Tata Sons governance conflict: Tata Trusts raises legal concerns over N. Chandrasekaran's reappointment, highlighting a significant governance conflict…
State Bank of India (SBI), the country’s largest lender by assets, has approved a plan to raise up to 200 billion rupees ($2.33 billion) through bonds in the fiscal year 2026. The
India’s equity benchmarks, the Nifty 50 and BSE Sensex, experienced a slight decline, primarily driven by losses in the auto sector. The Nifty 50 fell 0.21% to 25,141, while the Sensex dropped
The Pakistani government has launched discussions with traders to address tensions over recent tax reforms, particularly the expanded powers granted to the Federal Board of Revenue (FBR) under Sections 37A and 37B
Pakistan’s banking sector has seen a significant shift, with the bank lending ratio (advance-to-deposit ratio, or ADR) dropping to 38.1% in June 2025, down from 50% in December 2024, following the government’s
Tesla officially made its long-awaited debut in the Indian automotive market on July 15, 2025, with the grand opening of its first showroom in Mumbai’s Bandra Kurla Complex (BKC). This marks a
Pakistan’s banking sector recorded a continued decline in its gross Advance-to-Deposit Ratio (ADR), which fell to 38.1% as of June 2025, according to data from Arif Habib Limited. This marks a drop
Starting July 15, 2025, the United Kingdom has officially launched its eVisa system in Pakistan for most students and workers applying for visas valid for more than six months. This shift to
Pakistan and the United Kingdom have formalized a new agreement to enhance their economic partnership, marking a significant step in deepening bilateral trade and investment. Signed on July 14, 2025, in London,
Pakistan’s merchandise exports to North America have risen by 9.76% in the first eight months of fiscal year 2025, reaching $4.273 billion compared to $3.893 billion in the same period last year,
On July 14, 2025, Johannes Zutt, the World Bank’s newly appointed Vice President for South Asia, met with Bangladesh’s Chief Adviser in Dhaka to discuss ongoing economic reforms. Zutt praised the interim
The Pakistan Stock Exchange (PSX) hit a historic milestone on July 14, 2025, as the KSE-100 Index surged beyond the 135,000-point mark for the first time. By midday, it stood at 136,119.27
Dewan Cement Limited has launched a 6 MW solar power system at its manufacturing plant in Dhabeji, Karachi, fulfilling over half of its operational energy needs with clean energy. The shift aligns
Pakistan and Turkiye are reenergizing efforts to reach their $5 billion bilateral trade goal, with Prime Minister Shehbaz Sharif instructing the Ministry of Commerce to set clear deliverables and timelines. In 2024,
The United States has formally requested Bangladesh to grant zero-duty access for a range of its products, as confirmed by Bangladesh’s Commerce Secretary Mahbubur Rahman. The request, communicated via email from the
Bitcoin has achieved a historic milestone, crossing the $120,000 threshold for the first time on July 14, 2025, driven by strong investor confidence in anticipated regulatory changes in the United States. The
Pakistan is grappling with a significant increase in pulse imports due to a persistent decline in domestic production. The surge in demand for pulses, a staple in the national diet, has led
The Gwadar Port Authority (GPA) is actively encouraging investors to establish industrial units in the Gwadar Free Zone, offering attractive incentives to boost economic activity in the region. The initiative, part of
Pakistan’s automotive sector is undergoing a significant shift with the introduction of the New Energy Vehicle (NEV) Policy 2025–30, aimed at promoting cleaner transportation and reducing reliance on fossil fuels. However, a
Pakistan Telecommunication Company Limited (PTCL) is grappling with significant financial challenges as it navigates the complexities of a proposed acquisition of Telenor Pakistan. The telecom giant’s recent financial disclosures reveal mounting losses,
