Tax shortfall hits Rs428b in Jul-Nov

[ ISLAMABAD: As tax shortfall widens to Rs428 billion in five months, the International Monetary Fund (IMF) has expressed concern over hiring a new management in the data arm of the Federal Board of Revenue (FBR) and outsourcing its core functions without first developing a conflict of interest policy. The observations made by the IMF … Read more

Sri Lanka floodwaters rise, death toll hits 69

. People move through a flooded road on the outskirts of Colombo. Photo: AFP COLOMBO: Sri Lankan troops were racing to rescue hundreds of people marooned by rising floodwaters on Friday as weather-related deaths rose to 69, with another 34 people declared missing. Helicopters and navy boats carried out multiple rescue operations, plucking residents from … Read more

CCP issues notices to Punjab sugar mills

[ ISLAMABAD: The Competition Commission of Pakistan (CCP) has issued show-cause notices to 10 sugar mills in Punjab for colluding in relation to the start of crushing season and fixing the sugarcane procurement price at Rs400 per maund. A CCP review found that representatives of these mills held a meeting on November 10, 2025 where … Read more

Cairo resonates with Pakistani Qawwali

the badr ali and bahadur ali qawwal group

Pakistan joined the 18th ‘World Samaa International Festival for Chanting and Spiritual Music’ in Egypt on Thursday as an honorary guest, marking a significant cultural presence at an event regarded as one of the region’s most prominent platforms for spiritual performance traditions. The Badr Ali and Bahadur Ali Qawwal Group represented Pakistan and delivered an … Read more

PSX nears 167,000 on institutional inflows

KARACHI: The Pakistan Stock Exchange (PSX) closed on a positive note on Friday as the benchmark KSE-100 index advanced slightly over 1,300 points, extending its upward momentum and marking another strong session driven by institutional buying and renewed investor confidence. The index’s rise capped off a robust week in which it gained 2.8% week-on-week (WoW), … Read more

Zelensky's circle rocked by graft allegations

Ukrainian President Volodymyr Zelensky on Friday removed his powerful chief of staff and top negotiator, Andriy Yermak, after detectives raided his house as part of a sweeping corruption probe. Yermak's removal deals a serious blow to Zelensky, who is facing a mounting Russian offensive in the east just as the United States, a crucial ally, … Read more

$36b logistics loss sparks calls for digital overhaul

[ At CAREC forum, ADB announces plans to invest over $10b to support projects to build digitally connected region While infrastructure projects have brought critical improvements in energy generation, transport connectivity and logistics, they have also saddled Pakistan with an increasing debt burden. photo: file LAHORE: Pakistan is losing an estimated $36 billion annually due … Read more

Plan to export meat worth $200m finalised

[ ISLAMABAD: Pakistan on Friday finalised a plan for meat export to Malaysia, setting a target of $200 million. The government has also decided to grant industry status to the halal meat sector to increase exports and strengthen Pakistan’s economy. Under the plan, the target of $200 million in meat exports to Malaysia has been … Read more