Traders demand end to smart lockdown

Say restrictions and power issues are crippling businesses, threatening livelihoods RAWALPINDI: The Central Traders Association Rawalpindi Cantonment has demanded the immediate and complete lifting of the current smart lockdown, calling on the government to allow markets, restaurants and all other businesses to operate without restrictions and to provide traders with a safe and enabling environment…

Read More

PM vows stronger EU investment ties

A European Union business delegation calls on Prime Minister Shehbaz Sharif in Islamabad. PHOTO: APP ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday reaffirmed Pakistan’s commitment to strengthening trade and investment ties with the EU. The premier expressed the resolve during a meeting with a high-level EU trade and business delegation in the federal capital, according…

Read More

Rate hike undermines investor confidence

KSE-100 loses 1,085 points on worries higher borrowing costs may hit corporate profits KARACHI: The Pakistan Stock Exchange (PSX) ended Tuesday’s session on a negative note as a 100-basis-point policy rate hike weighed on investor sentiment, who were worried that the central bank’s monetary tightening would dent business activities. During the trading session, the benchmark…

Read More

Israeli strikes leave five dead in Gaza

Israeli military said it had targeted an individual who posed a threat to Israeli troops CAIRO/GAZA: Israeli strikes killed five Palestinians, including a 9-year-old boy, in the Gaza Strip on Tuesday, health officials said. Medics said an Israeli drone killed the child, Adel Al Najjar, in eastern Khan Younis in the south of the enclave,…

Read More

UN, Iran laud Dar’s diplomacy efforts

Dar received a call today from Guterres, during which they discussed the latest regional developments Deputy Prime Minister and Foreign Minister Ishaq Dar. SCREENGRAB ISLAMABAD: United Nations Secretary General Antonio Guterres and the Ambassador of Iran to Pakistan Reza Amiri Moghadam on Tuesday expressed deep appreciation for Deputy Prime Minister and Foreign Minister Ishaq Dar…

Read More

IMF okays 60% cut in gas levy

Sources said that the IMF observed the CPP levy should be seen as a punitive tool to discourage the use of gas in inefficient in-house plants. photo: file ISLAMABAD: The International Monetary Fund (IMF) has allowed Pakistan to modify the price formula used to determine the captive gas levy, which will reduce gas prices for…

Read More

UK MPs block Mandelson inquiry

. LONDON: British lawmakers voted on Tuesday against launching an inquiry into whether Prime Minister Keir Starmer misled parliament in statements about his decision to appoint Peter Mandelson as ambassador to the United States. Starmer picked Labour veteran Mandelson for the top diplomatic posting in December 2024 and then sacked him last September when his…

Read More