Vehicle prices in Pakistan have risen sharply, with increases of up to Rs600,000 reported across various models following the introduction of new taxes in the 2025-26 federal budget. The price hikes, affecting
Bilateral trade between Afghanistan and Pakistan has reached approximately $989 million in the first six months of 2025, reflecting a robust economic relationship between the two nations. Afghanistan’s exports to Pakistan, including
Bangladesh is steering its economic strategy toward strengthening its industrial base and fostering sustainable growth. The nation, recognized as a global textile manufacturing hub, aims to diversify its economic foundation beyond its
Bangladesh’s economy faces new hurdles as the United States introduces a 35% tariff on its exports, effective August 1, 2025, alongside a demand for 40% local value addition for goods labeled “Made
On July 12, 2025, Johannes Zutt, the newly appointed World Bank Vice President for South Asia, arrived in Dhaka for a four-day official visit. During his stay, Zutt is scheduled to meet
Business communities across Pakistan have taken to the streets to protest recent tax laws perceived as detrimental to industrial growth. Traders, manufacturers, and small business owners argue that the new fiscal measures,
Foreign investors have withdrawn more than $1.5 billion from Pakistan’s treasury bills (T-bills) in the fiscal year 2025, marking a significant outflow driven by declining returns and heightened geopolitical risks. Data from
Russia and Pakistan are set to collaborate on a significant industrial project to revive the Pakistan Steel Mills in Karachi, a facility that has been dormant since its closure in 2015. This
Google announced on July 11, 2025, that its powerful video generation tool Veo 3, along with its AI filmmaking suite Flow, is now available in Pakistan as part of a global rollout
Pakistan and Vietnam have agreed to initiate negotiations for a Preferential Trade Agreement (PTA) within 2025, marking a renewed effort to strengthen bilateral trade and economic cooperation. The announcement came during the
Pakistan and Russia have officially signed a new agreement to advance the Pakistan Steel Mills Revival, aiming to restore and upgrade the Karachi-based facility that was originally built in 1973 with Soviet
The Pakistani Mango Festival in Columbia, held from July 10 to July 19, 2025, at Eastern Square, Souq Waqif, showcased the rich flavors of Pakistani mangoes, drawing attention to their quality and
Pakistan has launched a new platform for digital trade to strengthen its e-commerce ecosystem and foster regional business connectivity. Announced on July 11, 2025, at the inaugural GLOBE Pakistan Summit, the initiative
The second round of tariff negotiations between Bangladesh and the United States is underway in Washington, DC, focusing on addressing the proposed 35% tariff on Bangladeshi exports, set to take effect on
Tesla, the U.S.-based electric vehicle manufacturer, will open its first Indian showroom in Mumbai on July 15, 2025, marking its official entry into the country’s automotive market. Located in the Bandra Kurla
Indian equity markets faced downward pressure on July 11, 2025, as weak earnings from Tata Consultancy Services (TCS) and ongoing U.S. tariff concerns weighed on investor sentiment. The Nifty 50 index fell
The Pakistan Stock Exchange (PSX) soared to a record high on July 10, 2025, with the KSE-100 Index surging 1,205 points, or 0.91%, to close at 133,782.35, driven by strong investor confidence
Dewan Farooque Motors Limited (DFML) has expanded its electric vehicle (EV) operations by starting the production of 300km-range models for Eco-Green Motors Limited. This move follows the earlier rollout of 200km-range vehicles
