India’s Skyroot launches Vikram-1 in first private orbital rocket mission

Making India the third country to achieve ⁠orbital launch capability through private enterprise Indian space startup Skyroot Aerospace launched its Vikram-1 rocket, marking the first attempt by an Indian private company to place a satellite in orbit, from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, India, July 18, 2026. Photo: REUTERS Indian space…

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SC upholds FBR's stance in tax case

The Supreme Court of Pakistan has ruled that claims for input tax adjustment on construction materials, such as cement and steel used in the construction of factories or other immovable structures, are not admissible under the Sales Tax Act, 1990. The court further emphasized that mandatory legal requirements, particularly those concerning banking channels and the…

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SPI stays elevated at 13.09% YoY

Weekly inflation rises 1.4% on surge in tomato, chicken, LPG prices amid oil disruption KARACHI: The Sensitive Price Indicator (SPI) remained elevated at 13.09% year-on-year for the week ended July 16, 2026 as prolonged closure of the Strait of Hormuz amid the Israel-US conflict with Iran continued to disrupt global oil supply chains and push…

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Bilawal seeks greater powers for AJK

MUZAFFARABAD: PPP Chairman Bilawal Bhutto Zardari on Friday proposed greater constitutional empowerment for Azad Jammu and Kashmir (AJK), including representation in key institutions such as the National Finance Commission (NFC), the Council of Common Interests (CCI) and the federal cabinet. Bilawal formally launched the party’s election campaign for the upcoming AJK general elections at a…

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Profit-taking pushes PSX down by 2,321 points

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) on Friday faced profit-taking, declining about 2,320 points to close slightly above 175,800 amid heightened geopolitical uncertainty triggered by fresh US-Iran airstrikes. The market traded mixed during the day, with selective buying in the morning session giving way to selling pressure in the latter half…

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Nawaz, Maryam to lead PML-N AJK campaign

Leadership directed party workers to intensify campaign by launching an extensive door-to-door outreach drive MUZAFFARABAD: The central leadership of the PML-N on Friday held a key consultative meeting with party leaders to review arrangements for former prime minister Nawaz Sharif’s upcoming visit to AJK and preparations for the party’s election campaign. The meeting decided that…

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LPG marketers warn of supply crisis

Urge revision of LPG margins, immediate halt to plant sealing amid outdated pricing framework LAHORE: The Pakistan LPG Marketers Association (PLPGMA) has urged the federal government to immediately intervene to stop the sealing of licensed LPG plants, warning that continued enforcement actions could trigger supply disruptions, increase prices and adversely affect millions of consumers. According…

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Death toll from Venezuela earthquakes rises to 5,069

16,740 people injured in last month’s disaster, says National Assembly President Jorge Rodriguez A rescuer works at the site of a collapsed building after earthquakes hit the country, in Caracas, Venezuela, June 25, 2026. Photo: Reuters The death toll from last month’s back-to-back earthquakes in Venezuela climbed to 5,069, the country’s National Assembly President Jorge…

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