Pakistan Customs has warned the management of Karachi International Container Terminal (KICT) of possible contempt of court proceedings and legal action over escalating operational disruptions that are delaying customs clearance, hampering trade activity, and affecting overall port performance. In a letter issued by the Customs Appraisement West Collectorate to the KICT CEO, officials said oper
Income tax contributions by Pakistan's cornered salaried class further jumped by 10% to Rs315 billion during the first seven months of this fiscal year, as one out of every three Pakistanis who left the country last year in search of jobs and better salaries were skilled to highly qualified people. According to provisional data compiled by the Federal Board of Revenue (FBR), salaried individual
Global equities extended losses into a third day on Friday as a selloff on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility. MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1% to mark a second day of losses, led by a 5% dive for South Korea’s Kospi which triggered a brief trading halt shortly after the open. S&P 500 e-mini fut
Pakistan assumed the presidency of Digital Corporation Organisation (DCO) on Thursday, succeeding Kuwait at the fifth General Assembly session of the DCO. “I would like to reaffirm Pakistan’s unwavering support for the DCO,” said Pakistan’s IT minister Shaza Fatima, while addressing at the fifth GA session. “Together through collaboration and shared purpose we can ensure that digital transfo
Barrick Mining’s board is reviewing all aspects of a gold and copper project in Balochistan region, including capital allocation, due to security concerns, CEO Mark Hill said during a post-earnings call. Barrick said the decision has been taken after the recent escalation of security risks and a rise in security incidents in the province. The miner added the review of the Reko Diq project’s