Israel cabinet approves plan for Gaza ‘conquest’ JERUSALEM: Israel’s security cabinet approved the expansion of military operations in Gaza including the... Published 06 May, 2025 03:19am
Iran says Israel’s Netanyahu dragging US into ‘disaster’ in region TEHRAN: Iran’s Foreign Minister Abbas Araghchi on Monday accused Israeli Prime Minister Benjamin Netanyahu of... Published 06 May, 2025 03:19am
Europe pledges half a billion euros to lure scientists as Trump battles universities PARIS: The European Union and France on Monday announced half a billion euros worth of incentives to lure scientists... Published 06 May, 2025 03:19am
Crisis-hit Maldives secures $8.8bn Qatar investment COLOMBO: Cash-strapped Maldives has signed a deal with a Dubai-based company to establish an $8.8 billion investment... Published 06 May, 2025 03:19am
ICJ throws out Sudan genocide case against UAE THE HAGUE: The top United Nations court on Monday threw out Sudan’s case against the United Arab Emirates over... Published 06 May, 2025 03:19am
The Weather KARACHI: The weather report on Monday (May 5, 2025) and the forecast for Tuesday (May 6, 2025)... Published 06 May, 2025 03:19am
Biafo Industries Limited Biafo Industries Limited (PSX: BIFO) was incorporated in Pakistan as a public limited company in 1988 and started... Published 06 May, 2025 03:19am
Is SBP frontloading easing? The monetary policy committee seems to have discovered its inner daredevil. Despite exports sinking to a 22-month... Published 06 May, 2025 03:19am
April’s fuel surge Petroleum sales experienced a notable surge in April 2025, marking a 13-month high for the oil marketing sector.... Published 06 May, 2025 03:19am
KP govt urges SIFC: Projects backed by Korean state-owned co must be added to IGCEP iteration ISLAMABAD: The Khyber Pakhtunkhwa government has approached the Special Investment Facilitation Council (SIFC),... Published 06 May, 2025 03:19am
UK issues travel advisory for Pakistan, India LONDON: The United Kingdom (UK) government has issued a travel advisory urging its citizens to avoid travel to... Updated 06 May, 2025 09:21am
Industry Taxation: BQATI urges govt to withdraw new Ordinance KARACHI: The Bin Qasim Association of Trade & Industry (BQATI) Monday issued a strongly critical statement... Published 06 May, 2025 03:19am
Income Tax (Amendment) Act 2025 General Just four weeks before the introduction of the Finance Bill 2025 in the National Assembly, the President ... Published 06 May, 2025 03:19am
Justice Ayesha Malik conferred honorary degree by University of London ISLAMABAD: Justice Ayesha A Malik has been conferred the honorary degree of Doctor of Laws honoris causa by the... Updated 06 May, 2025 07:19am
Agri income tax: really, are we serious? – II In Punjab it was based on holdings and maximum rate Rs 500 per acre for holdings exceeding 50 acres. The rate of tax... Published 06 May, 2025 03:19am
Taxes Jewellers oppose new tax steps KARACHI: President of the All Pakistan Sarafa Gems and Jewellers Association, Muhammad Qasim Shakarpuri on Monday... Published 06 May, 2025 03:19am
South Asia 10 dead, dozens hurt after boats capsize in China BEIJING: Ten people have died and 70 were hospitalised after strong winds caused boats carrying tourists to capsize... Published 06 May, 2025 03:19am
Europe German coalition deal signed on eve of Merz govt launch BERLIN: The conservatives of Germany’s designated chancellor Friedrich Merz and the centre-left Social Democrats... Published 06 May, 2025 03:19am
Energy Oil loses more than $1 a barrel as OPEC+ accelerates output hikes, surplus looms NEW YORK/LONDON: Oil prices fell by more than $1 a barrel on Monday after OPEC+ decided to expedite its output ... Published 06 May, 2025 03:19am
Energy US natgas prices edge up on lower output, higher demand NEW YORK: US natural gas futures edged up about 1% to a three-week high on Monday on a drop in output in recent ... Published 06 May, 2025 03:19am
