The National Assembly’s Standing Committee on Finance expressed serious concern over high taxes on imported mobile phones, which, according to the panel, are forcing people to rely on grey-market channels to obtain these devices. The committee met here on Wednesday, and it witnessed strong criticism over the heavy taxes imposed on mobile phones brought into Pakistan, particularly those carried
Pakistan Petroleum Limited (PPL) has formalised a major step in strengthening Pakistan-Türkiye energy cooperation with the signing of an Assignment Agreement for the Eastern Offshore Indus Block C, paving the way for enhanced foreign investment and renewed momentum in offshore exploration. The agreement was signed in Islamabad in a ceremony witnessed by Prime Minister Shehbaz Sharif, Türkiye’s
Pakistan’s business sentiment has strengthened notably, with the OICCI Business Confidence Index (BCI) Wave-28 showing an 11 percentage-point rise, pushing the overall confidence level to +22 percent. Despite the upbeat indicators, OICCI Business Confidence Wave-28 Survey respondents identified persistent challenges including taxation, inflation, rupee devaluation, corruption, and inconsistent
In a move that many are calling the final blow to a once-iconic national institution, Prime Minister Shehbaz Sharif announced on Wednesday that Pakistan International Airlines (PIA), long plagued by corruption and mismanagement, will be put up for privatisation on December 23. The announcement marks the official end of an era for PIA, which, for decades, stood as a symbol of national pride, but
A choppy session marked trading at the Pakistan Stock Exchange (PSX) on Tuesday, where the benchmark KSE-100 index struggled to hold on to early momentum. The market opened on a positive note and managed to push the index towards the day's high of 169,289. However, the optimism faded steadily as the session progressed and a round of profit-taking in the final hours dragged the index into negati