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Renewable sector seeks tax cut

KARACHI: Renewable energy stakeholders have urged the Engineering Development Board to slash taxes on lithium battery cells to support domestic production and green energy adoption, according to a statement on Friday. Pakistan Renewable Energy Development Forum Chairman Irfan Allahawala said cells are taxed at 50%, discouraging local battery assembly. High duties keep battery prices elevated,…

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Punjab, K-P backtrack on highway projects

IPP president Aleem Khan addressing party workers in Taxila on November 9, 2023. PHOTO: SCREENGRAB ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan has expressed dissatisfaction over delays in key infrastructure projects and directed the National Highway Authority (NHA) to accelerate work, including completing stalled schemes independently where provincial commitments have not been fulfilled. Chairing…

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Talal rejects rumours about Imran’s health

He further stated that the PTI founder underwent multiple eye treatments at PIMS Islamabad 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 Senator Talal Chaudhry has strongly rejected what he described as “misleading and baseless propaganda” regarding the…

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Stocks end lower for fifth straight day

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday extended its losing streak, declining over 900 points to settle near 165,600 as selling pressure persisted throughout the week. The market witnessed a bearish run in every session in the outgoing week, resulting in a 3.2% week-on-week loss. Despite the downturn, analysts…

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Imran’s detention sparks showdown in parliament

Opposition links jail restrictions to political crisis; govt cites legal, judicial framework ISLAMABAD: The issue of access to jailed PTI founder Imran Khan dominated proceedings across both Houses of Parliament on Friday, with the National Assembly witnessing opposition threats of protest from Monday, while the Senate saw demands for a parliamentary committee to visit political…

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PM hails B2B cooperation with China

Prime Minister Shehbaz Sharif speaks with members of a Chinese delegation in Islamabad. PHOTO: APP ISLAMABAD: Prime Minister Shehbaz Sharif on Friday appreciated IBI Group’s decision to establish its Pakistan Digital Economy Headquarters and expressed satisfaction at the expanding business-to-business (B2B) cooperation between Pakistan and China. He was talking to a high-level 11-member Chinese business…

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Govt slashes petrol, diesel prices by Rs5

ISLAMABAD: The federal government on Friday reduced the prices of petrol and high-speed diesel by Rs5 per litre each for the next week, according to a notification issued by the Petroleum Division. Under the revised prices, high-speed diesel will cost Rs409.58 per litre, while petrol will be available at Rs409.78 per litre. The Petroleum Division…

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Bilawal ends rumours, backs Bugti tenure

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari. SCREENGRAB QUETTA: PPP Chairman Bilawal Bhutto Zardari has put an end to swirling rumours of political upheaval in Balochistan by declaring that Chief Minister Mir Sarfraz Bugti will serve his complete five-year term. Speaking to PPP workers at the Chief Minister’s Secretariat on Friday, Bilawal showered praise…

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