The prime minister’s 22-member committee failed on Tuesday to reach consensus on recommendations for resolving grievances of Gilgit-Baltistan’s traders, with the matter deferred to another meeting scheduled for Wednesday. The committee, formed by Prime Minister Shehbaz Sharif to address concerns over taxes and clearance of consignments imported from China via the Khunjerab Pass, met in Islamab
Matters relating to outsourcing trains, servicing and adopting public-private partnerships by Pakistan Railways were raised during a meeting of the Senate Standing Committee on Railways, which met in Islamabad on Tuesday. Senator Rubina Khalid, who joined the committee as a member, questioned the procedure and rationale behind adopting models not widely practiced internationally. The
The Pakistan Stock Exchange (PSX) rebounded strongly on Monday, with the benchmark KSE-100 index gaining 945 points, or 0.61 per cent, to close at 155,384.51. The rally came after the State Bank of Pakistan (SBP) maintained the policy rate at 11 per cent, in line with market expectations. The Monetary Policy Committee’s decision to hold rates steady provided relief to investors concerned over t
A new auditor general will have to clean up the mess left by his predecessor, after the Auditor General of Pakistan’s (AGP) office backtracked on a controversial report, which gave an astronomical figure for irregularities unearthed in the federal government’s accounts. Maqbool Ahmed Gondal was sworn in as the country’s 22nd AGP on Monday, at a ceremony held in the Supreme Court. Appointed f
The country’s auto sector has raised strong objections to the draft Motor Vehicles Industry Development Act 2025, warning that instead of promoting growth, the proposed law risks stifling investment, inflating costs, and even criminalising legitimate business practices. Industry leaders argue the legislation was drafted without consulting stakeholders and hands sweeping powers to bureaucratic b