Asian Cup draw set for May 9

LONDON: The draw for the 2027 Asian Cup in Saudi Arabia has been rescheduled for May 9 in Riyadh after escalating conflict in the Middle East disrupted sporting calendars across the region, the Asian Football Confederation (AFC) said on Wednesday.The draw was originally scheduled for April 11 but will now take place at the historic…

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EDB tightens used vehicle import rules

Compliance with tax regulations is mandatory, including a valid NTN and active filer status with the FBR ISLAMABAD: Engineering Development Board (EDB) CEO Hamad Ali Mansoor has issued a comprehensive code of conduct for the import of used vehicles, stating that ensuring transparency, quality standards and consumer protection remains his top priority, according to an…

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Cotton harvest target set at 9.6m bales

Agri-committee fixes production targets for essential Kharif crops including rice, maize and sugarcane ISLAMABAD: The government has set cotton production target at 9.64 million bales from plantations over an area of 2.16 million hectares during the upcoming Kharif sowing season 2026-27. Pakistan is currently facing a cotton crisis as the government is largely focusing on…

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PM orders swift action against over-invoicing scam, calls taxpayer money trust of nation

Committee flags irregularities from 2017–2022; FIRs filed, new probe body formed Prime Minister Shehbaz Sharif chairing a review meeting regarding FBR. Photo: GOP Prime Minister Shehbaz Sharif on Wednesday ordered expedited legal action against all those involved in over-invoicing, terming it a “heinous practice” that went unchecked for years due to institutional negligence. Chairing a…

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Gold prices in Pakistan Today

Gold and silver prices extended their upward trend in both international and local markets on Wednesday, reflecting continued strength in global bullion demand. In the international bullion market, the price of gold rose by $35 per ounce to reach $4,811, marking a further increase during the week. Following the global trend, local bullion markets also…

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PSX surges over 4,700 points as Saudi funds lift market sentiment

KARACHI: Buying momentum continued at the Pakistan Stock Exchange (PSX) on Wednesday, with investors reacting positively to the Kingdom of Saudi Arabia’s commitment of an additional $3 billion in deposits for Pakistan, boosting market sentiment early in the session. The benchmark KSE-100 Index, at 12:34pm, stood at 170,347.47 – up 4,712.63 points, or 2.85%. Trading commenced…

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Alibaba-backed BNPL firm gets SECP licence

KOKO TECH to tap into consumer financing for youth, freelancers and small businesses ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has granted a licence to KOKO TECH Pakistan (Private) Limited (KTPL) to operate a Buy Now Pay Later (BNPL) business in Pakistan, according to an official statement issued on Tuesday. KTPL is owned…

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Iranian supertanker reached Iranian waters via Strait of Hormuz despite US blockade threats: Report

A vessel at the Strait of Hormuz, off the coast of Oman’s Musandam province. PHOTO: REUTERS A giant Iranian crude carrier entered Iranian waters after transiting the Strait of Hormuz despite US blockade threats, Iranian media claimed on Wednesday morning. According to Iran’s Fars News Agency, the supertanker, which it said is capable of carrying…

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