Info ministry rejects Afghan Taliban-linked claims of cross-border drone strikes

Statement calls out Taliban for attempting to divert attention from militant activity originating from Afghanistan The information ministry on Friday strongly rejected claims circulating from Afghan Taliban-linked propaganda channels alleging cross-border drone strikes on alleged Islamic State – Khorasan Province (ISKP) camps inside Pakistan, calling the reports “false as usual”. In a fact-check statement posted…

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Industry urges targeted policy over tariff model

Experts warn 15% compression without energy, credit, logistics reforms may backfire LAHORE: Local industry has asked policymakers to design a targeted, disciplined, performance-based and time-bound industrial policy. Policymakers are currently pushing for a maximum 15% tariff cap, which is based entirely on a trade simulation model despite the fact that this model has not undergone…

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NA body defers PIA tax exemption

Committee gives govt option to either withdraw concessions or extend to all airlines “This is serious injustice to the existing as well as the new airlines that may start operations in Pakistan,” said MNA Sharmila Faruqi. photo:AFP ISLAMABAD: The National Assembly standing committee on finance Thursday deferred approval of sweeping tax exemptions for Pakistan International…

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Tata’s iPhone parts factory faces India health probe after farmer contamination complaints

Two water samples from farms have been submitted by health officials to a state government laboratory for testing Farmers speak with a security guard near the compound wall of a Tata Electronics’ components factory for Apple’s iPhone, in Hosur. PHOTO: REUTERS An Indian state health authority is investigating how liquid discharged from Apple supplier Tata’s…

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Pakistan considers big fuel price cut

ISLAMABAD: As international oil prices lose steam amid easing tensions in the Middle East, the government is weighing what could be one of the biggest reductions in petroleum prices in recent years, with petrol and diesel rates expected to fall by more than Rs55 per litre. Working papers prepared by the Petroleum Division, Pakistan State…

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PSX breaks trajectory, plummets over 2,800 points

A stock broker reacts while monitoring the market on the electronic board displaying share prices during trading session at the Pakistan Stock Exchange, in Karachi on July 3, 2023. Photo: Reuters/ File KARACHI: The Pakistan Stock Exchange (PSX) witnessed a sharp reversal in the midday trading session on Friday, with the benchmark KSE-100 Index plunging…

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8.6 million children trapped in labour

ISLAMABAD: More than 8.6 million children in Pakistan are engaged in child labour, including over 6.6 million involved in hazardous work that threatens their health, safety and development, according to a national report launched on Thursday by the National Commission for Human Rights (NCHR) in collaboration with UNICEF. Titled ‘Pakistan: Child Labour Surveys, Evidence for…

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