Policy amended to avoid US tariffs
Pakistan restricts import of goods from countries using forced, compulsory labour ISLAMABAD: The government has…
Policy amended to avoid US tariffs
Pakistan restricts import of goods from countries using forced, compulsory labour ISLAMABAD: The government has again amended the Import Policy Order to restrict the use of forced or compulsory labour in the manufacturing of goods in a bid to avoid potential tariff hike by the Trump administration. Pakistan is one of 60 economies that have…
Over 160 arrested in France after incidents following World Cup semifinal defeat to Spain
More than 160 people were arrested in Paris and Lyon following clashes and disturbances after France’s 2-0 defeat to Spain in the FIFA World Cup semifinal, broadcaster BFMTV reported Wednesday. According to the Paris Police Prefecture, 141 people were detained in the Paris region in connection with incidents that occurred after Tuesday evening’s match. Most…
France announces closure of Karachi diplomatic mission
Says the decision has been taken by the French government solely for budgetary reasons Consul General Alexis Chahtahtinsky. KARACHI: French Consul General Alexis Chahtahtinsky on Wednesday announced the closure of the French diplomatic mission in Karachi, saying the decision had been taken by the French government solely for budgetary reasons. “We shall continue deepening our…
Auto sector urges caution on tariff reforms
Oppose inclusion of auto sector in FTA talks with Thailand. PHOTO: AFP The proposed overhaul of tariffs under the National Tariff Policy (NTP) 2025-2030 has sparked intense debate within Pakistan’s auto industry, with manufacturers warning that the changes could dismantle the vendor base and manufacturing capabilities built over four decades, potentially leading to irreversible losses…
PM Shehbaz directs FBR officials to hold monthly meetings with Karachi businesses
Says regular engagement will help resolve business concerns, improve tax compliance and promote investment Prime Minister Shehbaz Sharif chairs a meeting to review tax reforms and the performance of the Federal Board of Revenue. SCREENGRAB Prime Minister Shehbaz Sharif on Wednesday directed senior officials of the Federal Board of Revenue (FBR) to visit Karachi during…
‘FIR alone cannot bar police recruitment’
ISLAMABAD: The Federal Constitutional Court (FCC) has held that the Punjab Police cannot mechanically deny recruitment to a candidate solely on the basis of a pending or previously registered FIR, observing that authorities must assess each case on its own merits and in accordance with constitutional principles. In a six-page judgment authored by Chief Justice…
Gold falls despite global surge
KARACHI: Gold prices in Pakistan declined on Tuesday despite the fact that the global market surged more than 2% after softer-than-expected US inflation data boosted hopes of a less hawkish stance by the Federal Reserve. According to the All-Pakistan Gems and Jewellers Sarafa Association, gold per tola was quoted at Rs424,136 after falling Rs5,600 during…
‘We should not treat AI as a threat,’ Australian premier rolls out new AI framework
New set of standards to provide rules for data centers, minimum water usage, underwrite or supply their own power Australian Prime Minister Anthony Albanese on Wednesday rolled out a framework for his country’s approach to artificial intelligence (AI), saying AI would become central to Australia’s productivity, economic resilience, and sovereign capability. In an address at…
SC limits customs action over misdeclaration
Court further held that where a dispute relates merely to the interpretation of law ISLAMABAD: The Supreme Court has ruled that proceedings under Section 32 of the Customs Act, 1969 cannot be initiated unless the Customs Department establishes deliberate misdeclaration, false documentation or fraud. The court further held that where a dispute relates merely to…
PSX plunges 6,400 points on ME tensions
KARACHI: Massive selling eclipsed trading at the Pakistan Stock Exchange (PSX) on Tuesday as escalating US-Iran tensions and soaring oil prices sparked panic, dragging the KSE-100 index down by more than 6,400 points. The market remained under pressure since the opening bell, with investors offloading shares across the board amid fears that the geopolitical situation…
