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Sugar crisis. (file) Photo ISLAMABAD: The federal government has extended the reduced tax period for sugar imports. In this regard, the Federal Board of Revenue (FBR) has issued a notification amending the sales tax rules. According to the notification, the concession period has been extended from November 2025 to February 28, 2026. The Trading Corporation … Read more
[ A technician repairs power supply lines at a power plant. PHOTO: REUTERS ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved the country’s first-ever wheeling auction process, clearing the way for competitive electricity trading and declaring January 22, 2026, as the official start of commercial market operations. According to a statement issued by … Read more
The order gives President Trump more options militarily as he considers diplomacy with Iran. It is unclear where the soldiers will go in the Middle East.
[ . ISLAMABAD: The Competition Commission of Pakistan (CCP) has enforced its order by recovering a cumulative penalty of Rs40 million from United Distributors Pakistan Limited (UDPL) and International Brands (Private) Limited (IBL) for entering into an anti-competitive agreement. The enforcement follows the upholding of CCP’s decision by the Competition Appellate Tribunal (CAT), which affirmed … Read more
Pakistan, which has cultivated ties with both Washington and Tehran, sees a diplomatic opening to intervene in the war in Iran, its neighbor.
Star-studded HBL PSL 11 anthem released. Photo (file) KARACHI: The Pakistan Super League (PSL) has unveiled its official anthem for the 11th edition, titled “Khelenge Beat Pe”, marking the beginning of a new chapter for the decade-old tournament. The anthem features a star-studded lineup including Atif Aslam, Aima Baig, and the Sabri Sisters, alongside emerging … Read more
State Bank of Pakistan. Photo: File KARACHI: The State Bank of Pakistan (SBP) on Tuesday cancelled the licences of two exchange companies for violating regulatory instructions, tightening oversight of the foreign exchange market. In separate statements, the central bank said it had revoked, with immediate effect, the authorisation of Al Raj International Exchange Company (Private) … Read more
[ Pakistan has stepped up efforts to address the energy security challenge. Photo: file ISLAMABAD: As the world fuel crisis deepens in the face of US-Israel and Iran war in the Gulf, different countries, including Pakistan, are mulling over shifting to nuclear and renewable energy as well as electric vehicles. China has already helped Pakistan … Read more
Tehran would seek guarantees against future attacks, refuse limits on missile programme, they add Iranian Foreign Minister Abbas Araqchi. Photo: Reuters Iran’s negotiating posture has hardened sharply since the war began, with the Revolutionary Guards exerting growing influence over decision-making, and it will demand significant concessions from the United States if mediation efforts lead to … Read more
[Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try.