Prime Minister Muhammad Shehbaz Sharif on Tuesday said it was essential to establish Pakistan as a reliable and effective economic corridor for transit trade in the region to ensure development of the national economy. The prime minister, in a meeting with Robert Maersk, Chairman of the Board of Directors of the global shipping company A P Moller – Maersk, welcomed the global shipping company's
In a significant development, Pakistan and Turkiye have agreed on forging cooperation in oil and gas exploration, which came on the sidelines of Pakistan Minerals Investment Forum 2025. Pakistan and Turkiye signed a joint bidding agreement, according to which they would jointly participate in offshore bidding round to be conducted by Islamabad. In February 2025, the government of Pakistan anno
The Competition Commission of Pakistan (CCP) is expected to grant approval to the merger of Telenor Pakistan with Pakistan Telecommunication Company Limited (PTCL) if its settlement option is accepted, which comes following intervention from the Special Investment Facilitation Council (SIFC). PTCL's merger application has been pending for the past almost one year as its management has yet to pr
The government on Tuesday fixed a new minimum sugar price for collecting sales tax, which will increase the per kilogram price by Rs10 to Rs15 while generating an additional Rs90 billion annually in taxes for authorities facing a yawning revenue shortfall. The Federal Board of Revenue (FBR) has issued a new statutory regulatory order (SRO) to revise the per kilogram sugar price for the purpose
Additional US tariffs on Chinese imports are set to reach 104 per cent on Wednesday, the White House told AFP, as Washington doubles down on planned action after Beijing vowed a “fight to the end” on levies. US President Donald Trump had vowed a further 50pc tariff on goods from China if Beijing did not retract upcoming retaliation — and the White House confirmed that Trump will proceed with th