Pakistan to support all de-escalation efforts, says Dar ISLAMABAD: Pakistan said on Monday it will support all efforts towards de-escalation; however, in case of any act of... Updated 06 May, 2025 07:20am
India’s IWT action an act of war, says PTI leader ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Barrister Gohar Ali Khan on Monday said the suspension of the... Published 06 May, 2025 03:19am
Fazl asks why PM was not present in NA ISLAMABAD: Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Monday lamented the absence of the prime... Published 06 May, 2025 03:19am
HEC tells Senate body: USAID has stopped scholarships for Pakistani students ISLAMABAD: The Higher Education Commission (HEC) chairman has informed the Senate Committee on Education and... Updated 06 May, 2025 07:23am
Pahalgam attack: NA condemns India for making baseless accusations ISLAMABAD: In a rare display of unity, the National Assembly on Monday passed a unanimous resolution condemning... Published 06 May, 2025 03:19am
8 terrorists eliminated in KP IBOs ISLAMABAD: Pakistan’s security forces eliminated eight terrorists during multiple intelligence-based operations... Published 06 May, 2025 03:19am
Money & Banking Dollar weakens against major currencies NEW YORK: The US dollar was mostly lower against major currencies, including the yen and the euro, on Monday as... Published 06 May, 2025 03:19am
Money & Banking Euro zone yields edge up before Fed and BoE policy meetings FRANKFURT: Euro zone government bond yields edged up on Monday with investors on the sidelines ahead of a week ... Published 06 May, 2025 03:19am
Energy Oil refineries’ CEOs brief Aurangzeb about investment plans ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting Monday with a... Published 06 May, 2025 03:19am
Trump eyes Erdogan’s help to end Ukraine war WASHINGTON: US President Donald Trump said Monday he wanted to work with Turkish President Recep Tayyip Erdogan to... Published 06 May, 2025 03:19am
Occupied territories: Norway fund urged by union to divest from cos aiding Israel OSLO: Norway’s $1.8 trillion wealth fund should divest from all companies that aid Israel in the occupied... Published 06 May, 2025 03:19am
Rates LME official prices LONDON: The following were Friday official prices. ========================================= ALUMINIUM... Published 06 May, 2025 03:19am
Rates Shipping Intelligence KARACHI: Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 5, 2025)... Published 06 May, 2025 03:19am
Letters India’s Indus waters gamble: illegal, impossible, and immoral The Indus Waters Treaty (IWT), signed in 1960 between India, Pakistan, and the World Bank, is considered one of the... Published 06 May, 2025 03:19am
PARTLY FACETIOUS: ‘Brown Pope’ is grade 23? “Why wasn’t the Greedy for Portfolios Samdhi (GPS) at the airport to welcome the Iranian Foreign Minister – a... Published 06 May, 2025 03:19am
Opposition alliance unveils 15-point agenda ISLAMABAD: Tehreek Tahafuz-e-Aain Pakistan (Movement for the Protection of the Constitution of Pakistan) on Monday... Published 06 May, 2025 03:19am
Tax revenue target for 2025-26 The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be... Published 06 May, 2025 03:19am
What Pakistan needs to learn from Saudi Arabia Saudi Arabia’s Vision 2030 has been a game-changer, reshaping the kingdom’s future and setting a bold path for its... Published 06 May, 2025 03:19am
With militaries upgraded, risks multiply in conflict India and Pakistan have significantly upgraded their military capabilities since the nuclear-armed neighbours ... Published 06 May, 2025 03:19am
Alkhidmat Foundation hosts ceremony in honour of street children LAHORE: Alkhidmat Foundation Pakistan organized a special ceremony in Lahore to honour street children enrolled at... Published 06 May, 2025 03:19am
CM Maryam lauds police performance LAHORE: Chief Minister Punjab Maryam Nawaz Sharif has appreciated the Lahore Police for curbing crime rate in ... Published 06 May, 2025 03:19am