The gold price in Pakistan rose sharply by Rs3,200 per tola on Thursday, bringing the rate of 24-karat gold to Rs354,700 amid a global surge in bullion prices. The price of 10
Pakistan is currently hosting a non-deal investor roadshow in Beijing to promote its first-ever Pakistan Panda Bond — a yuan-denominated bond targeting $200–300 million in funding from Chinese investors. Running from July
The Pakistan Stock Exchange performance surged on Thursday, with the KSE-100 Index rising 1,155.66 points, or 0.87%, reaching an intraday high of 133,774.88. This rebound followed a 826-point dip the previous day,
Pakistan is targeting a $1 billion valuation for the Roosevelt Hotel Pakistan, a landmark New York property owned by Pakistan International Airlines (PIA), as part of a redevelopment plan that includes selling
India is preparing to send a trade delegation to the United States for continued negotiations on a potential bilateral trade agreement. The visit comes as part of efforts to push forward India
Kohat Cement Company Limited, a prominent player in Pakistan’s cement industry, has announced its entry into the property sector with a significant investment of Rs750 million. The company has established a wholly-owned
The Dhaka Stock Exchange (DSEX) has maintained its upward trajectory, marking its sixth consecutive day of gains on July 10, 2025. The benchmark index climbed 18.25 points to reach 5,053.72 by mid-morning, reflecting renewed
The Pakistan Stock Exchange (PSX) experienced a significant downturn on Wednesday, July 9, 2025, as the KSE-100 Index fell by 826 points, a 0.62% drop, closing at 132,577. This correction followed a
On July 9, 2025, State Bank of Pakistan Governor Jameel Ahmad announced plans to initiate a pilot for a central bank digital currency (CBDC) during a panel at the Reuters NEXT Asia
On July 9, 2025, the State Bank of Pakistan (SBP) announced a reduction in incentives paid to banks and exchange companies for facilitating overseas remittances, despite a record $38.3 billion in inflows
Pakistan has raised $1 billion through a five-year syndicated facility arranged by Dubai Islamic Bank (DIB) with backing from an Asian Development Bank Policy-Based Guarantee, finalised on July 9 2025. The deal—89
Elon Musk’s Starlink has received final regulatory approval from India’s space authority to launch commercial satellite-internet services. The clearance, granted on July 9 2025, follows a telecom licence obtained last month, making
Pakistan’s software-services exports totaled $1.01 billion from July 2024 through May 2025, up 27.4 percent year-on-year and the first time the sector has surpassed the billion-dollar mark in 11 months. Overall IT
Image Pakistan Limited has announced plans to acquire Elegantes London (Holdings) Ltd., a Harrods-listed luxury fragrance and wellness brand, as part of its strategy to diversify into the fragrance sector. Disclosed in
Brazilian President Luiz Inacio Lula da Silva announced plans to significantly boost trade with India, aiming to increase bilateral trade from $12 billion in 2024 to $36 billion in the near future.
On July 9, 2025, Pakistan’s Finance Minister, Muhammad Aurangzeb, met with a delegation from the Pakistan Business Council (PBC) in Islamabad to discuss the government’s approach to economic policymaking. The meeting, attended
Pakistan’s IT sector has achieved a significant milestone, with software services exports exceeding $1 billion over an 11-month period, marking a historic first for the country. Data from the State Bank of
Pakistan has achieved a significant economic milestone, recording an all-time high of $38.3 billion in remittances for the financial year 2024-25, reflecting a 27% increase from the previous year’s $30.3 billion. This
On July 8, 2025, Pakistan’s Privatisation Commission Board approved four entities to bid for a 51-100% stake in Pakistan International Airlines (PIA), a national carrier burdened by over $2.5 billion in losses
