Blog

Opposition raises questions over legality of Punjab budget

https://www.dawn.com/news/2010099

Read More

Peshawar-Torkham motorway project may be revamped

• WB-funded scheme faces cost overruns• Southern Link Road dropped as cost surges to nearly Rs130bn ISLAMABAD: The government is considering to restructure the 47-kilometre Peshawar-Torkham Motorway project, funded through a $460 million (about Rs130 billion) World Bank loan, owing to multiple challenges that have led to massive delays and cost overruns. The loan agreement […]

Read More

NA panel proposes 30 changes to Finance Bill, including instalment-based tax on imported mobile phones

https://www.dawn.com/news/2010135

Read More

FY27 budget approval in final stages as grants finalised

https://www.dawn.com/news/2010148

Read More

Stocks extend losses on profit-taking

KARACHI: After a bullish start, the Pakistan Stock Exchange (PSX) on Monday came under renewed selling pressure amid looming uncertainty over the ongoing peace talks, which unsettled equity investors. They resorted to profit-taking, and as a result the benchmark KSE-100 index extended its losses for the second straight session. Topline Securities Ltd said the index […]

Read More

Govt borrows Rs4.9tr from banks

KARACHI: The government borrowed over Rs4.9 trillion from banks by June 12, compared with Rs3.7 trillion in the corresponding period last year, reflecting increased spending despite the massive growth in tax revenues over the past three years. The State Bank of Pakistan (SBP) reported on Monday that the government’s bank borrowings for the period from […]

Read More

Airline ticket prices may stay high as carriers bank fuel relief from Iran deal

Airlines stand to save billions of dollars on jet fuel after an interim US-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep fares well above pre-war levels. The United States market offers the clearest example. Fare increases still lag this year’s […]

Read More

Alan Greenspan, longtime US Federal Reserve chairman, dies aged 100

Alan Greenspan, hailed as the greatest Federal Reserve chairman when he retired in 2006 but derided for a severe financial crisis that followed barely two years later, died on Monday aged 100, NBC News reported. Greenspan, who exerted a powerful influence on the US economy during his tenure at the helm of the Fed from […]

Read More

Oil falls after US-Iran talks conclude in Switzerland

Oil prices declined on Monday after US-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports, easing worries about a supply shortage in global markets. Brent crude fell $1.68, or 2.09 per cent, to $78.89 a barrel by 0633 GMT (11:33am PKT). Prices had climbed to $82.30 at […]

Read More

Sherry says PPP will not support any PTA bill in Senate sans ‘thorough’ standing committee debate

Amid vocal criticism of a bill aimed at advancing fibreisation across the country, PPP Vice President Senator Sherry Rehman said on Monday that the party would not support any such legislation in the Senate unless it was “thoroughly discussed threadbare” in the relevant standing committee and the party’s proposed deletions were ensured in the final […]

Read More