Dawn
LAHORE: Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman has demanded the immediate abolition of the petroleum levy, substantial tax relief for salaried individuals and the empowerment of local governments, warning that the JI will launch a nationwide protest movement if the government presents an ant...
Posted on 7 June 2026 | 5:30 am
Dawn
KARACHI: More taxes and more borrowings from banks have been helping the government to continue with higher spending in FY26 against the IMF's suggestion for a cut in expenses. The latest data released by the State Bank showed that the federal government borrowed heavily from banks during the firs...
Posted on 7 June 2026 | 4:42 am
Dawn
• Prices stay high despite export disruptions• Beef hits Rs1,500-1,800 per kg, mutton Rs2,700-2,900 KARACHI: Amid disease outbreaks, export suspensions, volatile market conditions and rising feed and production costs, the poultry sector has continued to grow by eight per cent annually over the p...
Posted on 7 June 2026 | 4:33 am
Dawn
ISLAMABAD: Pakistan's services exports grew by 17.68 per cent during the first 10 months of 2025-26, largely driven by higher earnings from the information technology sector, according to official data. The steady expansion in services exports since the start of FY26 contrasts with mixed trends in...
Posted on 7 June 2026 | 4:25 am
Dawn
https://www.dawn.com/news/2005769
Posted on 7 June 2026 | 4:22 am
Dawn
ISLAMABAD: The ceramic tiles and glass industries have expressed concern over proposed duty cuts on imports of ceramic tiles and glass products. Talking to a selected group of journalists on Saturday, Atif Iqbal, Secretary General of the All Pakistan Ceramic Tiles Manufacturers Association (APCTMA)...
Posted on 7 June 2026 | 12:19 am
Dawn
Pakistan, Saudi Arabia and local partners have signed a memorandum of understanding (MoU) to explore the development of a maritime business district on prime Karachi Port Trust's (KPT) waterfront land, the maritime affairs ministry said on Saturday. In a statement, Maritime Affairs Minister Junaid...
Posted on 6 June 2026 | 8:29 am
Dawn
KARACHI: Quantum Global Data Centre (QGDC), a venture of the Gul Ahmed Energy Group, announced plans on Thursday to develop Pakistan's largest Tier III data centre, which is expected to become operational in 2027 with an initial investment of $230 million, Bloomberg reported. The project's inves...
Posted on 6 June 2026 | 2:49 am
Dawn
KARACHI: The Pakistan Stock Exchange (PSX) witnessed yet another extremely volatile session on Friday as jittery investors remained undecided about the market direction. An uncertain economic outlook ahead of the announcement of the federal budget for the next fiscal year and mounting tensions in th...
Posted on 6 June 2026 | 2:36 am
Dawn
KARACHI: Digital transactions during Eidul Azha jumped sevenfold compared to 2025, while their value increased about eightfold. Digital banking has been rapidly replacing conventional payment methods. According to the second quarterly report of the SBP for FY26, 34 billion retail transactions were p...
Posted on 6 June 2026 | 2:32 am
Dawn
ISLAMABAD: Pakistan on Friday invited Saudi investors to participate in the construction of the long-awaited Sukkur-Hyderabad Motorway (M6) and two other major highway projects, as Islamabad sought to attract foreign capital into its expanding transport infrastructure sector. Once completed, the mot...
Posted on 6 June 2026 | 2:24 am
Dawn
The government on Friday cut the petrol price by Rs4 per litre and kept the diesel rate unchanged with immediate effect for the week ending June 12, owing to changes in global prices over the past week. Accordingly, the ex-depot price of high-speed diesel (HSD) will remain fixed at Rs380.78 per litr...
Posted on 6 June 2026 | 2:20 am
Dawn
https://www.dawn.com/news/2005549/budget-2026-27-after-years-pti-proposes-tax-relief-rs500bn-savings-via-spending-cuts
Posted on 6 June 2026 | 2:16 am
Dawn
https://www.dawn.com/news/2005583
Posted on 6 June 2026 | 2:15 am
Dawn
Wall Street's nine-week winning streak ended with a thud on Friday, as red-hot technology stocks suffered their largest daily decline this year after a hot May jobs report fueled fears of a hawkish policy pivot from the US Federal Reserve. Selling was concentrated among chip stocks and other te...
