Business

LONDON: Oil prices have plunged by about 9 per cent on Friday, extending previous losses, after Iran’s foreign minister said that the passage for all commercial vessels through the Strait of Hormuz is now open for the remaining ceasefire period, in line with that in Lebanon, Reuters reported. Brent crude futures have dropped by $8.46, […]

ISLAMABAD (Kashmir English): Power Minister Awais Leghari on Friday announced on X (formerly Twitter) that the federal government has formally ended the long-controversial facility of free electricity units for power sector employees following a court-backed decision. Leghari described the verdict as a groundbreaking change that would transform Pakistan’s energy industry. Leghari wrote that for the

ISLAMABAD (Kashmir English): The Standing Committee of Finance of the National Assembly recommended a reduction in mobile phone taxes while the parliamentarians were reviewing duty collection and tax structure for mobile phones being imported and also manufactured locally in Pakistan. The committee was informed by the tax officials that they will review this matter during

ISLAMABAD (Kashmir English): Gas prices in Pakistan are expected to rise from July because Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company (SSGC) have requested the Oil and Gas Regulatory Authority (OGRA) to approve their request for a substantial price increase. The companies are seeking to address a combined revenue shortfall of Rs.

ISLAMABAD (Kashmir English): The State Bank of Pakistan (SBP) has confirmed a fresh inflow of US$2 billion from the Ministry of Finance of the Kingdom of Saudi Arabia, which helps to improve the country’s external financial reserves during its current economic difficulties. The central bank published its announcement on April 15, 2026. The SBP reported that

KARACHI (Kashmir English): Pak Suzuki Motor Company has introduced a zero mark-up installment scheme for its popular GS 150 motorcycle, which enables more people to purchase motorcycles during economic difficulties and increased vehicle costs in Pakistan’s automotive industry. According to details, the Suzuki GS 150 has a price of Rs. 399,900, which customers can pay

ISLAMABAD (Kashmir English): The current geopolitical situation and supply chain issues have caused pistachio prices to reach their highest point in eight years. The top producer of pistachios in the world, which includes Iran, faces export difficulties because of multiple factors that include sanctions, irregular harvests, and changing production patterns. The country faces challenges that