K-Electric, Karachi’s sole electricity provider, has reappointed Syed Moonis Abdullah Alvi as its Chief Executive Officer, effective July 30, 2025. The decision was made during a board meeting held on July 7,
Pakistan has approved the import of 500,000 metric tons of sugar in 2025 to address domestic supply concerns and stabilize retail prices. The decision, announced by the Ministry of National Food Security,
Prime Minister Shehbaz Sharif has called for a comprehensive action plan to reform and modernize Pakistan’s agriculture sector, emphasizing sustainability and long-term growth. Speaking in Islamabad on July 8, 2025, he urged
The Pakistani rupee continued to weaken against the US dollar, depreciating by 0.05% in the interbank market on Tuesday. The currency closed at 284.36, down by 14 paisa from the previous day’s
The Swat River, once a lifeline for communities in Pakistan’s Khyber Pakhtunkhwa province, has become a deadly force due to unregulated sand and gravel mining. This billion-rupee industry has reshaped the river’s
Maulana Fazlur Rehman, leader of Jamiat Ulema-e-Islam-Fazl (JUI-F), has pledged his party’s backing to traders facing the potential demolition of over 7,000 shops on Circular Road in Lahore. The proposed demolitions are
On July 7, 2025, India received a reprieve from new U.S. tariffs targeting countries like Japan and South Korea, providing relief to its currency and exporters. The Indian rupee is expected to
On July 7, 2025, the United States announced a reduction in tariffs on Bangladeshi imports from 37% to 35%, effective August 1, offering limited relief to Bangladesh’s export-driven economy. The decision follows
On July 7, 2025, the Pakistan Stock Exchange (PSX) continued its record-breaking performance, with the benchmark KSE-100 Index surging past the 133,000-point milestone during intra-day trading. The index gained nearly 1,188 points,
India’s Securities and Exchange Board (SEBI) is set to enhance its oversight of the derivatives market to curb manipulation, according to Chairman Tuhin Kanta Pandey. On July 7, 2025, SEBI announced plans
The Punjab government has allocated Rs795 billion in its 2025-26 budget to advance the Climate Resilient Punjab initiative, representing 64% of the province’s Annual Development Programme (ADP). This significant investment aims to
Exchange firms in Pakistan have significantly contributed to the nation’s economy, bringing in approximately $5 billion in remittances during the fiscal year 2025. In June alone, these firms facilitated around $450 million
Pakistan and the United States have finalized an agreement on trade and tariffs, securing a deal that protects Pakistan’s export sectors, particularly textiles and agriculture, from a looming 29% tariff. The negotiations,
Vehicle prices in Pakistan have risen sharply due to new budgetary measures, including a carbon levy and increased general sales tax (GST). Local assemblers have adjusted prices upward by as much as
Microsoft has ended its 25-year presence in Pakistan by closing its office and laying off staff as part of a global restructuring effort. The decision, announced on July 3, 2025, affects a
Bangladesh faces a pressing deadline of July 9, 2025, to secure a favorable trade agreement with the United States, as potential tariff hikes threaten its garment exports. The current 16% tariff on
Karachi, Pakistan’s commercial hub, is poised for a significant urban overhaul with the Greater Karachi Regional Plan 2047, expected to be finalized within two years. The announcement came during the inaugural meeting
Prime Minister Shehbaz Sharif emphasized the need for a nationwide digital transaction system to enhance transparency in Pakistan’s economy. Speaking on July 3, 2025, he highlighted that adopting digital payment methods would
Business leaders in Pakistan are sounding alarms over controversial provisions in the Sales Tax Act, specifically Sections 37A and 37B, which they describe as overly harsh and harmful to the business climate.
