Pakistan's Ambassador to the Republic of Djibouti, Aqsa Nawaz, visited the Lahore Chamber of Commerce and Industry (LCCI) and met with LCCI President Faheemur Rehman Saigol. According to a statement issued on Tuesday, the discussion focused on tapping new export markets in Africa through Djibouti and assessing trade potential for Pakistani products. Speaking on the occasion, the LCCI president
Morgan Stanley has projected that gold prices will post relatively smaller gains in 2026 as purchases by central banks and exchange-traded funds moderate, although anticipated interest rate cuts and a weaker US dollar are expected to keep the broader uptrend intact. In its latest outlook, the investment bank forecast gold prices at around $4,800 per ounce by the fourth quarter, citing strong Ch
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday said Pakistan and Azerbaijan were working to translate their strong relations into tangible trade and investment outcomes, with Azerbaijan expressing an appetite to invest close to $2 billion in Pakistan. In an interview with Report, the minister said bilateral relations, particularly with Azerbaijan, had grown stron
The Federal Board of Revenue (FBR) on Tuesday suspended the fresh property valuations for the collection of withholding taxes in the Islamabad Capital Territory (ICT) after taxpayers raised a hue and cry over increases of up to 1,250% in valuations, which they said lacked any rational basis. The development comes on the heels of Rs103 billion in income tax collection from the real estate sector
The government has decided to sell its 100% stake in Pakistan International Airlines (PIA), but one-fourth of the shares will only be offered to the winning bidder at a 12% premium on the bid price, with an option to make the payment one year later. The government has also decided to take only 7.5% of the bid money in cash, while the bidder will invest the remaining 92.5% amount in the PIA comp