Profit-taking causes stocks to drop 803 points.
KARACHI: Pakistani equities fell Tuesday as a result of aggressive selling prompted by proposed changes to tax rules, which contrasted with the global optimistic trend in stock markets after Donald…
NA panel backs FBR’s initiative to combat black money in real estate.
ISLAMABAD: The National Assembly Standing Committee on Finance and Revenue has established a subcommittee to examine the proposed tax amendment bill with pertinent stakeholders and has supported the Federal Board…
86 foreign pilots’ licenses are extended by the cabinet.
ISLAMABAD: The license extensions for 86 foreign pilots who have been working in Pakistan for the last two years were granted by the federal cabinet on Tuesday. Prime Minister Shehbaz…
A rail disaster in Maharashtra, west India, claimed the lives of at least eleven people.
According to local media, at least 11 individuals lost their lives in a rail accident in the western Indian state of Maharashtra on Wednesday after getting off their train out…
The loud protest in NA is not subdued by PM Shehbaz’s presence.
ISLAMABAD: Despite Prime Minister Shehbaz Sharif's rare appearance, opposition members of the Pakistan Tehreek-i-Insaf (PTI) continued their loud demonstration in the National Assembly on Tuesday. The lower house passed a…
PMD warns of drought because of insufficient precipitation.
RAWALPINDI: Due to little rainfall, the Pakistan Meteorological Department (PMD) has issued a warning that most of the country is experiencing a drought-like situation. PMD's National Drought Monitoring Centre (NDMC)…
At the highest court, “jurisdiction” becomes a point of controversy.
ISLAMABAD: The Supreme Court's contempt proceedings against Additional Registrar (Judicial) Nazar Abbasi over a jurisdictional issue have turned into a discussion on the relative importance of administrative and judicial rulings.…
The government advised not to “play with fire” over the water issue.
ISLAMABAD: The Senate saw a tense debate Tuesday over the government's proposal to divert water from the Indus River for corporate farming. Lawmakers from all parties urged that the issue…
PCB claims Champions Trophy preparations are on track.
LAHORE: The Pakistan Cricket Board (PCB) welcomed the media on Monday for a tour of stadiums in Lahore and Karachi, easing concerns over the venues' preparedness for this year's Champions…
Profit repatriation rises by 114%.
KARACHI: During the first half of the current fiscal year, the outflow of profits and dividends from foreign investments increased by 114%. In FY24, the main reason for restricting profit…
