News

Salaried class pays over Rs266 billion in income taxes

Salaried individuals paid Rs266 billion in income tax during the first half of the current fiscal year, contributing nearly one rupee out of every Rs10 collected in income taxes across the country. Tax contributions by salaried persons, in both the public and private sectors, remained more than double the taxes paid by the real estate sector during the same period, according to provisional figu

Asian stocks extend record rally while oil, dollar drift

Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an all-time peak. US big oil got a boost from the country’s military raid at the weekend that captured Venezuelan President Nicolas Maduro. Crude oil eased back after rising $1 a barrel overnight as traders assessed th

Pakistan’s antimony draws interest from US miner Nova Minerals

Nova Minerals Limited, a US-based mining exploration and development company listed on the ASX and NASDAQ, has clarified that discussions related to the potential sourcing of antimony from Pakistan remain preliminary and exploratory. The clarification comes following media reports on the company’s arrangements to acquire Pakistani antimony, the ASX-listed miner said on Monday. “The company w

More than 145 countries agree on update to global minimum tax deal

More than 145 countries agreed on Monday to amend a 2021 global minimum corporate tax agreement, addressing Washington’s concerns the rules could penalise US multinational companies. The Organisation for Economic Cooperation and Development said the fresh package preserves the 15 percent global minimum tax framework designed to ensure large multinationals pay a baseline tax wherever they operat

Freelancing sector witnesses 91% growth in 2025

Pakistan’s freelancing sector has seen a remarkable 91 percent growth in 2025, reflecting the rising role of young professionals in strengthening the national economy and highlighting the government’s renewed focus on empowering youth through technology and skills development. The progress was highlighted by Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja