Travelers Face More Delays After Major Disruption at British Airports
An air traffic control problem caused more than 1,000 flight cancellations on Tuesday, and airlines warned that the effects could linger.
Traders offered 1% tax scheme
[ FBR offers simplified filing, voluntary compliance, no POS, no audit for small shopkeepers FBR received Rs719 billion worth of sales tax, exceeding the target by Rs85 billion. PHOTO:FILE LAHORE/KARACHI: The Federal Board of Revenue (FBR) has launched a simplified tax return filing facility for small traders, offering a 1% tax rate on turnover with … Read more
PSX loses 994 points as ME conflict dents trust
[ Despite late recovery, KSE-100 closes in the red over oil supply disruption, elevated prices KARACHI: Pakistan Stock Exchange (PSX) remained under pressure on Tuesday as fears of a prolonged Middle East conflict unnerved investors while surging oil prices dented their risk appetite. The benchmark KSE-100 index fell 993.92 points, or 0.57%, to settle at … Read more
New Pak-China agri-route opens
[A new sea-rail route linking Pakistan with Chengdu is offering more than a faster way to bring Pakistani dried chilies into China. It could also provide a new channel for Pakistani agricultural products to reach the vast food-processing and consumer market in southwestern China. Li Jiarun, head of the trade business at Chengdu International Railway … Read more
Oil nears $100 as fresh Middle East strikes raise supply risks
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY Oil prices rose for the fourth straight session, gaining more than $1 in early trade on Wednesday after renewed attacks across … Read more
Iran attacks US base in Jordan, ships near Hormuz after tankers sunk
M/T Riesco sinks in the Gulf of Oman, September 8, after being destroyed by CENTCOM forces in response to attempted IRGC attacks on a US Navy warship. PHOTO: REUTERS Iran’s Revolutionary Guard said it fired ballistic missiles at a base in Jordan used by the US military and attacked 10 ships on Wednesday, after the … Read more
VEON explores digital infrastructure uplift
[ ISLAMABAD: Veon Group CEO Kaan Terzioglu and JazzWorld CEO Aamir Ibrahim led a senior leadership delegation that met with Securities and Exchange Commission of Pakistan (SECP) Chairman Dr Kabir Ahmed Sidhu on Tuesday to discuss strengthening Pakistan’s capital markets, expanding financial inclusion, developing digital infrastructure and advancing technology-led innovation. The corporate leaders acknowledged the … Read more
Nepal’s Flood Relief Workers Feel the Pain of Trump’s Cuts to U.S.A.I.D.
The agency played an important role in responding to earlier disasters like the 2015 earthquake. But the U.S. and other countries have pulled back, Nepali officials and humanitarian groups say.
First Africa business platform launched
[ Council to connect Pakistani businesses with 1.59b population, starting with Rwanda, Ethiopia, Uganda ISLAMABAD: The Pakistan-Africa Economic Council (PAEC) is set to be formally launched this Friday, creating a new platform aimed at expanding Pakistan’s trade, investment and business partnerships with Africa’s rapidly growing markets. The PAEC is described as Pakistan’s first official Securities … Read more
BHU blown up in Tank
. TANK: Unknown individuals blew up the remaining portion of a Basic Health Unit (BHU) in Sheikh Sultan village in Tank with explosives last night, reducing it to rubble. According to local sources, the unidentified attackers targeted the Basic Health Unit building with another blast under the cover of darkness, causing a further large section … Read more