Justice Jamal Khan Mandokhail, a member of the five-judge Supreme Court constitutional bench, on Tuesday questioned whether the National Assembly could be granted specific authority under the constitution to enact tax legislation that operates outside the financial year. Headed by Justice Aminuddin Khan, the CB was hearing multiple petitions filed by taxpayers challenging the constitutional vir
The Large-Scale Manufacturing (LSM) sector staged a recovery, posting a robust year-on-year growth of 8.99 per cent in the first month of FY26, according to figures released by the Pakistan Bureau of Statistics on Tuesday. On a month-on-month basis, the LSM posted a positive growth of 2.60pc in July 2025. This clearly indicates a revival in the industrial output at the start of new fiscal year.
The prime minister’s 22-member committee failed on Tuesday to reach consensus on recommendations for resolving grievances of Gilgit-Baltistan’s traders, with the matter deferred to another meeting scheduled for Wednesday. The committee, formed by Prime Minister Shehbaz Sharif to address concerns over taxes and clearance of consignments imported from China via the Khunjerab Pass, met in Islamab
Matters relating to outsourcing trains, servicing and adopting public-private partnerships by Pakistan Railways were raised during a meeting of the Senate Standing Committee on Railways, which met in Islamabad on Tuesday. Senator Rubina Khalid, who joined the committee as a member, questioned the procedure and rationale behind adopting models not widely practiced internationally. The
The Pakistan Stock Exchange (PSX) rebounded strongly on Monday, with the benchmark KSE-100 index gaining 945 points, or 0.61 per cent, to close at 155,384.51. The rally came after the State Bank of Pakistan (SBP) maintained the policy rate at 11 per cent, in line with market expectations. The Monetary Policy Committee’s decision to hold rates steady provided relief to investors concerned over t