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[ Open competition forces firms to invest in productivity and innovation, not rent-seeking KARACHI: As the announcement of the budget for the upcoming fiscal year, FY27, draws near, lobbies and special interest groups representing their respective industries and trade associations make a push for favourable fiscal policies to policymakers. Although the main focus is to … Read more
[ While Pakistan can continue reforming its tariff regime over the coming years before pursuing major bilateral agreements, it cannot afford to ignore regional developments. photo:file ISLAMABAD: The summit meeting between President Donald Trump and President Xi Jinping was overshadowed by rising tensions in the Middle East, yet trade issues remained high on the agenda. … Read more
. ISLAMABAD: Minister for National Health Services, Regulations and Coordination Mustafa Kamal held meetings with the health ministers of Saudi Arabia, Sudan and Syria on the sidelines of the World Health Assembly in Geneva, where the parties agreed to strengthen cooperation in the health sector. According to the Ministry of National Health Services on Sunday, … Read more
[ Behavioural fixes like pre-filled returns and ring-fenced funds could boost compliance Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file ISLAMABAD: Pakistan’s tax-to-GDP ratio has remained around 9% to 10% for several decades now – a figure that is alarmingly low … Read more
US president says blockade on Iranian ships to ‘remain in full force’ until agreement reached Secretary of State Marco Rubio. PHOTO: REUTERS/ File US Secretary of State Marco Rubio said Monday that there might be news “maybe today” in the talks between Iran and the US to end the war. “Work still in progress. We … Read more
[ Formal sector and salaried class pay high taxes because they are visible, while undocumented and big fish remain comfo View of business offices and under construction residential apartments in Karachi, Pakistan September 23, 2025 Photo: Reuters ISLAMABAD: I run the kind of business Pakistan says it wants and needs. I produce goods, employ people, … Read more
ISLAMABAD: Pakistan Railways is moving ahead with a major technology-driven transformation under an ambitious digitisation programme featuring a 1,700-kilometre fibre optic network and smart railway systems aimed at modernising operations, freight management and passenger services across the country. According to official project documents available with Wealth Pakistan, the initiative forms part of Pakistan Railways’ Railway … Read more
Leo XIV is to issue his thoughts about artificial intelligence in the modern world, using a centuries-old form of papal communication called an encyclical, the first since he became pope.
Glamorous and a touch old-fashioned, the French film festival increasingly defines what Hollywood celebrates each year.
ISLAMABAD: The foreign ministers of 14 countries, including Pakistan, issued a joint statement on Sunday condemning the “illegal and unacceptable” opening of a purported embassy by the “so-called Somaliland region” in occupied Jerusalem. The statement, shared by the Ministry of Foreign Affairs on X, was signed by the foreign ministers of Pakistan, Egypt, Saudi Arabia, … Read more