ISLAMABAD: Pakistan informed the International Monetary Fund (IMF) on Friday that it will not be able to achieve this quarter’s Rs3.1 trillion tax target but hoped to recoup the shortfall through inflation, economic growth and higher imports of solar panels. In a briefing to the IMF delegation, tax authorities said the July-September target would be…
KARACHI: Inflationary pressures persisted in the country as the Sensitive Price Indicator (SPI) for the week ended September 25, 2025 recorded a year-on-year (YoY) increase of 3.95%, according to the Pakistan Bureau of Statistics (PBS). The weekly inflation gauge, which tracks movement in prices of 51 essential items across 17 urban centres, highlighted a mixed…
ISLAMABAD: The Cabinet Committee on Regulatory Reforms (CCoRR), chaired by Federal Minister for Investment Qaiser Ahmed Sheikh, on Friday reviewed and approved the third quarterly Regulatory Reform Package prepared by the Board of Investment (BOI). According to an official statement, the meeting marked another step in the government’s effort to modernise Pakistan’s regulatory framework under…
KARACHI: The Pakistan Stock Exchange (PSX) ended Friday’s session with a spectacular rally as the benchmark KSE-100 index surged nearly 3,000 points to a historic high. The index settled above 162,250 after touching the intra-day peak of 162,422, the highest level in history. Bulls dominated the session from the opening bell, fueled by aggressive buying…
ISLAMABAD: Pakistan announced on Friday that China will provide 85% financing for the realignment of the Karakoram Highway and has also supported Islamabad’s plan to seek financing from multilateral lenders for a strategically important rail link after Beijing declined to extend concessional loans. Beijing has long been recommending Pakistan to consider settlement of existing debt…
ISLAMABAD: The federal government has decided to close Afghan refugee camps that have been in operation for 40 years, ordering the shutdown of five such facilities in Khyber-Pakhtunkhwa (K-P), following the return of refugees to their home country. The Ministry of Kashmir Affairs and Gilgit-Baltistan has issued a notification, directing that the land of the…
MILAN: Italian luxury brand Fendi unveiled its Spring/Summer 2026 collection on Wednesday, featuring both floral designs and geometric patterns in a broad range of colours. Models walked through Fendi’s Milan headquarters, where the runway was set in a large space filled with multicoloured blocks, creating a pixel-like backdrop that echoed the collection’s mix of textures…
JOHANNESBURG: Argentina have retained Santiago Carreras at fly-half for a Rugby Championship penultimate round match against title-holders South Africa in Durban on Saturday. The 25-year-old Gloucester playmaker was the Pumas’ second choice for the key role behind Italy-based Tomas Albornoz when the southern hemisphere tournament kicked off in August. But Benetton fly-half Albornoz dislocated a…
OVIEDO: Headers from Robert Lewandowski and Ronald Araujo helped Barcelona make a 3-1 comeback victory at minnows Real Oviedo on Thursday in La Liga. The Catalans, who fell behind after a mistake from goalkeeper Joan Garcia allowed Alberto Reina to score the opener from 40 yards out, levelled through Eric Garcia early in the second…
MILAN: Emporio Armani unveiled on Thursday its first collection since the death of the fashion house’s founder and designer, with models paying tribute to the man known as King Giorgio with long applause during the final walk of the show. No one came out for the usual designer’s bow, not even Giorgio Armani’s niece Silvana,…
