SC cautions CCP on penalty use

ISLAMABAD: The Supreme Court has urged the Competition Commission of Pakistan (CCP) to advise the government on policies aimed at promoting economic efficiency and reducing the cost of doing business, saying competition advocacy should be used as a preventive tool rather than relying primarily on penalties. The observations came in a nine-page judgment authored by…

Read More

Temasek backs SIA’s Air India bet

A Temasek logo is seen at the annual Temasek Review in Singapore July 7, 2016. REUTERS/Edgar Su/File Photo NEW DELHI: Singapore state investor Temasek, the majority shareholder of Singapore Airlines (SIA), on Saturday backed the airline’s investment in Air India, as scrutiny grows over its stake in the loss-making Indian carrier. Air India’s request for…

Read More

Wahab rejects reports of Bilawal’s wedding

Earlier, social media reports claimed Bilawal is set to marry into prominent Austrian royal family Karachi Mayor Murtaza Wahab. PHOTO: FILE Karachi Mayor Murtaza Wahab on Saturday rejected reports about Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari’s engagement or wedding, calling them “incorrect and unfounded”. In a post on X, Wahab said, “The news story regarding…

Read More

Gul Plaza fire probe leaves blame unresolved

KARACHI: The Gul Plaza tragedy was not simply a story of a devastating fire but of known dangers left unaddressed, delayed emergency response and rescue opportunities that slipped away, a 78-page judicial commission report has found, exposing a systemic failure involving government agencies and the building management that turned a fire into a mass-casualty disaster….

Read More

SCCI sends third trade mission in one month

Seven-member delegation to visit Malaysia following South Africa, South Korea trips SIALKOT: The Sialkot Chamber of Commerce and Industry (SCCI) will send a seven-member trade delegation to Malaysia on August 29, marking another step toward exploring new international markets, strengthening business ties and increasing exports from Sialkot, the chamber said. According to Chairman SCCI Departmental…

Read More

Iran says Hormuz transit understanding with Oman contingent on US fulfilling commitments

Iran’s parliament speaker rejects US Treasury chief’s claims over economic pressure Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026—REUTERS Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but its implementation is contingent on the US fulfilling its commitments, a senior Iranian diplomat…

Read More

Fuel hikes outweigh cuts under daily pricing

ISLAMABAD: Despite a string of cuts since the government introduced daily pricing, petrol has ended up Rs25.87 per litre costlier, while diesel has also recorded a net increase of Rs17.09, an analysis of price changes shows. By August 29, the price of petrol had risen by a net Rs25.87 per litre, while diesel had become…

Read More