Network of uplift projects laid across Punjab: CM LAHORE: Chief Minister Punjab Maryam Nawaz Sharif said on Monday that a network of development projects has been ... Published 06 May, 2025 03:19am
2,200 illegal structures removed in Lahore LAHORE: The Lahore district administration on Monday removed over 2,200 illegal structures and dismantled several... Published 06 May, 2025 03:19am
Stocks Materials and utilities lift Sri Lankan shares higher COLOMBO: Sri Lankan shares closed higher on Monday, boosted by materials and utilities. The CSE All-Share index... Published 06 May, 2025 03:19am
Stocks Most Gulf markets ease on falling oil prices DUBAI: Most stock markets in the Gulf ended lower on Monday, pressured by falling oil prices and investor caution... Published 06 May, 2025 03:19am
Stocks STOXX 600 posts longest winning streak in nearly four years FRANKFURT: European shares extended their winning streak on Monday, with investors focussing on developments from ... Published 06 May, 2025 03:19am
Stocks S&P 500, Nasdaq slip after Trump’s fresh tariffs NEW YORK: The S&P 500 and the Nasdaq were lower on Monday after US President Donald Trump rekindled worries ... Published 06 May, 2025 03:19am
Sindh govt imposes ban on plastic shopping bags KARACHI: The Sindh government has taken a revolutionary step to curb environmental pollution by imposing a complete... Published 06 May, 2025 03:19am
Pakistan Navy detects Indian P-81 aircraft ISLAMABAD: Pakistan Navy detected and closely monitored an Indian P-8I surveillance aircraft during the night... Updated 06 May, 2025 07:27am
Bilawal, Shehbaz discuss upcoming federal budget ISLAMABAD: With the federal budget for 2025-26 just weeks away, Pakistan People’s Party (PPP) chairman Bilawal... Published 06 May, 2025 03:19am
India may launch strike anywhere along LoC: Asif ISLAMABAD: Defence Minister Khawaja Asif on Monday warned that India may launch a military strike anywhere along the... Published 06 May, 2025 03:19am
Zardari, Iranian FM discuss situation ISLAMABAD: The Foreign Minister of Iran, Seyyed Abbas Araghchi, called on President Asif Ali Zardari at Aiwan-e-Sadr... Published 06 May, 2025 03:19am
Verdict on trial by military courts: SC reserves judgement on ICAs ISLAMABAD: The Constitutional Bench of the Supreme Court on Monday reserved judgment on intra-court appeals (ICAs)... Published 06 May, 2025 03:19am
COAS spells out ‘most serious threat’ to security, uplift of Balochistan ISLAMABAD: Chief of Army Staff (COAS) General Syed Asim Munir on Monday said that foreign-sponsored terrorism poses... Published 06 May, 2025 03:19am
Pakistan refineries say catering to fuel needs of armed forces ISLAMABAD: Local refineries assured the government of their full operational readiness to meet the fuel requirement... Updated 06 May, 2025 07:33am
Pakistan, Iran agree to resolve complex issues thru diplomacy ISLAMABAD: Reaffirming their shared commitment to peace and stability in the region, Pakistan and Iran have agreed... Published 06 May, 2025 03:19am
Paper Lahore Paper Market Rates LAHORE: Paper market rates in rupees on Monday (May 5, 2025) ======================================= Offset Paper... Published 06 May, 2025 03:19am
Grains Lahore Grain Market Rates LAHORE: Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 5, 2025)... Published 06 May, 2025 03:19am
Forex Kerb buying and selling rate of US dollar KARACHI: Dollar buying and selling rate in the kerb market in rupees on Monday (May 5, 2025) .... Published 06 May, 2025 03:19am
Forex Dollar's rate in Interbank market KARACHI: Interbank closing rates for dollar on Monday (May 5, 2025) . ======================== Open Bid Rs... Published 06 May, 2025 03:19am
Rates BRIndex100 and BR Sectoral Indices KARACHI: BRIndex100 and BR Sectoral Indices on Monday (May 5, 2025) . ==================================== BR... Published 06 May, 2025 03:19am
