Says Third Schedule expansion will curb tax evasion, apply full levy at manufacturing stage LAHORE: Pakistan’s fast-moving consumer goods (FMCG) industry has urged the government to expand the scope of the Third Schedule under the General Sales Tax (GST) regime, arguing that the move will improve price transparency for consumers, reduce tax evasion, and simplify…
. ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Pakistan International Airlines Corporation Limited (PIA) by PIA Equity Limited, a special purpose vehicle formed by a consortium including Arif Habib Corporation, Fatima Fertiliser, Lake City Holdings, City Schools and AKD Group, according to a statement issued on Wednesday. The transaction…
KARACHI: Gold prices in Pakistan extended their decline on Wednesday, tracking losses in the international market, where bullion fell for a third consecutive session amid uncertainty over global monetary policy and geopolitical tensions. In the local market, the price of gold per tola dropped by Rs5,500 to settle at Rs479,562, according to rates issued by…
Leaves benchmark overnight interest rate in 3.50%-3.75% range, cites inflation concerns WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, but in its most divided decision since 1992 noted rising concerns about inflation in a policy statement that drew three dissents from officials who no longer feel the US central bank should communicate a…
Securiport offers to install airport security systems; Senate flags transparency issues ISLAMABAD: President Donald Trump’s administration has backed a $2.4 billion investment offer by an American firm to install advanced security systems at major Pakistani airports to detect criminals and transnational threats. Natalie A Baker, the US Charge d’Affaires to Pakistan, has recently supported an…
FAISALABAD: The labour department has carried out 27,005 inspections across textile units, factories and workshops over the past one and a half years to check violations of child labour laws, minimum wage regulations and occupational health and safety rules, officials said. According to the department, 527 cases were registered against violators while 12,107 challans were…
. The Afghan Taliban are once again in a breach of trust as they carried our unprovoked firing along the border with Pakistan. This is a negation of Urumqi accord brokered under Chinese mediation that led to cessation of hostilities between the two countries. Pakistan’s security forces had no choice but to retaliate under Operation…
Move may have limited immediate market impact due to Iran war, but could reshape oil supply dynamics, experts say The United Arab Emirates’ decision to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) and OPEC+ gives Abu Dhabi greater control over its oil production policy and could increase pressure on the producer alliance over…
Video shows several discrepancies, signs of digital manipulation; AI detection tools also label it as suspicious Multiple users on social media platforms X and YouTube were sharing a video since April 29, 2026, claiming it shows Italian PM Giorgia Meloni ignoring her Israeli counterpart, Benjamin Netanyahu, during a United Nations General Assembly session. However, the…
American Hailey Baptiste in action against Sabalenka at the Madrid Open. Photo: AFP LONDON: Hailey Baptiste ended Aryna Sabalenka’s title defence in Madrid on Tuesday and halted the world number one’s 15-match winning streak with a 2-6, 6-2, 7-6 (8/6) quarter-final victory to deliver the biggest shock of the tournament so far.The American saved five…