Auto sector fails, aerospace soars
ISLAMABAD: Few industries contribute more to international trade, economic growth, skilled employment, and technological innovation…
Auto sector fails, aerospace soars
ISLAMABAD: Few industries contribute more to international trade, economic growth, skilled employment, and technological innovation than the automobile industry. Countries proudly showcase their automotive achievements at major international motor shows. Yet Pakistan has never enjoyed that distinction, despite assembling cars since the 1950s and devoting substantial national resources to the sector. In stark contrast, Pakistan’s…
KSE-100 sheds over 1,700 points as US-Iran tensions escalate
Selling started immediately after market opening, with the benchmark index falling down 1,849.37 points by 9:39am KARACHI: What began as early selling quickly turned into a full-scale market washout at the Pakistan Stock Exchange (PSX) on Monday, as investors rushed to offload shares following renewed military tensions between the United States and Iran. The benchmark…
Five terrorists killed as Operation Shaban continues in Balochistan: security sources
Five terrorists were killed during the latest phase of Operation Shaban, taking the total number of terrorists killed in the operation and other intelligence-based operations across Balochistan since July 5 to 114, security sources said on Monday. The joint operation by the Pakistan Army, Frontier Corps (FC), and Balochistan Police was launched in the aftermath…
Trade promotion paradox: billions spent, exports fall
Pakistan can no longer afford to treat export growth as administrative luxury; it is macroeconomic necessity ISLAMABAD: Let us monetise the total export subsidies and incentives, foregone taxes on exporters, expenses on the Trade Development Authority of Pakistan (TDAP), commercial diplomacy, and the overseas exhibitions and trade fairs organised; the net exports of Pakistan will…
Bangkok pub fire kills 27, police investigating possible negligence
Blocked emergency exits, flammable materials under scrutiny as 63 hurt, 22 critically Forensic police officials inspect the site of a deadly fire at a pub in Bangkok, Thailand, July 13, 2026. PHOTO: REUTERS An explosive fire at a pub in Thailand’s capital Bangkok killed 27 people and injured dozens, officials said on Monday, with police investigating possible negligence including obstructed emergency exits as people scrambled to flee the burning…
Fresh controversy cloudsRing Road’s inauguration
RAWALPINDI: The Rawalpindi Ring Road project, which has faced prolonged delays and repeated controversies, is again shrouded in uncertainty over whether it will be inaugurated on August 14, despite completion of the main route, following a fresh controversy over the no-objection certificate (NOC) for its service area. The Ring Road controversy has, for a second…
A tax system based on extortion
ISLAMABAD: Pakistan’s taxation debate returns every year pre- and post-budget with the same predictable outcome: higher taxes, harsher enforcement, and deeper pressure on an already shrinking formal economy. Yet despite repeated fiscal tightening, the country continues to face low compliance, weak documentation, capital flight, and slowing economic activity. Finance Minister Muhammad Aurangzeb in his budget…
Customs official’s killer dies in encounter
. PESHAWAR: The main accused in the recent murder of a customs official was killed in a police encounter in the jurisdiction of Pishtakhara Police Station, while his accomplice managed to flee under the cover of gunfire. According to police, the deceased suspect, identified as Abdul Qayyum son of Adnan, resident of Umedabad, was wanted…
PM Shehbaz heads to Qatar to offer condolences over former emir’s death
Nawaz Sharif, DPM Ishaq Dar and Information Minister Attaullah Tarar part of delegation Prime Minister Shehbaz Sharif on Monday departs for a one-day visit to Qatar, to offer condolences following the death of former Emir of Qatar Sheikh Hamad bin Khalifa Al Thani. SCREENGRAB Prime Minister Shehbaz Sharif on Monday departed for a one-day visit…
Adopting modern tech to strengthen food security
Climate-resilient crops, efficient irrigation methods, mechanisation essential for future of agriculture KARACHI: Pakistan’s agriculture sector is facing one of the most complex challenges in its history. On the one side, a rapidly growing population, rising food demand, and changing consumption patterns require higher agricultural production. On the other, climate change, water scarcity, declining soil fertility,…
