Proposes 4?5% FBR revenue increase, 10?12% defence rise, and removal of infrastructure cess LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has presented its shadow budget for fiscal year 2026?27 and urged the government to design a balanced, business?friendly federal budget, according to a statement issued on Monday. LCCI President Faheemur Rehman Saigol said…
Assess regional developments, economic and humanitarian implications Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview at the International Monetary Fund and World Bank Group’s annual spring meetings in Washington DC, US, April 13, 2026, PHOTO: REUTERS ISLAMABAD: Federal Minister for Finance Muhammad Aurangzeb on Monday held a meeting with British High Commissioner Jane Marriott…
KARACHI: Gold prices on Monday registered an increase in Pakistan, mirroring gains in the international market, where the precious metal rose more than 1% amid hopes of a peace deal to end the US-Iran war. The development eased pressure on the dollar and oil prices, reducing fears of higher inflation and interest rates for an…
CALGARY: Oil prices fell almost 6% to two-week lows on Monday as optimism grew that the United States and Iran were moving closer to a peace deal that would reopen the Strait of Hormuz, even though Washington and Tehran played down hopes for an imminent breakthrough. Brent crude futures were down $6.12, or 5.9%, at…
KARACHI: Pakistani banks should follow the global trend of adopting artificial intelligence (AI) solutions to accelerate customer onboarding and strengthen Know Your Customer (KYC) compliance, with the aim of significantly expanding their customer base. AI?based systems enable banking institutions to attract new customers more efficiently, help prevent account misuse in both bank and wallet systems,…
Developments sent Brent futures rising more than 2% in Asian trade to $98.21 a barrel A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025 PHOTO: REUTERS Oil prices rose on Tuesday and stocks dithered as investor optimism over an imminent US-Iran peace deal…
Index surges nearly 3,900 points over regional optimism, robust investor interest KARACHI: In yet another powerful recovery, Pakistan equities on Monday extended their bullish momentum as strong buying interest lifted the benchmark KSE-100 index sharply higher, which gained nearly 3,900 points amid improving regional situation and investor optimism during a trading week shortened by upcoming…
PM Shehbaz says signing of agreements reflects the growing depth and diversity of Pakistan-China cooperation Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang witness the signing and exchange of several agreements, Memoranda of Understanding (MoUs), protocols, and cooperation documents in Beijing. PHOTO: PMO Prime Minister Shehbaz Sharif and Chinese Premier Li Qiang on Monday…
Global trends show that listing a family-owned conglomerate allows original sponsors to smoothly cede control to professional management. This institutionalisation protects solid businesses from failing. photo: file KARACHI: The record-breaking, Rs5.8 billion and five-second subscription of the Service Long March (SLM) Tyres’ 75% share in the IPO highlights the massive pent-up demand for quality corporate…
Open competition forces firms to invest in productivity and innovation, not rent-seeking KARACHI: As the announcement of the budget for the upcoming fiscal year, FY27, draws near, lobbies and special interest groups representing their respective industries and trade associations make a push for favourable fiscal policies to policymakers. Although the main focus is to lower…