KARACHI: Federal Minister for Maritime Affairs, Muhammad Junaid Anwar Chaudhry announced the launch of standardized bunkering operations at Karachi Port for the first time in Pakistan’s history. “The move brings the Pakistan’s largest port in line with global maritime safety and operational standards, a step long viewed as essential for improving country’s standing in the regional shipping mark
Donald Trump defended Saudi Arabia’s Crown Prince Mohammed bin Salman over the murder of a journalist and hailed a $1 trillion investment pledge Tuesday as the US president laid on a lavish welcome at the White House. Trump moved to consolidate his growing bromance with the de facto Saudi leader, giving him a parade of soldiers on horseback and a military flypast featuring F-35 jets that he sai
BEIJING: Oil prices fell on Wednesday as an industry report showing crude and fuel inventories rose last week in the U.S., the world’s biggest crude consumer, reinforced mounting concerns that supply is exceeding demand in the market. Brent crude futures dropped 28 cents, or 0.43%, at $64.61 a barrel as of 0200 GMT, after gaining 1.1% in the previous session. U.S. West Texas Intermediate crude
A muted trading session was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 trading on a flattish note during the opening minutes of trading on Tuesday. At 10am, the benchmark index was hovering at 161,689.83, a gain of only 2.65 points. Buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies and OMCs. Ind
LAHORE: “As much as 60 percent of Pakistan’s total tax revenue comes from a single sector, the large-scale manufacturing sector. This highlighted the imbalance in the country’s tax system. The burden on this single sector is four times higher than on the rest of the economy, leaving it struggling to breathe. As a result, the manufacturing sector is moving in the negative rather than showing growth