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…
Israeli Prime Minister Benjamin Netanyahu said Thursday that he welcomed “all help” with destroying Iran’s nuclear sites, while Trump said he will decide whether to attack Iran within the next two weeks due to a “substantial” chance of negotiations. PHOTO:REUTERS Benjamin Netanyahu has long portrayed himself to the Israeli public as being uniquely adept at…
Elections will be conducted in all constituencies of AJK Legislative Assembly as approved by Delimitation Commission ISLAMABAD: The Azad Jammu and Kashmir (AJK) Election Commission on Friday announced that general elections for the AJK Legislative Assembly will be held on July 27 from 8am to 5pm., according to a notification issued today. According to the…
Power Division says two-part policy offers lower variable rates, higher fixed charges; consumers free to stay on exist ISLAMABAD: The Power Division said on Thursday that the new two-part tariff policy for industries is optional, and industrial consumers will have the freedom to choose whether to opt for this alternative regime or remain on the…