‘Legal trade with neighbours a must’

KARACHI: Industrialists and business leaders have called on the government to prioritise official trade and curb illegal trade with neighbouring countries, stressing the need to enhance trade relations with Iran, India, and Afghanistan. This, they argue, will generate more revenue and positively impact Pakistan’s economy. At a meeting hosted by the Karachi Chamber of Commerce […]

OGDC finds new gas reserves in Sanghar

ISLAMABAD: Oil and Gas Development Company (OGDC) on Friday announced a significant gas and condensate discovery at Baloch-2 well in the exploratory zone of Sembar Formation located in Sanghar district of Sindh. “This discovery marks the first milestone in Sinjhoro block of Sembar Formation in the Baloch development and production lease area,” the exploration firm […]

Govt misses IMF-dictated tax target

ISLAMABAD: In a significant setback, the government has missed its two-month tax collection target by a wide margin of Rs111 billion, despite imposing a record Rs1.8 trillion in new taxes in the budget—exacerbating economic hardship for citizens. This shortfall casts serious doubt on the credibility of the national budget and the feasibility of the $7 […]

Test axing leaves Shaheen dejected

KARACHI: Pakistan’s left-arm pacer Shaheen Afridi is heartbroken after being dropped from the recently announced 12-member squad for the second Test, expressing deep sadness over what he perceives as continuous unfair treatment. According to the details, the blame for the humiliating defeat against Bangladesh in the first Test match in Rawalpindi has been unfairly placed […]

Alcaraz, Osaka crash out of US Open

NEW YORK: Former champions Carlos Alcaraz and Naomi Osaka were knocked out of the US Open on Thursday as the final Grand Slam of the year lost two of its biggest crowd-pullers. Alcaraz, the world number three and 2022 champion in New York, was stunned by Dutch world number 74 Botic van de Zandschulp 6-1, […]

Bocciardo, Gilli save Italy’s blushes in Paralympics

PARIS: Francesco Bocciardo and Carlotta Gilli launched much-fancied Italy’s search for multiple swimming golds at the Paralympics as they both defended their titles on Thursday. Bocciardo, 30, who has a condition which impacts movement in his legs, powered to a Paralympic record in the men’s 200m freestyle S5 in the penultimate race of the opening […]

Death toll from heavy rains in Yemen’s Al-Hudaydah rises to 84

SANAA: The death toll from floods and heavy rains in western Yemen’s Al-Hudaydah province has risen to 84, with 25 others injured, the Houthi group said on Friday. “The number of victims of floods and heavy rains that Al-Hudaydah province has witnessed since the beginning of August has risen to 84 deaths and 25 injuries,” […]

Govt considers shift to Thar coal for Chinese power plants to cut costs

The Ministry of Energy has established a four-member committee to explore the feasibility of transitioning Chinese-operated power plants in the country from imported coal to locally sourced coal from the Thar region. An energy ministry’s notification earlier this week announced the formation of a committee led by the additional secretary of the power division.  The […]

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