The GSM Association (GSMA), a body of mobile operators, has called for reducing taxes and fees in the telecom industry in the upcoming budget 2025-26. In a letter to Federal IT Minister Shaza Fatima Khawaja, GSMA's Head of Public Policy and External Affairs for Asia Pacific, Jeanette Whyte, argued that lowering sector-specific taxes would make mobile services more affordable, particularly for l
The federal government on Monday reviewed the possibility of adjusting provincial reconciled outstanding electricity bills' dues against their shares under the National Finance Commission award, after limiting power sector losses to Rs221 billion, down by 40%. The Power Division shared the performance of the power distribution companies with the Economic Coordination Committee (ECC) of the Cabi
The sentiment on the Pakistan Stock Exchange (PSX) remained bearish as panicky investors continued to reduce their holdings amid ongoing border tensions with India, causing the benchmark KSE index to lose over 1,000 points intraday ahead of the monetary policy announcement. Ahsan Mehanti of Arif Habib Corporation said the PSX turned flat after the government took tit-for-tat security measures t
Whether India will heed the counsel of global powers, including the United States, and how it will interpret Pakistan’s warning of a “swift, resolute and notch-up” response, as per the army chief, to any act of aggression remains unclear. Consequently, the risk of military escalation cannot be entirely ruled out despite intense diplomatic efforts aimed at averting a clash between the two nuclear-a
US President Donald Trump’s tariffs are increasingly clogging up the wheels of a world economy which for decades were greased by predictable and relatively free trade. Big-name multinationals, right down to niche e-commerce players last week cut sales targets, warned of job cuts and reviewed their business plans, while major economies revised down growth prospects amid bleak data read-outs.
