Pakistan and China have launched the China-Pakistan Information Corridor (CPIC), a four-pillar initiative aimed at strengthening media cooperation, countering misinformation, promoting bilateral trade and investment, and expanding digital connectivity and people-to-people exchanges between the two countries. Addressing the inaugural ceremony of the China-Pakistan Information Corridor, Federal M
The Oil and Gas Regulatory Authority (OGRA) has announced updated fuel prices effective for October 28, driven by international market trends and rising import costs. To cushion consumers against surging global oil prices, the regulatory body partially mitigated the impact by reducing the custom duty on petrol by Rs5.71 per litre, lowering it from Rs26.27 to Rs20.56. As a result, the retail
Oil prices rose on Wednesday after an attack on a refinery in Saudi Arabia, the world’s biggest crude exporter, renewed concerns around the risks to supply in the Middle East stemming from the conflict with Iran and its proxies. Brent crude futures rose $1.48, or 1.3%, to $115.36 a barrel as of 0140 GMT. US West Texas Intermediate crude rose $1.22 or 1.22% to $101.12. Yemen’s Houthis
Buying was observed at the Pakistan Stock Exchange (PSX) following the State Bank of Pakistan (SBP) decision to raise the policy rate by 50bps, with the benchmark KSE-100 Index gaining over 950 points during the opening minutes of trading on Tuesday. At 10:05am, the benchmark index was hovering at 163,997.54, up 959.08 points or 0.59%. Buying was observed in key sectors, including cement, comme
The National Assembly was informed on Monday that the government granted tax exemptions, concessions, reduced rates and special treatments worth Rs2.35 trillion in 2024-25, while a comprehensive assessment of the costs and benefits of major tax incentives is targeted for completion by June 2027. In a written reply to a question by Shaista Pervaiz, Minister for Finance and Revenue Muhammad Auran