Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE KARACHI: Pakistan’s weekly inflation rose 14.47% year-on-year for the period ended May 21, 2026, as spillover effects from the US-Israel conflict with Iran continued to drive up fuel,…
Smoke rising from an explosion as the result of an Israeli strike in a populated area in Lebanon. PHOTO: ANADOLU AGENCY A new wave of Israeli strikes early Saturday damaged a hospital in the southern Lebanese city of Tyre, state news agency NNA reported. The raid caused extensive damage to Hiram Hospital, including operating rooms,…
Clashes began when JuA fighters were allegedly asked to surrender weapons, comply with directives from TTP commanders A photo of a TTP member. PHOTO: FILE PESHAWAR: Over a dozen terrorists were killed in intense clashes between the outlawed Tehreek-e-Taliban Pakistan (TTP) and its breakaway faction, TTP-Jamaatul Ahrar (JuA), as tensions escalated between commanders of the…
KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session in the red amid pre-weekend profit-taking, though the benchmark KSE-100 index posted a robust weekly gain as improving sentiment surrounding US-Iran negotiations and easing oil prices supported investor confidence throughout the week. The market initially extended its bullish momentum on reports that negotiations between the United States…
Xi Jinping has ordered a thorough investigation after one of China’s worst mining accidents in years Rescuers work at the site following a gas explosion at Liushenyu coal mine in Qinyuan county, Shanxi province, China May 23, 2026. PHOTO: REUTERS The death toll from a gas explosion at a coal mine in northern China’s Shanxi…
Development priorities were approved across all provinces and regions, focus on strengthening national development Deputy Prime Minister and Foreign Minister Ishaq Dar briefs members of the diplomatic corps at the Foreign Office in Islamabad on the first anniversary of “Marka-e-Haq” on Tuesday. Photo: X/ FO ISLAMABAD: The government on Friday gave a go-ahead to initiating…
International experience shows that trade tends to stabilise border regions by creating employment, formalising economic activity, and aligning local incentives with peace and continuity. Photo: file ISLAMABAD: The government on Friday won support from traders for its upcoming tax scheme, which offers a minimum annual tax of Rs25,000 and exempts them from audit and other…
Trump administration reportedly reviewing possible strikes while awaiting Tehran’s response to latest proposal Chief of Army Staff Field Marshal Asim Munir met with Iran’s Foreign Minister Abbas Araghchi in Tehran for late-night talks focused on diplomatic efforts to halt US-Israeli aggression and strengthen regional peace and stability. PHOTO: PRESSTV ON X Chief of Army Staff…
Tola Associates estimates $20b annual inflows; PBC seeks tax relief to stem wealth exodus Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file ISLAMABAD: The government is reviewing a proposal to allow people to…
. Minister of State for Interior Talal Chaudhry speaking to reporters outside Parliament House in Islamabad on October 9, 2025. SCREENGRAB ISLAMABAD: State Minister for Interior and Narcotics Control Talal Chaudhry on Friday informed the National Assembly (NA) that following a large-scale operation in the riverine (Kacha) areas of Punjab, all regions had been cleared…