Vehicles or means of transport used to move smuggled goods are now subject to immediate confiscation without the option of payment of a fine, under a recent amendment. The change, made to SRO 499 of 2009, empowers authorities to confiscate vehicles used for transporting smuggled goods as part of a decisive move to intensify the government’s anti-smuggling campaign. An official announcement b
The World Bank raised its growth forecast for South Asia to 6.4 per cent in 2024 from an earlier estimate of 6.0pc, citing quicker recoveries in crisis-hit countries such as Sri Lanka and Pakistan and the strength of domestic demand in India. “You have an emerging class of consumers in India that’s driving the economy forward, you have recoveries from crises in Sri Lanka and in Pakistan, you al
Saudi Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh on Thursday confirmed that the kingdom’s Manara Minerals was set to buy a stake in Barrick Gold’s Reko Diq gold and copper mine in the coming weeks. Barrick Gold owns a 50 per cent stake in Pakistan’s Reko Diq mine, with the remaining 50pc owned by the governments of Pakistan and the province of Balochistan. Barrick consider
Bulls retained their control at the Pakistan Stock Exchange (PSX) as shares surged more than 700 points on Tuesday. The benchmark KSE-100 index climbed 799.33, or 0.94 per cent, to stand at 85,709.62 points from the previous close of 84,910.29 points. Finally, the index closed at 85,663.97 points, up by 753.68 points or 0.89pc, from the previous close of 84,910.29. Mohammed Sohail, chief exe
There is a story about a fire and a sparrow. A fire had broken out, and a little sparrow wanted to help. She flew to a pond, filled her beak with a single drop of water, and returned. Flying as close as she dared, she released the drop onto the flames. Then she went back for another, repeating the process again and again. The fire was not affected. A crow, perched nearby, observing her efforts,