News

Transporters suffer as Torkham border remains closed

The continuous closure of the Torkham border since October 13 has multiplied the woes of hundreds of stranded transporters, with many running short of money while others suffering from physical and psychological issues, it has been learnt. Local and Afghan transporters stranded on the road leading to Torkham border said that roughly around 4,000 to 5,000 vehicles, loaded with multiple trade goo

Why does FBR extend tax filing deadlines?

The Federal Board of Revenue (FBR) has twice extended the deadline for filing income tax returns this year from the original Sep 30 to Oct 30, ostensibly to facilitate taxpayers and improve compliance. There is little surprise in this; it has become an annual ritual. In the past, the FBR has continued granting extensions month after month throughout the year. That the first extension came just

Stocks soar on trade deal optimism, dollar drifts ahead of Fed meeting

Asian stocks surged and the dollar meandered on Monday as signs of easing trade tensions between China and the U.S. buoyed risk appetite, in a strong start to a week that will be headlined by central bank meetings and megacap earnings. Top Chinese and U.S. economic officials hashed out on Sunday the framework of a trade deal for U.S. President Donald Trump and his Chinese counterpart Xi Jinpin

MCB Islamic Bank launches ‘SUBUK’

MCB Islamic Bank has officially launched its all-new mobile banking application, “SUBUK”, marking a major milestone in the Bank’s digital transformation journey. Designed to redefine how customers experience Islamic banking, SUBUK offers enhanced convenience, reliability, and security empowering users to manage their finances seamlessly anytime, anywhere. Developed with a customer-first appr

Pak-Iran border trade goals will stay symbolic without real reforms: BMG

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has cautioned that Pakistan and Iran’s latest commitment to enhance border infrastructure and expand bilateral trade will remain largely symbolic unless both governments act decisively to remove deep-rooted trade barriers, complete the long-delayed Iran–Pakistan gas pipeline, and introduce genuine s