Right-of-way reform critical for digital economy

KARACHI: Pakistan’s latest telecom amendment has been pulled into a familiar panic cycle. A law meant to accelerate fibre, towers and 5G infrastructure is now being discussed as if it gives telecom companies the right to walk into private homes, install equipment and fine ordinary citizens Rs50 million for resistance. That reading is not supported…

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Israeli fire kills nine in Gaza

CAIRO: Israeli strikes and gunfire killed at least nine people, including a child, in the Gaza Strip on Saturday, health officials said. An Israeli airstrike killed four Palestinians, including two women and a child, in an apartment building in Gaza City, health officials said. The attack on the building in the Sabra neighborhood of Gaza…

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SBP records Rs161.5b money market placements

KARACHI: The State Bank of Pakistan (SBP) has reported strong activity in the money market, with total placements reaching Rs161.53 billion across Islamic and conventional banking segments, according to data released by the central bank’s Domestic Markets and Monetary Management Department. The report, titled Money Market Placements in Islamic Modes, showed that transactions among Islamic…

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Aurangzeb defends GDP figures

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Saturday rejected concerns over Pakistan’s GDP calculations and economic data, asserting that all national accounts are compiled under internationally recognised standards. He also emphasized that national consensus remained essential to sustaining economic recovery and reform momentum. Winding up the general debate on the Federal Budget 2026–27 in the National…

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New tax hits rented properties in Punjab

Property dealers, citizens reject new levy, term it additional burden on taxpayers RAWALPINDI: A 16 per cent General Sales Tax (GST) has been imposed on all rented properties across Rawalpindi district and the rest of Punjab, drawing strong reactions from citizens and property stakeholders. Under the new measures, all rented non-residential buildings and immovable properties…

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Rs85b PIA deal at final stage

All domestic and international approvals required for the transaction have been completed ISLAMABAD: Pakistan International Airlines (PIA) is likely to be handed over to a new buyer by the end of June as the privatisation process enters its final stage, according to sources in the Privatisation Commission. All domestic and international approvals required for the…

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Indian tankers transit Strait of Hormuz

BENGALURU: Three Indian-flagged tankers carrying more than 860,000 metric tons of oil and 94 Indian crew members have safely transited the Strait of Hormuz and are en route to India, shipping minister Sarbananda Sonowal said on Saturday. Sonowal posted on X that the Desh Vaibhav, Desh Vibhor and Sanmar Herald had all completed the transit….

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