Iran FM says Tehran has ‘no trust’ in US despite openness to serious negotiations

FM says Iran welcomes any constructive Chinese role in easing regional tensions and advancing diplomacy Iran’s Foreign Minister Abbas Araghchi attends a press conference at the Iranian embassy in New Delhi, India on May 15, 2026. PHOTO: REUTERS Iranian Foreign Minister Abbas Araghchi said Pakistan’s mediation efforts regarding regional tensions had “not failed” but were…

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The cost of being formal in Pakistan

Formal sector and salaried class pay high taxes because they are visible, while undocumented and big fish remain comfo View of business offices and under construction residential apartments in Karachi, Pakistan September 23, 2025 Photo: Reuters ISLAMABAD: I run the kind of business Pakistan says it wants and needs. I produce goods, employ people, file…

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IPOs: hunger for corporate paper

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…

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FinMin says govt focused on broadening tax base, not burdening salaried class in budget

Says ongoing reforms focused on bringing retailers into the tax net and strengthening the revenue system Finance Minister Muhammad Aurangzeb presents Budget 2026-27 in the National Assembly on Friday. — SCREENGRAB ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday said that Pakistan’s macroeconomic indicators remained stable and the government was focused on expanding the tax base…

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Barcelona must live without Yamal

Barcelona will be without Lamine Yamal for the rest of the season and Hansi Flick’s side must find a way to deal with it. Photo: AFP BARCELONA: With teenage star Lamine Yamal out injured for the rest of the season Barcelona visit Getafe on Saturday in La Liga looking for ways to cope without him…

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Foreign firms take home $2b in profits

Repatriation rises 8.66% to $2.0007b as UK, China top list; power sector leads outflows KARACHI: Foreign investors repatriated more than $2 billion in profits and dividends from Pakistan during July-April FY26, up 8.66% over the same period last year, as improving foreign exchange availability and stronger corporate earnings enabled multinational companies to transfer higher returns…

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