Torrential rains on Tuesday severely disrupted industrial operations across Karachi, with many factories unable to resume afternoon and night shifts due to urban flooding, road blockages, and transport shortages. The rains also delayed export shipments as goods carriers were unable to move due to flooded roads and overflowing nullahs. The industrial sector, which typically operates in three
Prime Minister Shehbaz Sharif has ordered an independent probe into the controversial Rs50 billion gas billing dispute involving influential consumer groups and the gas utility sector. The investigation will be led by former federal secretary Shahid Khan, following complaints from industrial and CNG consumers who received sudden bills for past gas dues, dating back to 2015. Sources confirmed
For more than 70 years LIPTON Yellow Label has been part of daily life in Pakistan. From breakfast tables to evening conversations it has been a trusted name. But LIPTON’s connection with Pakistan goes beyond tea. It is about shared roots, real impact and a lasting commitment to the people of this country. In Khanewal, LIPTON built one of the world’s largest tea factories, not just as a busines
The Federal Board of Revenue (FBR) has released a simplified electronic income tax return form for individual taxpayers for the tax year 2025. The final form was notified through SRO1561 of 2025 after a 40-day consultation period, following the draft version’s release for public feedback on July 7 this year. The new form is currently available only in English, while the Urdu version is still
Fitch Ratings on Monday projected improved prospects for Pakistan’s banking sector, citing stabilising macroeconomic indicators, falling inflation, and a return to economic growth. The global credit agency expects Pakistan’s GDP to grow by 3.5pc in FY27, with inflation averaging 5pc — a significant shift from the turmoil and high inflation of recent years. In a brief commentary, Fitch said bank