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Business
FBR offices to remain open on May 30 for tax collection
APP
Islamabad: The Federal Board of Revenue (FBR) on Friday announced that all its field formations across the country will remain open on Saturday, May 30, for the collection of duties and taxes.
According to an official statement…
Massive relief expected as petrol, diesel prices may fall
News Desk
Islamabad: Under the influence of the global oil market, petroleum product prices in Pakistan, including petrol and diesel, are expected to decline in the upcoming review, according to market sources.
Sources said the…
Pakistani Rupee Hits 20-Month High Against Dollar
News Desk
Islamabad: The Pakistani rupee strengthened to its highest level in nearly 20 months on Monday, gaining further ground against both the US dollar and the UAE dirham amid improving foreign exchange reserves and continued…
Pakistan, China Sign Over $7 Billion Investment Deals
News Desk
Hangzhou: Pakistan and China signed agreements and memorandums of understanding (MoUs) worth more than $7 billion during Prime Minister Shehbaz Sharif’s official visit to China, aimed at enhancing bilateral investment and…
Govt Raises Petrol, Diesel Prices Again
News Desk
Islamabad: The government has increased the prices of petrol and high-speed diesel by nearly Rs15 per litre, according to a notification issued by the Petroleum Division.
Under the revised rates, the price of petrol has been…
How Global Tensions Are Driving Pakistan Into an Energy Storm
News Desk
Islamabad: As tensions ripple across the Middle East, a single vessel cutting through the narrow waters of the Strait of Hormuz has become more than just a routine shipment, it is a symbol of Pakistan’s fragile energy security.…
Gorsal Border Closure: What It Means for Pak-Afghan Trade
Murad Khan
Bajaur: Mohmand District has two important trade routes with the neighboring Muslim country Afghanistan, namely Gorsal and Nawa Pass border points.
However, the major trade route was Gorsal, which has been closed since…
How Two Narrow Straits Could Squeeze Global Trade
News Desk
Islamabad: As tensions escalate in the Gulf, attention is shifting from battlefields to bottlenecks, two narrow maritime corridors that quietly power the global economy.
The simultaneous disruption of the Strait of Hormuz…
Oil Jumps as Trump Threatens Iran Over Strait of Hormuz
News Desk/Agencies
Islamabad: Global oil prices climbed further on Tuesday as Donald Trump intensified pressure on Iran, warning of severe consequences if Tehran fails to reopen the critical Strait of Hormuz.
Benchmark Brent crude…
Which Countries Are Most Affected by the Middle East Oil Shock?
News Desk
Islamabad: A recent report by The Economist has identified several countries that are most vulnerable to the economic fallout of a global oil crisis triggered by ongoing tensions in the Middle East.
The report notes that…