Posted on 5 June 2026 | 8:48 pm
Dawn
ISLAMABAD: Following the apparent failure of the Tajir Dost Scheme announced a year ago to expand the tax net, the government on Friday unveiled another scheme, dubbed the 'Fixed Tax Asaan Scheme', for small traders and shopkeepers with an annual turnover of up to Rs200 million. The announcement...
Posted on 5 June 2026 | 2:01 pm
Dawn
• Field officers to lose powers to issue notices, conduct audits• Reforms aim to curb collusion, harassment• Phased rollout planned from October ISLAMABAD: The government has approved in principle a plan to introduce a centralised digital tax operating model, under which audits and assessments...
Posted on 5 June 2026 | 5:16 am
Dawn
ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the government is committed to encouraging private sector-led innovative financing solutions to address structural challenges in the agriculture sector. He was addressing the launch of the Agri-Storage Portfolio Financing Facility on Thurs...
Posted on 5 June 2026 | 2:30 am
Dawn
KARACHI: The foreign exchange reserves of the State Bank are inching close to the target of $18 billion for current fiscal year (FY26), but a widening trade deficit threatens to erase the growth in reserves and remittances. Data issued by the central bank on Thursday showed that the forex reserves i...
Posted on 5 June 2026 | 2:20 am
Dawn
• Regulator allows Rs1.19 per unit FCA collection in June bills• Grants Rs1.99 per unit reduction for three months, until August ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday notified about 80 paisa per unit net reduction in national power rates for June a...
Posted on 5 June 2026 | 2:16 am
Dawn
KARACHI: The Pakistan Stock Exchange (PSX) attracted renewed buying interest on Thursday as investors engaged in value-hunting across select sectors, helping the index recover overnight losses amid falling oil prices, following rekindled hopes for a potential peace deal between the US and Iran, desp...
Posted on 5 June 2026 | 2:05 am
Dawn
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has made it easier for established businesses to raise capital on the Pakistan Stock Exchange (PSX). Businesses operating as partnerships, Limited Liability Partnerships (LLPs), and carved-out business divisions can now use their ...
Posted on 5 June 2026 | 2:05 am
Dawn
ISLAMABAD: Pakistan and Tajikistan have called a meeting of the Joint Working Group in Istanbul later this month to finalise outstanding commercial and operational matters for the Central Asia-South Asia (CASA-1000) regional electricity supply project. It was agreed by the two sides at the 8th sess...
Posted on 5 June 2026 | 2:05 am
Dawn
Prime Minister Shehbaz Sharif on Thursday affirmed that achieving export-led growth targets was the government's top priority, directing the National Tariff Commission (NTC) to play an active role in facilitating investors, the Prime Minister's Office (PMO) said. According to the PMO, Prime Mini...
Posted on 4 June 2026 | 5:41 pm
Dawn
India and Venezuela sought to boost their ties in the energy sector on Thursday, with New Delhi saying that Caracas sees it as a preferred partner in the sector at a time when global oil supplies have been disrupted by the Middle East crisis. Venezuela's interim President Delcy Rodriguez is visiti...
Posted on 4 June 2026 | 11:28 am
Dawn
When Nvidia CEO Jensen Huang makes his second visit to South Korea in just seven months this week, it won't be only to meet top memory chip and robotics executives, but to throw the first pitch at a baseball game and appear on a TV talk show. While a celebrity in his own right, the charm push by t...
Posted on 4 June 2026 | 11:25 am
Dawn
https://www.dawn.com/news/2005045
Posted on 4 June 2026 | 3:08 am
Dawn
• Govt and mining company conducting formal review of procurement plans for project• Minister hints at gas tariff relief for domestic consumers from July 1 ISLAMABAD: Pakistan and Barrick Mining Corporation are working on upgrading the security requirements of the multi-billion dollar Reko Diq C...
Posted on 4 June 2026 | 2:38 am
Dawn
KARACHI: Representatives of exporters are confident that a proposal under consideration in Washington to impose 10 per cent additional duties on imports would not hurt Pakistan's exports. The US Trade Representative (USTR) has proposed to the Trump administration to slap 10pc additional duties o...
Posted on 4 June 2026 | 2:18 am
Dawn
ISLAMABAD: The government on Wednesday ordered immediate disciplinary proceedings against underperforming staff and officers in the power distribution companies (Discos) in relation to the resolution of consumer complaints. The Power Division said the directives were issued by Power Minister Awais ...
Posted on 4 June 2026 | 2:04 am