Business

World Bank warns Pakistan’s rising tariffs stifling exports

World Bank warns Pakistan’s rising tariffs stifling exports

KARACHI: Pakistan’s declining export performance, despite years of tariff protection, is threatening its competitiveness and long-term economic prospects, the World…
Pakistan extends deadline for PIA bid to June 19

Pakistan extends deadline for PIA bid to June 19

ISLAMABAD: Pakistan has granted prospective investors more time to prepare their bids for the privatisation of Pakistan International Airlines Corporation…
Govt to raise BISP budget by 20% to Rs716bn

Govt to raise BISP budget by 20% to Rs716bn

ISLAMABAD: The Ministry of Finance has proposed a substantial increase in the allocation for the Benazir Income Support Programme (BISP)…
Construction of M-6, M-10 motorways to begin together: Aleem Khan

Construction of M-6, M-10 motorways to begin together: Aleem Khan

Federal Minister for Communications Abdul Aleem Khan emphasized the urgent need to complete critical road infrastructure projects in Sindh, including…
New timings for govt employees announced

New timings for govt employees announced

The Federal Board of Revenue (FBR) has stepped up its enforcement and recovery measures to meet the revised tax collection…
NA panel directs KE to immediately end unscheduled power

NA panel directs KE to immediately end unscheduled power

ISLAMABAD: K-Electric (KE) has reported losses amounting to Rs44 billion in 2024 alone, attributed to unpaid electricity bills, widespread power…
PSX stages recovery as KSE-100 gains over 300 points

PSX stages recovery as KSE-100 gains over 300 points

KARACHI: The Pakistan Stock Exchange (PSX) staged a recovery on Tuesday a day after it witnessed bearish trend due to…
Gold hovers near two-week high on dollar weakness, US fiscal woes

Gold hovers near two-week high on dollar weakness, US fiscal woes

Gold hovered close to a two-week high on Tuesday, supported by a weaker dollar and concerns over the U.S. fiscal…
Oil edges down as potential higher OPEC plus output eyed

Oil edges down as potential higher OPEC plus output eyed

Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude…
FinMin Aurangzeb hints at tax relief for salaried class

FinMin Aurangzeb hints at tax relief for salaried class

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has signalled tax relief for the salaried class, saying the upcoming federal budget —…
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