KARACHI: The auto sector in Pakistan is quickly returning to its previous upward trend as financing surged to an all-time high of Rs369 billion in May 2026, surpassing the previous record of Rs368 billion reached in June 2022, as lower borrowing costs, aggressive promotional offers by assemblers and banks, and pent-up consumer demand continued to…
Says discovery in Bazgai X-1 well in Nashpa block is producing 15,005 barrels of oil, 45.36 MMSCFD of gas per day Minister for Petroleum Ali Pervaiz Malik inaugurates commercial production from OGDC’s Baragzai X-01 well in the Nashpa block, Kohat, on Tuesday. Photo: APP In a major development amid the ongoing energy crisis, the Oil…
Premier expresses appreciation of its patience in Mideast conflict, briefs Saudi leadership on peace efforts Prime Minister Shehbaz Sharif meets with Saudi Crown Prince Mohammed bin Salman in Jeddah. PHOTO: PMO/X Prime Minister Shehbaz Sharif on Thursday expressed deep appreciation for Saudi Arabia’s continued support in strengthening the country’s economic stability during a meeting with…
Proposals discussed will be placed before their leaderships before any final decision is taken Senior leaders of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) meet in Gilgit. PHOTO: SCREENGRAB Senior leaders of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) met in Gilgit to discuss various proposals for…
Behavioural fixes like pre-filled returns and ring-fenced funds could boost compliance Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file ISLAMABAD: Pakistan’s tax-to-GDP ratio has remained around 9% to 10% for several decades now – a figure that is alarmingly low for…
LONDON: Celtic’s interest in appointing Robbie Keane as their new manager has sparked anger among the club’s pro-Palestinian fans after his previous role with Israeli side Maccabi Tel Aviv. Keane is the leading contender to take charge of the Scottish champions after reportedly entering talks with the club’s principal shareholder Dermot Desmond. Keane, who is…
KARACHI: The Pakistan Stock Exchange (PSX) succumbed to a wave of selling pressure during the outgoing week as the benchmark KSE-100 index plunged by over 3,200 points, or 2%, settling at 170,672. The market was rattled by a toxic mix of heightened geopolitical uncertainty, domestic energy crunch, and reports of stringent new IMF conditions. On…
Charles Leclerc will try to put an end to Kimi Antonelli’s winning run in Monaco. Photo: AFP MONACO: Local hero Charles Leclerc and Lewis Hamilton are widely expected to end Ferrari’s long winless streak and finish Italian teenager Kimi Antonelli’s record streak in Sunday’s Monaco Grand Prix. Leclerc, who this week agreed a contract extension with Ferrari, won…
FO team will remain engaged with parties for technical-level talks for the remainder of the week in Switzerland: Dar Deputy Prime Minister and Foreign Minister Ishaq Dar. SCREENGRAB Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday welcomed what he described as “substantial progress” achieved during high-level talks in Bürgenstock, Switzerland, and said Pakistan…
Ground-floor restaurant suspected as cause of blaze as over 40 rescued, shifted to nearby hospitals for treatment At least 21 people were killed in a fire at a hotel in Delhi on Wednesday, police said, in one of the worst such incidents in the national capital in recent years. The hotel was located in Malviya…