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Pakistan honoured at Drone Congress

[ PVARA chairman says blockchain integration with drone tech can boost logistics, transparency ISLAMABAD: Pakistan was designated as the Country of Honour at the 10th anniversary of the World Drone Congress in Shenzhen, where Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA) Bilal Bin Saqib represented the country, according to a statement issued on … Read more

Gold steady despiteglobal slide

[ At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan remained unchanged on Friday despite a decline in international bullion markets, where stronger oil prices and a firmer US dollar weighed on investor sentiment and increased expectations of another US interest rate hike. In the local … Read more

NEV policy dispute intensifies

[ With millions of combustion vehicles plying across the province, a small official electric fleet will not reduce air pollution levels. PHOTO: PIXABAY LAHORE: Pakistan’s proposed New Energy Vehicle (NEV) policy, designed to accelerate the shift towards cleaner mobility by reducing emissions and oil imports, promoting transport electrification and developing a local EV ecosystem, is … Read more

Weekly inflation rate stands above 14%

[ Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE KARACHI: Pakistan’s weekly inflation rose 14.47% year-on-year for the period ended May 21, 2026, as spillover effects from the US-Israel conflict with Iran continued to drive up … Read more

Profit-taking drags PSX lower

[ KARACHI: Pakistan Stock Exchange (PSX) ended Friday’s session in the red amid pre-weekend profit-taking, though the benchmark KSE-100 index posted a robust weekly gain as improving sentiment surrounding US-Iran negotiations and easing oil prices supported investor confidence throughout the week. The market initially extended its bullish momentum on reports that negotiations between the United … Read more

Traders back govt’ssimplified tax scheme

[ International experience shows that trade tends to stabilise border regions by creating employment, formalising economic activity, and aligning local incentives with peace and continuity. Photo: file ISLAMABAD: The government on Friday won support from traders for its upcoming tax scheme, which offers a minimum annual tax of Rs25,000 and exempts them from audit and … Read more

CDF Munir discusses regional developments, de-escalation efforts in meeting with Iran’s FM Araghchi

Trump administration reportedly reviewing possible strikes while awaiting Tehran’s response to latest proposal Chief of Army Staff Field Marshal Asim Munir met with Iran’s Foreign Minister Abbas Araghchi in Tehran for late-night talks focused on diplomatic efforts to halt US-Israeli aggression and strengthen regional peace and stability. PHOTO: PRESSTV ON X Chief of Army Staff … Read more