KARACHI: Pakistan’s short-term inflation, gauged by the Sensitive Price Indicator (SPI), surged 14.75% year-on-year, reflecting the impact of heightened geopolitical tensions following the Israel-US conflict with Iran, and the resultant disruption to global oil supplies through the Strait of Hormuz, which has caused a sharp rise in energy and food prices that continued to burden…
US and Israeli military officers held a meeting in Pentagon. PHOTO: PIXABAY The Pentagon has raised its counterintelligence threat assessment for Israel to the highest possible level on concerns about increasingly aggressive Israeli espionage targeting US officials, NBC News reported Friday. The Defence Intelligence Agency (DIA) issued the new assessment in recent weeks, elevating Israel’s…
Karachi associations praise fixed tax regime for businesses with annual turnover up to Rs200m Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file KARACHI: The federal government’s introduction of a 1% turnover tax and a fixed tax scheme for traders with annual…
Abhijeet Dipkes says his family, friends feared he could be arrested on his return to India Abhijeet Dipke, head of the Cockroach Janta Party (CJP), holds a copy of “My Autobiography” by Dr. B. R. Ambedkar as he leaves an airport in New Delhi, India, June 6, 2026. PHOTO: REUTERS The founder of India’s viral…
District administration appeals to citizens to comply with order, warns of strict action against violators The district administration of Diamer in Gilgit Baltistan (G-B) imposed Section 144 for a period of 60 days, effective June 5 as authorities complete final preparations for the elections. The imposition of Section 144 was issued by District Magistrate Diamer…
KARACHI: Pakistan Stock Exchange (PSX) witnessed a range-bound session throughout the final day of the trading week on Friday, with the benchmark index fluctuating within a narrow band before closing in the red. The cautious activity came amid limited progress in US-Iran peace negotiations and persistent regional tensions, including clashes in Lebanon despite a ceasefire….
Iranian Foreign Minister Abbas Araghchi. PHOTO: ANADOLU AGENCY Iranian Foreign Minister Abbas Araghchi criticised Lebanese President Joseph Aoun after the latter’s comments on Tehran’s role in Lebanon. In a post on X, Araghchi said Aoun’s remarks created the impression that Iran, rather than another actor, was responsible for Lebanon’s current challenges. “Based on Mr Aoun’s…
ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that appointments to important public offices must demonstrably conform to constitutional standards of fairness, transparency, institutional integrity and merit-based governance, holding that executive authority cannot be exercised on undisclosed considerations or in disregard of established selection procedures. Upholding a Peshawar High Court (PHC) judgment that set aside…
International bullion drops 2.4% as markets price in 68% chance of Fed rate hike by December KARACHI: Gold prices in Pakistan declined on Friday, tracking a sharp fall in the international market where bullion lost more than 2% after stronger-than-expected US employment data reinforced expectations that the Federal Reserve may keep interest rates elevated for…
IRGC says it launched ballistic missiles at American military installations in the region, Tasnim News reports An Iranian missile launcher. PHOTO: ANADOLU AGENCY Iran’s Islamic Revolutionary Guard Corps (IRGC) said it struck “enemy bases” in Kuwait and Bahrain after US drones attacked sites on Iranian territory, Tasnim News reported on Saturday. The IRGC’s Aerospace Force…