Once-thriving trade hubs remain crippled by unemployment and crumbling infrastructure PESHAWAR: The historic commercial centers of Bara Bazaar and the main markets of Tirah in Khyber tribal district continue to suffer from severe economic decline, widespread unemployment, and a lack of basic amenities, prompting strong demands from local traders, laborers, and displaced businessmen for swift…
Brent crude drops to $99 amid cautious hopes for diplomatic breakthrough between US, Iran Oil containers at the Port of Fujairah, as the US-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, on May 6, 2026. PHOTO: REUTERS Oil prices fell more than 4% to two-week lows on…
Last month, IHC dismissed petition against lease cancellation, stating that the buyers lacked ownership rights The Islamabad High Court (IHC) on Monday issued a significant order restraining authorities from evicting the sub-lease holder apartment owners of One Constitution Avenue until further notice. A division bench comprising Justice Muhammad Azam Khan and Justice Inaam Ameen Minhas…
PM Shehbaz says signing of agreements reflects the growing depth and diversity of Pakistan-China cooperation Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang witness the signing and exchange of several agreements, Memoranda of Understanding (MoUs), protocols, and cooperation documents in Beijing. PHOTO: PMO Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang on Monday…
PESHAWAR: Hazara Region lifted the cricket trophy after a thrilling final at the Khyber-Pakhtunkhwa Minority Sports Festival, defeating South Region, who finished as runners-up. The festival, organised by the Directorate General of Sports K-P, featured a range of sporting and recreational events aimed at fostering inclusion and harmony among minority communities. In football, South Region…
Peshawar’s leaked matric papers have left students, parents, and educators questioning the system’s credibility PESHAWAR: The recent matriculation examinations in Peshawar have come under intense public scrutiny, as repeated reports of paper leaks dominated social media and drew strong criticism from parents and education experts, who described the situation as a serious failure of the…
Global trends show that listing a family-owned conglomerate allows original sponsors to smoothly cede control to professional management. This institutionalisation protects solid businesses from failing. photo: file KARACHI: The record-breaking, Rs5.8 billion and five-second subscription of the Service Long March (SLM) Tyres’ 75% share in the IPO highlights the massive pent-up demand for quality corporate…
KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions KARACHI: The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade. During the session, the benchmark index touched an intraday high of 171,519.26…
Ownership dispute remains pending while future of historic structure stays uncertain RAWALPINDI: A 200-year-old historic building located at Committee Chowk on Murree Road, opposite the shrine of Talian Shah, has been vacated by the education department after more than six decades, reviving speculation over a major commercial redevelopment plan allegedly backed by one of Rawalpindi’s…
Open competition forces firms to invest in productivity and innovation, not rent-seeking KARACHI: As the announcement of the budget for the upcoming fiscal year, FY27, draws near, lobbies and special interest groups representing their respective industries and trade associations make a push for favourable fiscal policies to policymakers. Although the main focus is to lower…