Biometric cure for circular debt?

KARACHI: Pakistan’s energy sector has continued to operate under the persistent shadow of circular debt. Around the start of the fiscal year, the amount stood close to Rs1.7 trillion for the power sector and Rs2.6 trillion for gas, with subsequent data showing that the number would only increase. Recoveries may or may not have improved,…

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PM invites Chinese firms to relocate industries to Pakistan under ‘win-win’ partnership model

Says Pakistan looking expertise, investment, not loans as borrowing has never enabled nation to stand on its own feet PM also invited Chinese businessmen to come and see the export zone in Karachi, where they would have great opportunities to understand business propositions. PHOTO: APP Prime Minister Shehbaz Sharif on Sunday invited the Chinese companies and entrepreneurs…

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Are superheroes losing grip on Hollywood?

A fashion sequel's box office dominance is quietly telling a bigger story about Hollywood's shifting audience loyalties, with 'The Devil Wears Prada 2' emerging as an unexpected benchmark for how far superhero cinema's once-unshakable dominance has receded. The film, directed by David Frankel, has stayed firmly at the global box office summit since its release…

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Style 101: Imra Saeed

By Muhammad Azeem PUBLISHED March 14, 2022 Imra Saeed is a modern-day luxury couture fashion house which aims to provide an extravagant experience that feels unconditionally personal. The collections aim to reinvent an exclusively fresh approach to bridal and party-wear. The upcoming collection is a fusion of ready to wear designs and limited made to…

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PSX gains over 790 points in late-session recovery

KARACHI: Trading at the Pakistan Stock Exchange (PSX) remained highly volatile on Tuesday, as investors reacted to fresh macroeconomic data and shifting intra-day sentiment. According to the Pakistan Bureau of Statistics (PBS), the country’s trade deficit widened by 3.82% year-on-year (YoY) in April 2026 to over $4.0 billion, which weighed on investor confidence early in…

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Oil ministry seeks Rs1tr levy cap

ISLAMABAD: The Petroleum Division has opposed increasing the petroleum levy tax target and suggested cutting it to Rs1 trillion while reducing the rate to Rs50 per litre until global prices remain high, warning that higher levies were creating affordability issues and threatening social stability. The division has submitted its budget 2026-27 recommendations to the finance…

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National Assembly approves Finance Bill 2026-27, passing Rs18.7 trillion budget

The bill includes revised income tax slabs, changes to import duties on vehicles and property taxation ISLAMABAD: The National Assembly on Tuesday passed the Finance Bill 2026-27 after a clause-by-clause consideration by rejecting all the amendments presented by the opposition. Minister for Finance Muhammad Aurangzeb moved the motion for consideration of the Finance Bill, 2026-27…

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