Experts demand end to tobacco tax freeze

ISLAMABAD: Economists, public health and environmental experts have called upon the government to end the freeze on tobacco taxation, introduce inflation-adjusted annual increases in cigarette taxes, and consider a climate tax on the tobacco industry, warning that continued inaction is imposing high costs on Pakistan’s health system, economy and environment. The recommendations were made during…

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Indian tech hub names road for Trump, drawing criticism from Modi’s party

Congress says renaming gesture demonstrates Hyderabad’s ‘growing role’ ​in partnership of two countries A key road named after United States ‌President Donald Trump in India’s opposition-ruled tech hub of Hyderabad has drawn criticism from Prime Minister Narendra Modi’s ruling party, which dismissed the move as “hypocrisy”. US-India ties have deteriorated ​during Trump’s second term, with Washington imposing…

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Naval chief vows modernisation of warfare techniques, tools to consolidate maritime influence

Chief of the Naval Staff Admiral Naveed Ashraf on Wednesday called for a reassessment of traditional warfighting concepts to keep pace with the evolving nature of modern conflicts, underscoring the importance of technological advancement and strategic adaptability to address emerging maritime security challenges. The naval chief said this during an address to the participants of…

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Gold tumbles Rs10,400 on global sell-off

Price of gold settled at Rs432,236 per tola in the local market, price of 10-gram gold dropped by Rs9,360 to Rs368,985 KARACHI: Gold prices in Pakistan witnessed a sharp decline on Tuesday, tracking losses in the international market where a stronger US dollar and rising expectations of a Federal Reserve interest rate hike dampened investor…

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FM Dar tables US-Iran deal in NA, says next phase to cover nuclear matters, sanctions and Lebanon issue

Says agreement was structured in two phases, with three issues in second phase having ‘been a source of real problem’ Deputy Prime Minister and Foreign Minister Ishaq Dar addressing the National Assembly. SCREENGRAB Foreign Minister Ishaq Dar on Wednesday tabled the three-page US-Iran agreement in the National Assembly, saying phase two would involve technical discussions on…

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Local govts starved of provincial funds

KARACHI: Pakistan’s provinces, which once complained that the federal government was monopolising power and economic resources, have themselves become barriers to devolution at the district level, particularly when it comes to fiscal and economic authority. Provinces are projected to receive Rs9.2 trillion in federal transfers in FY26-27, yet only Rs1.8 trillion is being transferred onward…

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PSX gains over 1,600 points as buying momentum returns

KARACHI: Buying momentum returned to the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 index gaining 1,666.85 points, or 0.94%, to reach 179,359.77 by 1:24pm. The market maintained its upward trajectory after a positive start to the session. Earlier in the morning, the benchmark index had climbed 551.65 points, or 0.31%, to 178,244.57…

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Bilawal Bhutto slams Khawaja Asif over AJK remarks

Questions why he remained in the cabinet, accuses some govt members of creating political problems for PM Pakistan Peoples Party chairman Bilawal Bhutto Zardari speaking on the floor of the National Assembly. SCREENGRAB PPP Chairman Bilawal Bhutto Zardari on Wednesday criticised Defence Minister Khawaja Asif over remarks about Azad Jammu and Kashmir (AJK), questioning why…

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