KARACHI: Gold prices on Thursday rose in global and local markets after five trading sessions, reaching a new high in the international bullion market. In the international bullion market, the price of gold per ounce increased by $91 to $4,063. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), locally, the price of gold…
Climate Levy raised to Rs5 per litre; Petroleum Levy cut to Rs64.14 for petrol, Rs77.04 for high-speed diesel ISLAMABAD: The federal government on Thursday revised the levy structure on petroleum products at the start of the new financial year, increasing the Climate Support Levy on petrol and high-speed diesel (HSD) while reducing the Petroleum Levy…
Brent futures lost 1.1% to $70.78 a barrel; US West Texas Intermediate crude fell 1.2% to $67.74 a barrel Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the US had made progress in indirect talks focused on the Strait of Hormuz, which handled one-fifth of global oil supply before…
ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Power Company (Gepco) under the batch-I DISCOs sell-off programme. The revised deadlines are August 7 for Fesco and August 21 for Gepco, said a press release issued…
Programme will also support investment in government computing infrastructure to strengthen institutional capacity BISP data was being analysed for a pilot project for the provision of 30,000 broadband-enabled handsets to women who are active recipients of BISP funds. PHOTO: FILE The World Bank’s Board of Executive Directors has approved $70 million in financing for the…
The FBR collected Rs6.6 trillion in income tax, missing the goal by Rs323 billion. Receipts were 13.5% higher than last year, inclusive of super tax. photo:file ISLAMABAD: Pakistan has missed the International Monetary Fund (IMF) condition on federal tax collection by a margin of Rs975 billion, as the Federal Board of Revenue (FBR) only managed…
ISLAMABAD: Third-party motor insurance coverage in Sindh has surged 1,374% within three months of the provincial government making it mandatory for all registered vehicles, according to the Securities and Exchange Commission of Pakistan (SECP). Following the enactment of the Provincial Motor Vehicles (Amendment) Act, 2026, in March, active third-party policies in Sindh increased from 11,200…
PSO details contingency measures; committee seeks accountability over Multan LPG tanker explosion KARACHI: The Senate Standing Committee on Petroleum has reviewed the country’s fuel supply situation and energy security during a meeting at Pakistan State Oil (PSO) headquarters, with members expressing satisfaction over measures taken to ensure uninterrupted petroleum supplies amid regional challenges. PSO officials…
GENEVA: The UN trade and development agency warned on Tuesday that while the reopening of the Strait of Hormuz will bring immediate relief to energy markets, vulnerable economies remain at risk from prolonged increases in food and fuel costs. Food and transport systems are likely to take longer than energy markets to recover, as disrupted…
US President Donald Trump. Photo: REUTERS US President Donald Trump reported more than $1.4 billion in income from his family’s crypto ventures last year, showing how Trump now derives most of his income from digital assets that have benefited from his policies, according to a review of his latest financial disclosures on Tuesday. The filings, his…