Forex Open market rates of foreign currencies KARACHI: Open market rates of foreign currencies supplied by the Exchange Companies Association of Pakistan on... Published 06 May, 2025 03:19am
Rates Kibor interbank offered rates KARACHI: Kibor interbank offered rates on Monday (May 5, 2025). ========================== KIBOR... Published 06 May, 2025 03:19am
Commodities Gold gains on dollar weakness, safe-haven demand NEW YORK: Gold prices gained more than 2% on Monday, driven by a weaker dollar and safe-haven demand, while the... Published 06 May, 2025 03:19am
Commodities Soybeans fall as traders await US-China trade talks CHICAGO: Chicago soybean futures fell on Monday as traders awaited updates on possible US-China trade talks amid... Published 06 May, 2025 03:19am
Cotton & Textile Spot rate maintains overnight levels LAHORE: The local cotton market on Monday remained steady and the trading volume remained low. Cotton Analyst ... Published 06 May, 2025 03:19am
Cotton & Textile Cotton spot rates KARACHI: official KCA spot rates for local dealings in Pakistan rupees on Monday, (May 05, 2025)... Published 06 May, 2025 03:19am
Rates Activities of Karachi Port Trust, Port Qasim KARACHI: The Karachi Port Trust handled 223,816 tonnes of cargo comprising 126,667 tonnes of import cargo and 97,149... Published 06 May, 2025 03:19am
Commodities Malaysian palm oil falls on firmer ringgit, weak crude, Chicago soyoil JAKARTA: Malaysian palm oil futures extended losses on Monday, continuing their decline for the fifth straight... Published 06 May, 2025 03:19am
Commodities PMEX daily trading report KARACHI: On Friday at PMEX, the traded value of Metals, Energy, COTS and indices was recorded at PKR 45.667 billion... Published 06 May, 2025 03:19am
Commodities Russian wheat prices down as new crop approaches market MOSCOW: Russian wheat export prices fell last week as the new crop approached the market, with no confirmation of... Published 06 May, 2025 03:19am
Commodities Paris wheat hits contract lows on good Black Sea weather, strong euro PARIS/HAMBURG: Euronext wheat slid to new contract lows on Monday as rain forecast in the Black Sea export region... Published 06 May, 2025 03:19am
Commodities Frost, drought in April were negative for Ukraine’s spring crops, forecasters KYIV: Strong and prolonged frosts followed by unusually high temperatures and a lack of precipitation in April all... Published 06 May, 2025 03:19am
Commodities India’s equity benchmarks rise on trade optimism, MUMBAI: India’s equity benchmarks rose on Monday, aided by persistent foreign buying amid hopes of a US trade ... Published 06 May, 2025 03:19am
Commodities Gold prices soar on global hike KARACHI: Gold rebounded strongly on Monday as global market again crossed $3,300 per ounce, traders said. Soaring... Published 06 May, 2025 03:19am
Pakistan-India tensions may hurt growth, stability: Moody’s ISLAMABAD: Sustained escalation in tensions with India would likely weigh on Pakistan’s growth and hamper the... Updated 06 May, 2025 07:38am
PM Shehbaz orders crackdown on tax evasion, under-invoicing Premier underscores need to remove systemic obstacles in tax collection, reform outdated mechanisms Updated 06 May, 2025 02:23pm
Opportunities explored: Aurangzeb meets high-level USPBC team ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting Monday with a... Updated 06 May, 2025 09:21am
Pension, tax relief thresholds: FBR working on two major budget proposals Authority looks to impose some nominal tax where very high amount is paid under head of pensions. Initially, this may cover Grade-22 retired officials, others in same category Updated 06 May, 2025 02:21pm
Export Facilitation Scheme be retained in FY26 budget ISLAMABAD: The government will not withdraw/replace the Export Facilitation Scheme (EFS) in budget (2025-26),... Updated 06 May, 2025 07:48am
