‘India fails to impose and effectively enforce forced labour import prohibition,’ office says in report Pakistan is doing the right things at the moment in navigating through a complex and uncertain global trade situation. It has recently announced major tariff reforms, due for the last 20 years. Photo: REUTERS The United States has proposed an…
Pakistan on Tuesday expressed grave concern over the deteriorating security and humanitarian situation in Lebanon, warning that ongoing Israeli military operations are causing mass civilian suffering and undermining peace efforts, according to a statement delivered at an emergency meeting of the UN Security Council on the recent situation in Lebanon. Pakistan’s Permanent Representative to the…
Shops, markets, shopping malls, bazaars, grocery outlets, kiryana stores will close at 9pm on all days of week As many as 8,511 shops and businesses in 1,698 markets were raided by price control magistrates across the province. PHOTO: SHAHBAZ MALIK The federal government on Wednesday revised business and commercial closing times nationwide, allowing most shops,…
Allegtaion that Inland Revenue officials recovered large amount under coercive circumstances without lawful assessment ISLAMABAD: The Federal Tax Ombudsman (FTO) has ruled that obtaining tax deposits from taxpayers during proceedings under Section 175C of the Income Tax Ordinance, 2001, without subsequently determining liability through the prescribed legal process, constitutes maladministration. The complaint was filed by…
Trade agency says it will impose additional duties of 12.5% on remaining 45 countries it investigates A recent study ranks Pakistan as having the second-highest tariff cascading structure globally, after Egypt. photo: file The Trump administration on Tuesday proposed imposing additional duties of 10% or 12.5% on imports from 60 economies after determining their failures…
ISLAMABAD: The Federal Constitutional Court (FCC) has ruled that strikes called by bar associations and bar councils are not only illegal but also violate a litigant’s constitutional right of access to justice, holding that such actions deprive citizens of legal representation and further burden an already strained judicial system. In a detailed 20-page judgment authored…
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil prices rose on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew with Iran…
US CENTCOM says all attacks failed and that US forces remained ready to repel ‘unwarranted Iranian aggression’ Smoke billows from southern Lebanon, following Israeli strikes, as seen from Nabatieh, Lebanon, June 2, 2026. PHOTO: REUTERS Gulf hostilities flared anew on Wednesday, with the US military saying Iranian missile attacks on Bahrain, Kuwait and other regional targets were…
LAHORE: Two of the three major political players in Gilgit-Baltistanthe PPP, an ally of the coalition government in the Centre, and the main opposition party PTIhave raised alarms over what they term violations of the electoral process. PPP Central Punjab General Secretary Syed Hassan Murtaza, in a statement issued on Tuesday, strongly condemned the alleged…
KARACHI: Pakistan’s oil marketing companies (OMCs) recorded their sharpest monthly sales decline since November 2023 as elevated petroleum prices, driven by the Iran-US war, forced consumers to curb fuel consumption and restrict travel to essential needs. “Elevated POL prices drove the sharpest volume decline since November 2023,” noted Bazif Memon, Energy Sector Analyst at Optimus…