of Pakistan over the past week, with the price of a 20-kilogram flour bag rising by up to Rs100, according to the latest data released by the Bureau of Statistics. The report showed that Islamabad recorded the highest price in

ISLAMABAD (Kashmir English): The National Electric Power Regulatory Authority (NEPRA) on Friday hiked electricity prices by Rs 0.75 per unit across the country as part of the monthly fuel adjustment for June 2026. As per the notification, the increase in electricity rates will apply to consumers across the country, including K-Electric. It stated that the additional

ISLAMABAD (Kashmir English): Hyundai Nishat Motors has announced that deliveries of the Elantra 1.6 Special Edition will begin this August across Pakistan, with an introductory ex-factory price of Rs 6,449,000. The company announced the delivery of the vehicle with a partial booking price of Rs 1.5 million nearly three months after launching in Pakistan. The

ISLAMABAD (Kashmir English): Oil prices gained more ground on Friday with a new threat to the Strait of Hormuz and a fear of supply disruptions from new rules from Iran to the strait. “Ships considered enemy will not be allowed to pass through, or be fined heavily,” Iran suggested, along with Oman. Brent futures rose