News

Sialkot Dry Port made TIR hub

National Logistics Corporation (NLC), in collaboration with the business community of Sialkot and other stakeholders, made Sambrial Dry Port as a TIR (International Road Transport) hub, empowering exporters to have direct access to the vast markets of Central Asia, Russia and beyond. With the activation of Sialkot Dry Port Trust, Sumbrial as a TIR hub, exporters and importers can now leverage h

187 mills shut down in Punjab

Economic nationalists have asked for the revitalisation of the struggling textile sector where the rapid closure of approximately 187 textile mills mainly in Punjab bristles with serious socio-economic repercussions for all stakeholders. Talking to The Express Tribune, they said first Faisalabad and secondly Karachi ooze huge potential in textile industries but they are being annihilated due to

Income tax surges Rs100b in 7 months

The salaried class's income tax payments have jumped to Rs285 billion in seven months—Rs100 billion more than the comparable period—as Minister of State for Finance Ali Pervaiz Malik hints at reducing the burden in the budget. Also, nearly Rs100 billion more in income tax that the salaried people were forced to pay from July through January was Rs25 billion more than the government's estimates

Global funds eye Pakistan as 84pc stock rally set to continue

Some of the world’s top money managers are once again warming up towards Pakistan’s $50 billion market after the returns last year were among the best globally, Bloomberg reported on Wednesday. According to the report, asset managers from companies such as BlackRock Inc. to Eaton Vance Corp, are “warming up” to the country’s stock exchange, which handed investors 84 per cent returns in 2024.

PTI’s losing gambit

WHEN a political party decides that actively causing damage to the economy will somehow advance its interests, it needs to be urged to undertake a rethink. Such a strategy is most perfectly described by the saying about burning a country down in order to ‘rule over the ashes’. The PTI has adopted this strategy. Back in August 2022, we saw them try to scuttle an IMF programme at a critical junct