Software body demands predictable tax system

[ Listen to article ISLAMABAD: The Pakistan Software Houses Association (P@SHA) has called on the government to come up with a long-term, predictable tax and compliance framework for the technology and IT-enabled services (ITeS) sector. P@SHA’s “Continuity & Consistency” reform package, delivered to the Ministry of Finance ahead of the Finance Bill, lays out some changes that … Read more

Bourse hits record close near 140k

[ Listen to article KARACHI: The Pakistan Stock Exchange (PSX) rallied 4,298 points (+3.2% week-on-week) and closed at 138,597, driven by broad-based buying and positive macro developments. The current account recorded a $2.1 billion surplus in FY25, the highest in 22 years, aided by strong remittances. The State Bank of Pakistan’s (SBP) foreign currency reserves rose to … Read more

34 dead in Vietnam tourist boat capsize

HANOI: A tourist boat ferrying families around Vietnam’s Ha Long Bay capsized in a storm on Saturday afternoon, leaving at least 34 people dead, according to state media reports, as rescuers scrambled to locate the missing. The vessel was carrying 48 passengers and five crew members when it capsized in the UNESCO World Heritage site … Read more

ADB assesses feasibility of financing ML-1 project

Listen to article LAHORE: Experts from the Asian Development Bank (ADB) on Saturday inspected the Karachi to Rohri railway line, which forms a key section of the long-delayed Main Line-1 (ML-1) up-gradation project. ADB Chief Transport Planner Sangyoon Kim, accompanied by Pakistan Railways’ chief engineer open lines, examined the 480-kilometre track. Senior railway officials including infrastructure specialists, … Read more

Crypto breaches $4tr in market value

[ Listen to article BENGALURU: The crypto sector’s market value hit $4 trillion on Friday, according to CoinGecko, marking a milestone that reflects its shift from a nascent asset class to a central part of the global investment landscape. A wave of renewed optimism, regulatory clarity in key markets and rising institutional flows have catapulted the crypto … Read more

China plans action against used car sales

[ Listen to article SHANGHAI: China’s industry ministry is planning to ban the resale of cars within six months of their initial registration as part of efforts to combat sales of so-called zero-mileage used cars, an industry association publication reported on Saturday. Zero-mileage used cars have emerged in China because of the uniquely cutthroat competition for sales … Read more