Pakistan’s privatisation commission is addressing concerns voiced by those qualified to bid for the country’s national airline about a European Union Aviation Safety Agency (EASA) ban on the carrier, an official said on Wednesday.
The leaders of Russia and China were in Kazakhstan for a regional summit, seeking to harden anti-Western alliances and press their influence in the strategic Central Asian region.
Pakistan is looking to clinch a staff-level agreement (SLA) on an International Monetary Fund (IMF) bailout of more than $6 billion this month after addressing all of the lender’s requirements in its annual budget, state minister for…
ISLAMABAD: Justice Aalia Neelum is set to make history as the first woman to rise to the position of chief justice of the Lahore High Court, after the Judicial Commission of Pakistan (JCP) unanimously approved her elevation, on Tuesday.
RAWALPINDI: A team from the General Civil Aviation Authority (GCAA) of the United Arab Emirates begun an aviation security assessment at Karachi’s Jinnah International Airport on Tuesday.
ISLAMABAD: The country is confronting its highest-ever inflation, but the Ministry of Commerce said on Tuesday that raw food exports increased by 37 per cent in FY24 over the preceding fiscal year.
ISLAMABAD: A divided house of the Pakistan Petroleum Dealers Association (PPDA) on Tuesday announced a countrywide strike for July 5 to protest the imposition of 0.5 per cent advance turnover tax in the budget, although the government…
The US Supreme Court’s ruling on Monday that Donald Trump cannot be prosecuted for his official acts as president plunges a major criminal case against him into doubt and all but assures he will not face trial before the November 5…
KARACHI: The country saw a record inflow of foreign investment in treasury bills during the last quarter of the financial year FY24, reflecting attractive returns and stability in the exchange rate.
ISLAMABAD: Finance Minister Muhammad Aurangzeb has reiterated his commitment to strengthen the Federal Board of Revenue (FBR) and its supporting initiatives to enhance revenue collection, digitisation and economic development.
ISLAMABAD: A nationwide nominal Rs1 Point-of-Sale (PoS) service fee on each sale invoice collected by hundreds of thousands of tier-1 retailers translates into tens of billions of rupees annually and is allegedly misappropriated by tax…
RAWALPINDI: Dubai-based low-cost airline flydubai has commenced operations for Islamabad and Lahore and inaugural flights received water cannon salutes as they touched down at ariports in the two cities on Monday.
FORMER prime minister Shahid Khaqan Abbasi talks to media as ex-finance minister Miftah Ismail (left) and Dr Zafar Mirza look on, in Islamabad.—Tanveer Shahzad / White Star
UNITED NATIONS: Russian envoy to the UN Vasily Nebenzya suggested on Monday that Moscow was considering dropping sanctions against the Taliban as the Afghan authorities met with representatives of the international community in Doha.
KARACHI: After a record price cut of Rs1.513 million in the last week of April, Lucky Motor Corporation Ltd (LMCL) jacked up the price of Kia Stonic by Rs733,000 on Monday.
Top Democrats on Sunday ruled out the possibility of replacing President Joe Biden as the Democratic nominee after a feeble debate performance and called on party members to focus instead on the consequences of a second Donald Trump…
The US Supreme Court found on Monday that Donald Trump cannot be prosecuted for official actions taken as president, but can for private acts, in a landmark ruling recognising for the first time any form of presidential immunity from…
Shares at the Pakistan Stock Exchange (PSX) climbed more than 300 points in on Monday on expectations of expectations of a new deal with the International Monetary Fund (IMF).
The government claims it is unable to do much to appease the business community given the current circumstances, even if it wishes to. The business community’s tough stance towards the budget was expected. Although the government asserts…
ISLAMABAD: To meet a “prior action” of the International Monetary Fund (IMF), the government on Sunday notified an increase of about 9 per cent in gas rates for industrial captive power units with effect from July 1 (today) but blocked…
ISLAMABAD: The PML-N-led coalition government began the new fiscal year (2024-25) with an increase in petrol and high-speed diesel prices by Rs7.45 and Rs9.56 per litre, respectively, for the next fortnight.
Finance Minister Muhammad Aurangzeb on Sunday expressed confidence that Pakistan would secure an extended loan programme with the International Monetary Fund (IMF), adding that agreements with the Fund can contribute to macroeconomic…
Punjab Assembly (PA) Speaker Malik Muhammad Ahmed Khan on Saturday announced the formation of an ethics committee to address the “deterioration of decorum” witnessed in the house in recent days.
A fired-up Joe Biden came out swinging on Friday as he tried to make up for a disastrous debate performance against Donald Trump, insisting he was the right man to win November’s US presidential election.
ISLAMABAD: The government has extended exemptions in specific sectors while announcing new tax measures in several areas to generate additional revenue in the coming fiscal year to meet the International Monetary Fund’s criteria.
ISLAMABAD: Tensions gripped the National Assembly on Friday as the House passed the budget for the next fiscal year with some amendments. The motion, introduced by Finance Minister Muhammad Aurangzeb, was preceded by fiery speeches from…
QUETTA: The Balochistan Assembly on Friday passed the provincial budget of Rs900 billion, including Rs321 billion for the Public Sector Development Programme (PSDP), for the financial year 2024-25, without any opposition despite some cut…