Karachi: The oil industry in Pakistan is expected to bear financial losses of 35 billion rupees in the current fiscal year due to the exemption of sales tax on petroleum products that were provided in the Finance Law 2024. Industry estimates indicate that refineries will take losses of 18 billion rupees, while OMCS may face … Read more
IslamabadAfter a decade of the launch of the China -Pakistani economic corridor (CPEC) and the following 78 review meetings, it is still clear that Jawadar, the focus of this initiative, which is worth billions of dollars, is still struggling with the absence of the basic infrastructure, especially the reliable clean and electrical water. The last … Read more
The dollar struggled to recover against major currencies on Wednesday, remaining near two-week lows as markets awaited clarity on President Donald Trump’s tariff plans. Trump said on Tuesday that his administration is considering imposing a 10% tariff on goods imported from China starting February 1. He also mentioned that Mexico and Canada could face tariffs … Read more
People stroll through a park amid thick smog in Lahore, November 7, 2024. – AFP The air quality in Multan got worse this morning with 1635 Al Qaeda. Lahore’s air quality index dropped to 569 by 1pm but remained within the hazardous zone. Reduced visibility due to smog causes traffic disruptions and accidents. Punjab’s smog … Read more