SBP scraps remittance fee incentive scheme
KARACHI: The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme…
SBP scraps remittance fee incentive scheme
KARACHI: The State Bank of Pakistan (SBP) has discontinued the Telegraphic Transfer Charges Incentive Scheme (TTCIS) with effect from July 1, 2026, ending the reimbursement mechanism under which banks were compensated for waiving telegraphic transfer charges on eligible home remittance transactions. In a circular issued on Thursday, the central bank said the scheme stood withdrawn…
PTA says internet services return to normal after SMW5 submarine cable repaired
Regulator says it remained in close coordination with Transworld Associates (TWA) throughout the disruption ISLAMABAD: Internet services across Pakistan have returned to normal after a fault in the SEA-ME-WE 5 (SMW5) international submarine cable system was repaired, the Pakistan Telecommunication Authority (PTA) said on Friday. PTA said on Thursday that it was monitoring disruption to…
India fuelling regional instability to deflect from domestic challenges: security official
Says India has evolved into a ‘police state,’ where freedom of expression and press remain under state control ISLAMABAD: A senior security official briefed media influencers on India’s regional posture and internal developments, saying New Delhi was attempting to divert attention from its domestic challenges by pursuing policies aimed at creating instability across the region,…
Tariff cut threatens two-wheeler localisation
LAHORE: The government’s decision to reduce the completely built-up unit (CBU) tariff on two-wheelers while maintaining the same tariff for completely knocked-down (CKD) units and parts may prove to be counter-productive for the auto industry in the absence of a structured, time-bound roadmap, say industry stakeholders. According to the new tariff applicable from July 1,…
El Nino set to be strong, UN warns
Forecasts rapid strengthening between July and September, raising risk of drought, heatwaves, heavy rain El Nino warms surface temperatures in the central and eastern equatorial Pacific Ocean. PHOTO: AFP El Nino will quickly develop into a strong event between July and September, fuelling the likelihood of extreme weather, the United Nations’ weather and climate agency…
PM orders nationwide ban on substandard syringes to curb spread of infectious diseases
PM orders legal action against individuals, hospitals involved in their use or found negligent in preventing their use Prime Minister Shehbaz Sharif chairs a meeting to review measures taken to prevent the spread of communicable diseases. PHOTO: PMO Prime Minister Shehbaz Sharif on Friday directed authorities to impose a nationwide ban on the manufacture and…
Ministry asked to resolve KE guarantee issue
ISLAMABAD: K-Electric has been served a gas supply disconnection notice on account of breach of guarantees, prompting the country’s economic managers to call for speedy resolution of the issue. Sources told The Express Tribune that the matter was taken up in a recent meeting of the Economic Coordination Committee (ECC). Minister for Petroleum Ali Pervaiz…
Trump Jr’s ‘Amazon of guns’ could make millions under new proposed firearm rule
ATF proposal would let licensed dealers ship firearms directly to buyers’ homes, skipping in-store pickup United States President Donald Trump and his son Donald Trump Jr arrive at the White House in Washington, DC, US, May 3, 2026. PHOTO: REUTERS Donald Trump Jr helped take an online retailer known as the “Amazon of guns” public last year….
PM Shehbaz departs for Iran to attend Khamenei’s funeral
After attending funeral in Tehran, prime minister is expected to travel to Istanbul for a bilateral visit to Turkiye Prime Minister Shehbaz Sharif leaves Islamabad on Friday for a one-day visit to Iran, where he is due to attend the funeral of Iran’s late Supreme Leader, Ayatollah Seyyed Ali Khamenei. PHOTO: PMO Prime Minister Shehbaz…
Chinese firm eyes energy investments
Shandong Xinxu proposes refinery upgrade, offshore exploration, equipment manufacturing ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik has met with Hou Jianxin, Chairman of China’s Shandong Xinxu Group, to discuss expanding cooperation and investment opportunities in Pakistan’s energy sector, according to a statement issued on Thursday. Jianxin expressed strong interest in investing across Pakistan’s energy…
