July 28, 2026
The additional inspector general for Karachi has told industrialists that foreign-based gangsters are operating an extortion network in the city, with Interpol Red Notices issued against five men. The port city has seen a fresh wave of extortion over the past two weeks targeting builders and traders.
Pakistan did not suspend the Afghanistan Transit Trade Agreement but was not processing goods clearance due to border closures to avoid congestion at the Chaman and Torkham borders, senior Pakistan Customs officials said. Photo: Reuters Islamabad: Federal Commerce Minister Jam Kamal Khan on Friday held a high-level consultative meeting with leaders, traders and community representatives from the Chaman region, including members of the Chaman Chamber of Commerce and Industry, to discuss pressing issues affecting cross-border trade on the Pakistan-Afghanistan border. According to an official statement, the meeting mainly focused on the challenges arising from the frequent and prolonged closure of
Not only Bitcoin, the cryptocurrency ether has also been under pressure for months and has lost nearly 40% of its value since its August peak above $4,955. PHOTO: REUTERS Bitcoin fell below $90,000 for the first time in seven months on Tuesday, the latest sign that investors’ appetite for risk is drying up in financial markets. The risk-sensitive cryptocurrency has lost all of its gains this year and is now nearly 30% below its peak of over $126,000 in October. It was last down 1.1% at $92,891 after slipping as high as $89,286.75. About $1.2 trillion has been wiped from
A petrol pump in the federal capital is seen in this undated picture. — Online/Archive Traders say some companies are delivering small quantities of diesel. Fuel pumps run dry and cannot serve customers: dealers Traders also complain about orders being canceled after placement. Fuel marketers are warning that an industrial shortage of high-speed diesel is affecting petrol pumps across the country, calling on the government to act before conditions worsen, The News reported on Saturday. In a letter to the chairman of the Petroleum and Natural Gas Regulatory Authority (Ogra), the Petrol Pump Dealers Association said that oil marketing companies
WASHINGTON: The Chairman of the Federal Communications Committee (FCC) said Friday that large US retail websites have removed several millions of entries for banned Chinese electronics as part of the repression by the Agency. FCC President Brendan Carr said in an interview that the data that has been removed are either on a list of US equipment or not approved by the organization, including objects such as home security cameras and smart watches by companies such as Huawei, Hangzhou Hikvision, ZTE and Dahua Technology Company. Carr said companies are setting new procedures to prevent future banned items as a result
San Francisco: Nasdaq set a record high near Friday in a mixed transaction, raised by Microsoft as investors examined a Federal Reserve policy meeting next week, when it is widely expected to reduce interest rates to deal with the job market slowdown. Tesla’s supply and other technology -related reserves, Nasdaq added to a rally in the previous session that saw all three markers hit all the high levels. Investors focus on the Fed meeting on Tuesday and Wednesday. Traders expect the Central Bank to reduce interest rates by 25 basis points, as recent data have shown long -term inability to
Sargodha: The Regional Commissioner of the Federal Revenue Council (FBR) Sargodha, Azmat Mehmood Hayat Ranjha, stressed on Saturday that traders are the backbone of Pakistan’s economy and that no country can work effectively without a strong tax system. Facing a ceremony at the Sargodha Chamber of Commerce and Industry, Ranjha emphasized the importance of tax compliance, stating that all developed countries are maintained by taxpayers’ money. “Pakistan also motivates those who fulfill their tax liabilities,” he noted. “Civilized societies operate with laws and regulations and economic transparency is essential in every sector.” It was emphasized that sustainable economic growth is
Karachi: Gold prices in Pakistan fell on Tuesday, reflecting losses on the international market, where the yellow metal fell lower, as traders evaluated the pricing developments and expected basic financial data. An important US inflation report continued expectations for interest rate cuts intact, limiting the disadvantage. According to the Pakistan Association Sarafa Gems and Jewelers, the price of gold per Tola was installed on RS358,300 after a reduction in RS500. The rate for 10 grams was in Rs307,184, below Rs429. On Monday, gold had fallen abruptly by Rs3,600 per Tola, closing in RS358,800. Adnan agar’s interactive manager said the market
Karachi: The business community has postponed the strike across the country after successful talks with the government on some fiscal measures introduced through the 2025 funding law. One day earlier, the federal government invited representatives of all trading bodies for negotiations after the business community and Karachi’s carriers announced a wheel-jam strike scheduled for July 19th. The Karachi Chamber of Commerce and Industry (KCCI) called on the strike in protest against five key measures incorporated into the federal budget for current use, along with 32 anomalies in the funding law. KCCI opposes sections 37A and 37B of the funding law,
Listen to the article Prime Minister Shehbaz Sharif has taken into account a proposal to authorize the arrests of traders involved in tax fraud, following increasing concerns expressed by the country’s business community. The issue was discussed during a high -level meeting under the prime minister’s chairing Monday. Finance Minister Muhammad Aurangzeb, chairman of the Federal Revenue Council (FBR) and senior officials were present. According to officials familiar with discussions, the funding bill includes a provision that would allow FBR to arrest people involved in tax fraud, with sanctions extending up to 10 years in prison. The move has criticized
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October 26, 2026
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October 26, 2026
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