Indian stock markets faced a sharp decline on July 4, 2025, following a decision by the Securities and Exchange Board of India (SEBI) to bar U.S.-based trading firm Jane Street from the
The Reserve Bank of India (RBI) is effectively managing overnight interbank lending rates to stay within its policy corridor through targeted liquidity operations, according to market analysts. On July 4, 2025, the
On July 3, 2025, the Dhaka Stock Exchange (DSE) experienced a downturn during morning trading, with the DSEX index dropping 19.22 points to settle at 4,846.11 by 11:00 AM. This decline reflects
Bangladesh’s merchandise exports increased by 8.58% in the 2024-25 fiscal year, reaching $48.28 billion, despite global economic challenges and domestic unrest. The garment sector, contributing nearly 84% of total export earnings, led
India’s services sector expanded at its fastest pace in ten months in June 2025, driven by strong domestic and international demand. The HSBC India Services PMI, a key indicator of business activity,
India and the United States are intensifying efforts to finalize a tariff-reducing trade agreement by July 9, 2025, following the US announcement of a deal with Vietnam that lowered tariffs on Vietnamese
India’s stock market saw gains on July 3, 2025, as the Nifty 50 rose 0.4% to 25,555.20 points and the BSE Sensex climbed 0.41% to 83,752.36 by mid-morning. Investor optimism was fueled
Pakistan’s anticipated 5G spectrum auction, initially planned for June 2025, faces a delay of at least four months due to unresolved issues surrounding the proposed merger between Telenor Pakistan and Pakistan Telecommunication
Pakistan’s Finance Minister Muhammad Aurangzeb highlighted the limited access to formal financing for small and medium enterprises (SMEs) during a panel discussion at the International Business Forum in Seville, Spain, on July
With the July 9, 2025, tariff deadline approaching, Pakistan and the United States are in the final stages of trade negotiations to secure a deal that could shape Pakistan’s export sectors. A
The United States and India are on the verge of finalizing a trade agreement, with President Donald Trump expressing optimism about the negotiations. The deal aims to reduce tariffs on American goods
Rice prices in Bangladesh have climbed sharply, defying expectations given the robust Boro harvest and increased imports. In Dhaka’s retail markets, Miniket rice now sells for Tk80–82 per kg, up from Tk72–74
The Pakistan Stock Exchange (PSX) achieved a historic milestone as the KSE-100 Index surged past the 130,000-point mark on Wednesday, July 2, 2025, driven by robust investor confidence and positive economic indicators.
The Indian rupee weakened slightly on July 2, 2025, declining by approximately 0.2% to 85.6850 against the U.S. dollar by mid-morning. This dip mirrors modest declines across other Asian currencies, as market
Starting July 1, 2025, Bangladesh has mandated that all certificates, licenses, and permits (CLPs) for import and export activities must be submitted through the Bangladesh Single Window (BSW) system. This new regulation,
A recent investigation by the BBC has exposed a significant undercount of fatalities in a tragic stampede at the Kumbh Mela, one of India’s largest religious gatherings. Official reports initially stated 37
Negotiations for an interim India-US trade agreement, anticipated to be finalized by early July, have hit significant obstacles, raising doubts about its timely completion. The deal, described ambitiously by US leadership, aimed
Pakistan and the United Kingdom are preparing for a significant trade dialogue aimed at reducing non-tariff barriers (NTBs) to boost bilateral commerce. The upcoming UK-Pakistan Trade Dialogue, a ministerial platform, will focus
Pakistan has witnessed a sharp increase in fuel prices, with petrol rising by Rs8.36 per litre to Rs265.61 and diesel by Rs10.39 per litre to Rs272.98, effective from July 1, 2025. This
The Pakistan Stock Exchange (PSX) began the fiscal year 2025-26 with a strong performance, as the KSE-100 Index surged past the 128,000-point mark during early trading on Tuesday. This milestone reflects robust
A Pakistani delegation arrived in Washington on Monday to conclude a significant trade agreement with the United States, aiming to strengthen economic ties and address challenges posed by high U.S. import tariffs.
Trade activities at Akhaura Land Port in Brahmanbaria, Bangladesh, have restarted after a brief halt caused by a National Board of Revenue (NBR) shutdown. The port, a key hub for commerce with
A significant gathering is set to take place in Doha, Qatar, on June 30, focusing on Afghanistan’s economic challenges and counter-narcotics efforts. This meeting, part of the Doha Process, will bring together
Pakistan’s consumer price index (CPI) inflation is projected to hover between 3% and 4% in June 2025, according to the latest economic outlook from the Finance Ministry. This forecast signals a slight
Pakistan’s Finance Minister, Muhammad Aurangzeb, left Islamabad on June 30, 2025, to attend the Fourth International Conference on Financing for Development (FFD4) in Seville, Spain, scheduled from July 1 to 3, 2025.