At least three Liquefied Natural Gas (LNG) cargoes destined for Pakistan are currently stranded in the Persian Gulf, according to Bloomberg’s vessel-tracking data. The South Asian country has gone more than a month without receiving any LNG shipments due to the closure of the Strait of Hormuz, raising the risk of increased power outages as temperatures begin to rise, said the report. Last we
Buying rally continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE 100 index gaining over nearly 1,000 points during the opening hour of trading on Friday. At 9:50am, the benchmark index was hovering at 170,880.78 points, up by 968.83 points or 0.57%. On the index front, oil and gas exploration, automobile, cement, and chemical sectors emerged as key gainers. On Thursday, th
The National Assembly Standing Committee on Finance on Thursday directed the Tax Policy Unit of the Ministry of Finance and the Federal Board of Revenue (FBR) to urgently rationalise duties and taxes on imported mobile phones for announcement in the coming budget (2026-27). Primarily, the proposal was to reduce sales tax from 25 percent to 18 percent on high-end mobile phones in CBU condition e
Chairman of the Pasban Democratic Party (PDP), has called on the government to shift its focus towards economic recovery following Pakistan’s widely acknowledged role in brokering the Iran–US ceasefire. He said the diplomatic success achieved under Prime Minister Shehbaz Sharif and Field Marshal Asim Munir has elevated Pakistan’s stature as a global peacemaker. He termed the development a “r
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a modern small industrial estate at Port Qasim, spanning approximately 400 acres, aimed at promoting industrialization and enhancing investor confidence. Speaking during his visit to the Karachi Chamber of Commerce & Industry on Thursday, the Minister stated that the development strategy woul