Repayments via power bills: DC fans to replace AC ones thru govt initiative ISLAMABAD: The government is poised to launch a nationwide initiative to replace alternating current (AC) fans with... Published 06 May, 2025 03:19am
Balochistan tube-wells solarisation: ECC approves Rs24.5bn transfer ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved transfer of the requisite... Updated 06 May, 2025 09:22am
Key policy rate slashed by 100bps to 11pc KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) on Monday announced a 100 basis... Published 06 May, 2025 03:19am
Rates PSX edges lower KARACHI: The Pakistan Stock Exchange (PSX) closed nearly unchanged on Monday, amid ongoing geopolitical tensions... Published 06 May, 2025 03:19am
Companies MG upgrades its Plug-in Hybrid Electric Vehicle KARACHI: MG Pakistan has announced a significant upgrade to its Plug-in Hybrid Electric Vehicle (HS PHEV) by... Published 06 May, 2025 03:19am
Industry Poultry industry urges govt to provide tax relief ISLAMABAD: The poultry industry has urged the government for provision of tax relief as in the presence of higher... Published 06 May, 2025 03:19am
Sudden tax recovery EDITORIAL: The President has issued an ordinance empowering the Federal Board of Revenue (FBR) to... Published 06 May, 2025 03:19am
Finance minister’s novel ideas EDITORIAL: It is difficult to understand why Finance Minister Muhammad Aurangzeb felt the need to rope in ... Published 06 May, 2025 03:19am
Industry LCCI rejects amendments to IT Ordinance 2001, FEA 2005 LAHORE: The Lahore Chamber of Commerce and Industry on Monday out-rightly rejected “controversial amendments”... Published 06 May, 2025 03:19am
Taxes Business community concerned over tax amendments LAHORE: The business community has expressed serious concerns over the recent Tax Laws (Amendment) Ordinance, 2025,... Published 06 May, 2025 03:19am
Taxes Punjab govt achieves record-breaking tax collection LAHORE: The Punjab government has demonstrated outstanding performance by collecting a record Rs23.7 billion during... Published 06 May, 2025 03:19am
Industry PCJCCI welcomes high-profile Chinese business team’s visit LAHORE: In a significant development for Pakistan-China economic relations, the Pakistan China Joint Chamber of... Published 06 May, 2025 03:19am
Industry 1pc cut in policy rate ‘inadequate’: FCCI FAISALABAD: Faisalabad Chamber of Commerce and Industry President Rehan Naseem Bharara has termed the 1% reduction ... Published 06 May, 2025 03:19am
Industry TDAP to host seminar on how to revitalise sorghum cultivation SAHIWAL: The Trade Development Authority of Pakistan (TDAP) will host a strategic seminar focused on revitalizing... Published 06 May, 2025 03:19am
Money & Banking Asian currencies: Taiwan dollar set for biggest jump since 1980s BENGALURU: The Taiwan dollar was poised for its biggest single-day gain since the 1980s on Monday, as the ... Published 06 May, 2025 03:19am
Industry KCCI voices concerns over new tax law KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has strongly raised concerns over the recent Tax Laws... Published 06 May, 2025 03:19am
Taxes Traders demand withdrawal of new tax ordinance KARACHI: Business and industrial community has demanded immediate withdrawal of the Ordinance and called upon the... Published 06 May, 2025 03:19am
Companies DIBPL appoints Muhammad Ali Gulfaraz as CEO KARACHI: Dubai Islamic Bank Pakistan Limited (DIBPL) announced the appointment of Muhammad Ali Gulfaraz as its new... Published 06 May, 2025 03:19am
Industry Business community says dissatisfied with meager cut in interest rate ISLAMABAD: The business community including Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and... Published 06 May, 2025 03:19am
Money & Banking SCP awarded $130m banking mandate by Siemens Energy KARACHI: Standard Chartered Pakistan has been awarded a comprehensive USD 130 million banking mandate by Siemens... Published 06 May, 2025 03:19am