Energy has become a weapon, supply chains are being redrawn and vulnerable economies like Pakistan stand exposed ISLAMABAD: The world economy is no longer passing through a temporary crisis; it is undergoing a structural reset. The Ukraine-Russia war first disrupted the global energy order, and the escalating Middle East conflict has now deepened that rupture….
LAHORE: Traders and buyers in the cattle markets in Lahore have complained of overcharging and strict restrictions ahead of Eidul Azha. Traders at the Shahpur Kanjran cattle market, the largest permanent livestock trading centre in Punjab, alleged that fees for animal entry, fodder and space allocation were being collected above the officially approved rates, increasing…
ISLAMABAD: Pakistan’s tax debate often starts in the wrong place. We argue over rates, targets and quarterly shortfalls, but avoid the central problem: the design of the tax system itself. A tax regime that depends on a largely undocumented retail economy to collect revenue will keep producing distortion, leakage and resentment. That is exactly what…
COLOMBO: Financial irregularities surrounding Sri Lankan cricket were far worse than feared, government-appointed administrators said Thursday, promising a full accounting and sweeping reforms. “We have already ordered a forensic audit of the accounts,” Eran Wickramaratne, interim president of Sri Lanka Cricket (SLC), told his first news conference since taking office last month. He said financial…
Stray dogs wandering the city expose rising negligence by authorities, putting public safety and workers at risk. Photo: Jalal Qureshi/Express Despite official orders banning the practice, stray dog culling is still being carried out in Punjab, where a rising population of around 2.5 million stray dogs and a lack of timely vaccination have led to…
The federal government on Friday kept the prices of petrol and high-speed diesel unchanged from the current level for the next week. According to a press release from the Petroleum Division, the petrol price remains Rs299.5 per litre while HSD is Rs311.47. This is despite continuously falling oil prices in the international markets. Crude prices sank…
Pakistan’s Ambassador to the US Rizwan Saeed Sheikh has said that India miscalculated Islamabad’s desire for peace as weakness during a ceremony held at the Pakistan Embassy in Washington on Saturday to mark the completion of one year of the historic victory of Marka-e-Haq. Addressing the ceremony, Sheikh said during the Marka-e-Haq, Pakistani forces, civil…
PM, President Zardari, military chiefs hail Marka-e-Haq success, stress unity, resolve and deterrence COAS Field Marshal Asim Munir and Prime Minister Shehbaz Sharif. Photo: File Pakistan’s civil and military leadership on Saturday renewed their pledge to defend the country, warning that any aggression aimed at undermining it would be met with an “immediate, befitting and…
Suspected terror attack raises UK threat level as Somali-born British man faces attempted murder charges An Orthodox Jewish man walks past security patrolling the street near where a man was arrested on Wednesday following a stabbing incident in which two Jewish men were wounded in the Golders Green area, in London, Britain, April 30, 2026….
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 over $1 on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a…