Study proposes tax, reforms on cement sector

ISLAMABAD: The Competition Commission of Pakistan’s (CCP) new cement sector study has advocated tax, logistics, energy and mineral reforms to boost competition, cut structural distortions and unlock long-term growth in one of Pakistan’s key industrial sectors. The report titled “Competition Assessment Study of the Cement Sector in Pakistan,” addresses competition-related challenges in the cement sector….

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Authorities move to vacate One Constitution Avenue after IHC decision

Police deployed at all entry points of the building, residents instructed to vacate their apartments by midnight ISLAMABAD: Police and district administration on Friday took control of a multi-storey residential building on Constitution Avenue following a ruling by the Islamabad High Court (IHC) in a long-running dispute over the cancellation of its lease. Police teams were deployed…

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Rare Blue Moon lights up skies across Pakistan as clear weather aids viewing

Thisyear’s Blue Moon was also a “Micromoon”, meaning the moon was positioned relatively farther from Earth in its orbit. PHOTO: ASIF MEHMOOD LAHORE: Citizens across Pakistan, including in Lahore, witnessed the rare astronomical phenomenon known as a “Blue Moon” on Sunday night, as clear skies provided ideal viewing conditions for the event. Astronomy enthusiasts, families…

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Gold drops sharply on global selloff

KARACHI: Gold prices in Pakistan declined sharply on Friday, tracking a broad-based selloff in international markets, where bullion fell to a more than one-week low amid a stronger US dollar and rising Treasury yields. In the local market, the gold price per tola dropped to Rs476,862 after a steep decline of Rs15,500 during the day….

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