India, US near first-phase trade deal as talks enter final stretch
NEW DELHI: India and the United States are close to signing the first phase of a long-discussed bilateral…
European luxury brands turn to America’s AI-rich shoppers as global demand cools
MILAN/LONDON: European luxury houses are sharpening their focus on the United States, betting that America’s newest generation of…
Beverage industry seeks tax cut ahead of FY2026-27 budget
ISLAMABAD: Pakistan’s beverage industry has urged the federal government to reduce the Federal Excise Duty on aerated drinks…
Meta Plans AI Pendant as It Bets Bigger on Wearables for Work
Meta Platforms is preparing a fresh push into AI hardware, with plans to test an AI-powered pendant within…
Iranian rial stays weak against Pakistani rupee from May 19 to May 30
KARACHI: The Iranian rial remained under pressure against the Pakistani rupee during the second half of May, with…
Gadoon industrial estate faces deepening crisis
Swabi: Gadoon Amazai Industrial Estate, once seen as a major industrial hub for Khyber Pakhtunkhwa, is slipping deeper…
High interest rates stifling growth, warn industry leaders
Karachi: Pakistan’s industry leaders have warned that high interest rates are squeezing businesses, slowing investment and making it…
Govt weighs scrapping export tax in FY27 budget
Islamabad: The federal government is considering abolishing the 1% advance tax on export proceeds in the upcoming FY2026-27…
UK Pound to Pakistani Rupee rate today — May 26, 2026
KARACHI: The British pound was trading at around Rs375.86 against the Pakistani rupee in the interbank market on…
Saudi Royal Court announces death of Prince Mohammed bin Bandar
JEDDAH: Saudi Arabia’s Royal Court has announced the death of Prince Mohammed bin Bandar bin Mohammed bin Saud…
Textile sector warns 113% tax burden is choking exports ahead of FY27 budget
ISLAMABAD: Pakistan’s textile industry has warned the federal government that exporters are being squeezed by an effective tax…
US, Iran Discuss Plan to Reopen Strait of Hormuz After Potential Deal: Report
Washington/Tehran, May 25, 2026 — The United States and Iran are discussing a plan that could reopen the…
Pakistan, seven other nations condemn Ben-Gvir’s treatment of Gaza flotilla activists
Islamabad, May 24: Pakistan and seven other Arab and Muslim countries have strongly condemned Israeli National Security Minister…
Pakistan signs MoU with Alibaba to boost digital economy, SME exports
Hangzhou, May 24: Pakistan’s Small and Medium Enterprises Development Authority has signed a memorandum of understanding with Alibaba…
PM Shehbaz lands in Beijing for high-level talks with Chinese leadership
Beijing, May 24: Prime Minister Shehbaz Sharif reached Beijing on Sunday for high-level meetings with China’s top leadership,…