PSX sheds 1,486 points amid geopolitical jitters

Broad-based selling keeps KSE-100 index firmly in red as banks, energy, cement and auto stocks lead losses  The Pakistan Stock Exchange (PSX) remained under intense selling pressure on Monday as investors reacted to rising geopolitical concerns, dragging the benchmark KSE-100 index sharply lower during intraday trade. The market opened in the red and extended losses…

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Five drown as heat drives crowds to water

Two children among victims; teenager missing after tragedies at Sandspit, Korangi Causeway KARACHI: A day of relief from the city’s sweltering heat turned tragic on Sunday as five people, including two children, drowned in separate incidents at Sandspit and Korangi Causeway, while rescue teams continued searching for a missing teenager. The deadliest incidents occurred at…

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FBR reshuffles officers to boost collection

FBR has granted additional charge of key positions to 27 senior officers of the Inland Revenue Service ISLAMABAD: The Federal Board of Revenue (FBR) has decided to introduce major administrative changes in order to meet tax collection targets and improve the efficiency of the country’s revenue system. As part of these measures, the tax authority…

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The tax we don’t pay, the growth we don’t get

Agriculture, retail and real estate stay undertaxed while the salaried class and corporate sector carry the load KARACHI: We often hear about the challenges Pakistan faces when it enters an International Monetary Fund (IMF) programme, yet we seldom spend enough time reflecting on our own structural shortcomings. It is always easier to criticise an external…

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Dutch report documenting Israeli shootings of Palestinian children in Gaza wins European Press Prize

A Palestinian man holding the body of a child wrapped in a white sheet. PHOTO: ANADOLU AGENCY A meticulous investigative report by the Dutch newspaper De Volkskrant documenting what journalists describe as the deliberate targeting of children in Gaza has been awarded the European Press Prize 2026, one of the continent’s most prestigious journalism honours….

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Pakistan savings hit three-decade low

People save only Rs6 out of every Rs100 earned; PIDE urges national savings drive ISLAMABAD: Pakistan’s savings rate has fallen to its lowest level in three decades, with citizens now saving only Rs6 out of every Rs100 they earn, according to a new report by the Pakistan Institute of Development Economics (PIDE). The report warns…

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