PAMA seeks PM intervention, warns local manufacturing unviable after Finance Act 2026 All three companies would separately enter into agreements with Ministry of Industries and Production to ensure compliance conditions of the Automotive Development Policy 2016-21. PHOTO: REUTERS LAHORE: The Pakistan Automotive Manufacturers Association (PAMA) has urged Prime Minister Shehbaz Sharif for urgent intervention to…
Courtyard of Imam Khomeini Grand Mosalla filled with mourners waving flags, carrying photographs of slain leader Iranian President Masoud Pezeshkian, Foreign Minister Abbas Araghchi, Chief Justice Gholam-Hossein Mohseni Ejei and Parliament Speaker Mohammad Bagher Ghalibaf attend farewell ceremony for late Supreme Leader Ayatollah Ali Khamenei in Tehran, Iran, July 3, 2026. PHOTO: REUTERS Mourners thronged…
Highlights Pakistan’s improving macroeconomic fundamentals, investor-friendly policy framework PM Shehbaz meeting with a delegation of Calık Holding led by the Group’s Chairman Mr. Ahmet Calık in Istanbul. Photo: X Prime Minister Shehbaz Sharif on Saturday held a series of meetings with senior executives of Turkiye’s leading business groups and industry organisations in Istanbul, reaffirming Pakistan’s…
LAHORE: Cement demand showed a growth of 7.21% during the fiscal year ended June 30, 2026 as 50.515 million tons were supplied to domestic and export markets compared to 47.116 million tons in the previous year. According to data released by the All Pakistan Cement Manufacturers Association, local sales increased from 37.906 million tons in…
US recently unveiled significant cuts to forces it would deploy to Europe in event of a war or major crisis European NATO allies have largely filled the capability gaps created by recent US reductions in its reinforcement plans for a potential conflict in Europe, the deputy supreme allied commander Europe told Bloomberg in a Friday…
Indonesia is Pakistan’s leading partner in developing local vaccine manufacturing ISLAMABAD: Indonesia on Friday assured Pakistan of full cooperation in vaccine production, technical cooperation and capacity building. This was decided during a meeting between Federal Minister for National Health Services, Regulations and Coordination Mustafa Kamal and Indonesia’s health minister in Geneva. Indonesia is Pakistan’s leading…
Finance Minister Muhammad Aurangzeb in an interview at the World Bank Spring Meetings 2026 with China Global Television Network’s program “The Heat”. PHOTO: SCREENGRAB FAISALABAD: Finance Minister Senator Muhammad Aurangzeb on Friday said a fully digitalised taxation system is imperative to eliminate leakage and enhance collection without hassle for taxpayers. Addressing the business community at…
Communication and Information Ministry says over 3,300 international rescue workers deployed in quake-hit area The death toll from the powerful earthquakes that struck northern Venezuela last month has risen to 2,645, while 12,666 people were injured, the Communication and Information Ministry said Friday. According to a ministry statement on US social media company X, so…
Court held that contract service cannot be included within the definition of a government servant Police officers walk past the Supreme Court of Pakistan building, in Islamabad, Pakistan April 6, 2022. REUTERS ISLAMABAD: The Supreme Court has ruled that service rendered on a contractual basis cannot be counted as regular government service for promotion, holding…
KARACHI: The Sensitive Price Indicator (SPI) registered a year-on-year increase of 13.52% for the week ended July 2, 2026, highlighting persistent inflationary pressures on essential commodities as substantial reductions in petroleum prices have yet to translate into meaningful relief for consumers. According to the Pakistan Bureau of Statistics (PBS), the SPI, which tracks 51 essential…