Jewellers shut shops in protest against FBR

KARACHI: Pakistani jewellers on Tuesday launched a powerful nationwide strike against alleged harassment and unjust tax demands by the Federal Board of Revenue (FBR), completely shutting down shops across major cities, including Karachi. Traders gathered in protest in Karachi, with Qasim Shikarpuri addressing the demonstrators. “We went to Islamabad, but our issues were not resolved….

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PPP leads with 11 seats as G-B Election Commissioner announces final results

PML-N wins six seats to become the second-largest party, IPP emerges as the third-largest G-B Chief Election Commissioner (CEC) Raja Shahbaz Khan. Photo: Courtesy — Radio Pakistan ISLAMABAD: Gilgit-Baltistan Chief Election Commissioner Raja Shahbaz Khan on Wednesday said the results of all 24 constituencies had been finalised nearly 10 days after polling, with the Pakistan…

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Four independent G-B lawmakers join IPP

GILGIT: Four newly elected independent members of the Gilgit-Baltistan Assembly on Tuesday announced their decision to join the Istehkam-e-Pakistan Party (IPP) following a meeting with party president and Federal Minister Abdul Aleem Khan. The lawmakers who announced their affiliation with the party include Anwar Ali, elected from G-BA-23 Ghanche-II; Dr Asad Shafiq, elected from G-BA-24…

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ECC overrules objections to EVTL lease extension

Investment minister’s protest rejected; inquiry ordered into lack of competitive bidding ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday overruled objections raised by Investment Minister Qaiser Sheikh, who had opposed the 30-year lease extension for the Engro Vopak Terminal by declaring it a violation of public procurement rules. Headed by Finance Minister Muhammad Aurangzeb, the…

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Budget delivers relief after economic stabilisation: Tarar

Says reforms created space for tax cuts, housing incentives & support for exporters, farmers and low-income households Information Minister Attaullah Tarar addressing a media briefing. SCREENGRAB ISLAMABAD: Information Minister Attaullah Tarar on Wednesday described the upcoming fiscal year’s budget as “relief-oriented”, saying the country had moved from the risk of economic default towards stabilisation following…

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Buying frenzy powers PSX up by 3,353 points

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday extended its record-setting rally as investors continued to engage in aggressive buying amid growing confidence in the country’s economic outlook and easing geopolitical tensions in the region. The benchmark KSE-100 index gained 3,353.15 points, or 1.89%, to close at 180,392.98, after touching the intra-day high of 180,503.55 and…

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