KARACHI: Although foreign food giants operating in Pakistan maintained a cautious outlook for the current year in view of the ongoing US-Iran war since Feb 28, their sales during the first six months of 2026 remained relatively strong despite a decline in profit after tax (PAT). In their financial statements, the companies appeared concerned over […]
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LAHORE: Prime Minister Shehbaz Sharif on Saturday directed the greater activation of agricultural research institutions to promote the development of the country’s agriculture sector and bring research activities in line with international standards. The prime minister chaired a meeting to review agricultural sector reforms and progress on government policy measures aimed at increasing agricultural productivity […]
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• Higher edible oil purchases drive growth• Exports post modest increase after FY26 slump ISLAMABAD: The first month of the new fiscal year (FY27) saw an 8.12 per cent rise in food imports from a year earlier, driven mainly by higher purchases of edible oil. In contrast, exports of raw food items posted a modest […]
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KARACHI: The Pakistan Virtual Assets Regulatory Authority (PVARA) has set Sept 5 as the deadline for existing virtual asset service providers (VASPs) to submit applications for no-objection certificates (NOCs), warning that those failing to do so would have to cease operations. “Existing virtual asset service providers must submit their NOC applications by Sept 5, 2026 […]
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GILGIT: Pakistan Customs collected Rs15 billion in revenue on imports from China through the Khunjerab Pass during the fiscal year 2025-26, breaking the previous record, while goods worth Rs2.8bn were exported to China and Central Asian countries through the border crossing. Wajid Ali, Pakistan Customs Collector Gilgit-Baltistan, told Dawn that Rs14.93bn in revenue was collected […]
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KARACHI: The Sindh High Court has ruled that the liability to pay default surcharge under the Sindh sales tax on services law was a strict statutory obligation of a compensatory character. The SHC also noted that proof of wilfulness or mens rea was not a condition for its imposition, and neither officers of the Sindh […]
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The United States imposed 50 per cent tariffs on some Canadian goods on Saturday after the two longstanding allies failed to reach a trade deal, with each side accusing the other of derailing days of talks. The tariffs that came into effect just after midnight (0400 GMT) on some $20 billion of Canadian goods — […]
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• Bank of Punjab wins three awards; HBL wins ESG award• SBP chief calls for faster banking digitisation, higher private sector credit KARACHI: Meezan Bank Ltd was named Pakistan’s best bank for the sixth time at the 11th Pakistan Banking Awards held in Karachi on Friday, while Bank of Punjab secured honours in three categories. […]
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