Eid shopping at Jinnah Super Market, Islamabad. Photo: Online (file) LAHORE: The Chainstore Association of Pakistan (CAP) – a retailers’ lobby – has welcomed the temporary extension in retail business hours granted ahead of Eidul Azha and has urged the prime minister and federal cabinet to adopt a permanent, nationwide retail closing time of 10…
By helping the world reduce oil prices from the $150-$200 range and saving hundreds of billions in import bills and high interest expense, Pakistan has earned its seat at the table. photo: REUTERS HOUSTON: Oil prices rose on Friday as investors doubted the prospect of a breakthrough in US-Iran peace talks, but prices remained on…
PVARA chairman says blockchain integration with drone tech can boost logistics, transparency ISLAMABAD: Pakistan was designated as the Country of Honour at the 10th anniversary of the World Drone Congress in Shenzhen, where Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib represented the country, according to a statement issued on Friday….
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan remained unchanged on Friday despite a decline in international bullion markets, where stronger oil prices and a firmer US dollar weighed on investor sentiment and increased expectations of another US interest rate hike. In the local market,…
With millions of combustion vehicles plying across the province, a small official electric fleet will not reduce air pollution levels. PHOTO: PIXABAY LAHORE: Pakistan’s proposed New Energy Vehicle (NEV) policy, designed to accelerate the shift towards cleaner mobility by reducing emissions and oil imports, promoting transport electrification and developing a local EV ecosystem, is rapidly…
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,…
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…
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…
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…
Petrol price cut by Rs6 to Rs402.98 per litre, while diesel now costs Rs403.58 after latest revision The federal government on Friday reduced the price of petrol by Rs6 per litre and high-speed diesel by Rs6.80 per litre for the next week, according to a notification issued by the Petroleum Division. Under the revised prices,…