ISLAMABAD: The federal government has set the Rs290 to a dollar exchange rate for the new budget, which shows a nominal depreciation of 3.5% in the next fiscal year and indicates its comfort in meeting external debt repayment obligations. The exchange rate has been determined for the purpose of calculating disbursements and repayments of foreign…
LONDON: Celtic’s interest in appointing Robbie Keane as their new manager has sparked anger among the club’s pro-Palestinian fans after his previous role with Israeli side Maccabi Tel Aviv. Keane is the leading contender to take charge of the Scottish champions after reportedly entering talks with the club’s principal shareholder Dermot Desmond. Keane, who is…
More than 30 Azerbaijani students took part in a competition honouring Jinnah’s leadership and legacy The Pakistan Embassy in Azerbaijan commemorated the 150th birth anniversary of Quaid-e-Azam Muhammad Ali Jinnah by organising an essay competition in Baku, aimed at promoting awareness of Pakistan’s founding father among Azerbaijani students. More than 30 students participated in the…
ISLAMABAD: With increasing trade and business activities at Gwadar, Pakistan has again pushed Saudi Arabia to set up an oil refinery worth $10 billion in the port city. Activity at Gwadar Port has jumped up to 30% in recent months in the backdrop of US-Israel-Iran war as more and more ships arrive at Pakistani ports…
KSE-100 slips 0.41% to close around 170,480 as geopolitical concerns weigh on sentiment The Pakistan Stock Exchange (PSX) witnessed a lacklustre, range-bound trading session on Friday, with the benchmark KSE-100 Index closing near 170,480 points, declining approximately 700 points. “A range-bound trading session was observed at the exchange, with the index fluctuating within a narrow…
Puddles along Jinnah Avenue mirror the refreshed greenery as rain brings welcome relief from the heat in the federal capital. PHOTO: ONLINE RAWALPINDI: Intermittent rainfall continued across the twin cities of Rawalpindi and Islamabad on Thursday, bringing pleasant weather and relief from the prevailing heat, while causing traffic disruptions in several low-lying areas due to…
Small businesses with annual turnover of up to Rs200m to be brought into formal tax net under new initiative Finance Minister Muhammad Aurangzeb and Minister of State for Finance Bilal Azhar Kayani address a news conference in Islamabad on June 5,2026. Screengrab ISLAMABAD: The government on Friday announced a “small trader scheme” under which small…
FIFA President Gianni Infantino holds the World Cup trophy. PHOTO: REUTERS FIFA will release a new football video game, FIFA World Cup: Launch Edition, on Netflix Games on June 11, timed to coincide with the start of the 2026 World Cup, the soccer governing body said on Thursday. The title will be available exclusively to…
ISLAMABAD: The Capital Development Authority (CDA) Board has approved in principle a major zoning reform proposal aimed at expanding environmental protection around the Margalla Hills National Park (MHNP), including the acquisition of privately owned land and a ban on further construction in several adjoining areas. Under the decision, the unacquired settlements of Shahdara, Talhar and…
KARACHI: The Pakistan business community says the International Monetary Fund (IMF) programme is no excuse to squeeze businesses and the public through the budget, arguing that the success of the upcoming fiscal plan will depend on the government’s ability to raise revenue from under-taxed sectors rather than placing the bulk of the burden on the…