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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

APTMA urges Ogra to review RLNG actual sales price for 2015-22

APTMA has approached OGRA seeking rehearing for determination of RLNG actual sales price for the period 2015 to 2022 primarily on Grounds of UFG Misallocation and Non-Disclosure of the Computation Trail. APTMA has pointed out that over the 84-months actualization period; around 47 million tonnes of LNG was consumed. Using 1 tonne LNG = 52 MMBtu, even a conservative assumption that 10 million to

Intra-day update: rupee records gain against US dollar

The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening minutes of trading in the inter-bank market on Tuesday. At 10am, the local currency was hovering at 279.88, a gain of Re0.22 against the greenback. On Monday, the local unit closed at 280.10. Internationally, the US dollar retreated for a second day in Asian trading on Tuesday, as market jitters

Oil falls on prospect of higher Venezuelan output, ample supply outlook

Oil prices fell on Tuesday as traders weighed the prospect of higher Venezuelan crude output following the US capture of President Nicolas Maduro, adding to expectations of ample global supply this year amid weak demand. Brent crude futures fell 0.2% to $61.62 a barrel by 0103 GMT while US West Texas Intermediate crude was at $58.15 a barrel, down 0.3%. “I think if the Trump playbook even pa