GLOBALLY, the benchmark speed for high-speed trains is between 200 and 250 kilometres per hour (kmph), while more advanced bullet trains can travel over 300kmph. The Punjab government, in its quest to run a high-speed train, is looking to redefine these standards. Last month, Punjab Chief Minister Maryam Nawaz Sharif held a meeting to discuss a plan to operate a high-speed rail link between Lah
The government reduced petrol and diesel prices on Wednesday by Rs2 per litre each for the current fortnight ending May 15. In a late-night announcement, the Ministry of Finance said Ogra had reviewed and adjusted prices for petroleum products in view of the fluctuations in the international market. The ex-depot price of high-speed diesel (HSD) was decreased by Rs2 per litre (2 per cent) to
Says commodity trade may offset tariff disparities • Opposes further increase in taxes on salaried, business classes • Efforts underway to simplify tax return forms KARACHI: Minister for Finance Muhammad Aurangzeb on Wednesday expressed confidence that the global situation following the imposition of US tariffs is manageable for Pakistan. The minister, speaking at the leadership of the busin
A Pakistani technology company has introduced AI Faceless Operations, a fully automated, round-the-clock system designed to digitalise and streamline cross-border trade processes. The solution aims to address major inefficiencies in the trade sector, which currently suffers an estimated annual loss of $36 billion due to outdated, paper-based systems that threaten up to 3 million jobs. The te
Goods transporters have urged the government to order shipping companies and port authorities to waive demurrage and late delivery charges incurred due to 12-day canal protests. Pakistan Goods Transporters Association (PGTA) Chairman Nisar Hussain Jafry said thousands of commercial vehicles were struck due to roadblocks by the protesters, including lawyers and the people of Sindh, against const