IMF seeks Rs15.6tr tax target

[ The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file ISLAMABAD: The International Monetary Fund (IMF) has suggested a Rs15.6 trillion new tax target and the withdrawal of sales tax exemptions on fuel and newly constructed homes, but the … Read more

PSX recovers strongly as KSE-100 gains over 1,800 points at midday

Buying across key sectors, positive signals from US lift benchmark index past 148,700 KARACHI: The Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday, with buying momentum returning as trading remained underway around midday. As of approximately 12:29pm, the benchmark KSE-100 index was hovering near 148,700, posting a gain of over 1,821.49 points, or … Read more

New oil pricing formula opposed

[ Industry players caution abrupt policy changes will severely disrupt supply chain An oil platform located in sea. PHOTO: PEXELS ISLAMABAD: An emerging tussle in power corridors is likely to push the country towards a fuel crisis at a time when the government is struggling to manage supplies and stave off disruption threatened by the … Read more

2 large Chinese container ships transit Strait of Hormuz in 2nd attempt amid Mideast conflict

Transit marks first ‘confirmed crossing by major carrier since start of conflict,’ according to MarineTraffic A shipping tanker at sea. PHOTO: ANADOLU AGENCY Two large container vessels operated by the Chinese shipping giant Cosco transited through the Strait of Hormuz after aborting an initial crossing attempt on Friday amid the Middle East conflict, according to … Read more