Business
Latest stories in this section, ordered by the original publication time from each source.
Federal Board of Revenue eyes new performance metrics
ISLAMABAD: In a major shift from past practice, the Federal Board of Revenue (FBR) is considering replacing monthly tax collection targets with a fiscal-year-based performance evaluation system for its field formations, aiming to reduce pressure to chase short-term revenue targets and to focus on an...
Railways losses swell to Rs61bn
ISLAMABAD: The Auditor General of Pakistan has identified financial irregularities amounting to Rs11.25 billion in Pakistan Railways (PR) for 2024-25, highlighting persistent weaknesses in financial management, procurement and internal controls that continue to weigh on the performance of the state-...
Smuggled diesel hurting local refineries
KARACHI: Amid easing prices from unprecedented levels, industry stakeholders still complain that diesel smuggling from Iran continues unabated, while the government has yet to take serious action to curb the influx of smuggled products despite repeated reminders. Local diesel sales in May plunged to...
Interior ministry tops AGP audit irregularities
• Rs56m arms licence receipts ‘not deposited’ in treasury • 399-page report exposes procedural violations across several ministries ISLAMABAD: A 399-page Auditor General of Pakistan report has identified serious financial irregularities, non-recoveries and procedural violations across several fede...
Leaks, lawyers and a whistleblower: how did KPMG’s failings emerge – and could more have been done?
A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastKPMG partners leaked client information and mishandled the whistleblower w...
UK minister working up plans for state-owned housing developer
Exclusive: Steve Reed is looking at government run scheme that could borrow at lower rates than private developersThe housing secretary has been working up plans for a state-owned housing developer, according to details leaked to the Guardian, as the government looks for ways to stimulate stubbornly...
Nobel economist warns AI doomsday job fears could become self-fulfilling prophecy
Robert Shiller, a Nobel laureate in economics, says fears about AI severely impacting the job market are warranted but that they should be tempered.
Traders to resume business activities in Muzaffarabad from Sunday, distance themselves from JAAC
MUZAFFARABAD: Traders and transporters in Muzaffarabad division announced on Saturday that markets and public transport would resume normal operations from Sunday after the administration assured them of security and uninterrupted fuel supplies, signalling the first major break in the shutdown obser...
Traders, transporters to resume business in Muzaffarabad, distance themselves from JAAC
MUZAFFARABAD: Traders and transporters in Muzaffarabad division announced on Saturday that markets and public transport would resume normal operations from Sunday after the administration assured them of security and uninterrupted fuel supplies, signalling the first major break in the shutdown obser...
In Strait of Hormuz, Renewed Strikes Threaten to Set Back Shipping Recovery
The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
Foodie in Fairbanks: the unexpected culinary scene in the middle of Alaska
Locals and visitors of the Golden Heart City have a plethora of food choices to choose from – Thai, Chinese, Korean and even Moldovan cuisineCharlie Boonprasert and Tutu Navachai arrived in Fairbanks in the 1980s, when their friend offered them jobs mining and cooking at a gold lease. The pair, orig...
Govt vows to empower small businesses, accelerate growth
PM aide says reforms will help build innovation-driven, globally competitive economy
PSX climbs 0.36% amid easing oil prices
US-Iran peace roadmap lifts sentiment, pushing KSE-100 up by 649 points
Bolivia ends 15-year dollar peg
Move aims to stabilise currency markets ahead of IMF funding talks
PVARA chief demands global role
In Zurich, Saqib demands developing nations shape tokenised money framework
Traders demand immediate reopening of cotton market
One year on, exchange sealing paralyses trade, sends negative signals to foreign investors
Institutional backing urged for MSMEs
LCCI calls for easier finance, policy consistency as number of SME borrowers grows
VW overhaul could be 'biggest in history'
Weighs up to 100,000 job cuts in sweeping restructuring, four plant closures
Glass industry pushes for 5% profit benchmark
Association opposes higher 10% margin in soda ash anti-dumping case
Govt rehires bureaucrats at PARCO
UAE holds 40% stake; board members entitled to $3,500 per meeting
Electronic payments reach 3.7b transactions
Digital channels drive 92% of retail volume as Raast, mobile banking surge in Q3 FY26
Renewed Strikes Threaten to Set Back Shipping Recovery in Persian Gulf
The attacks came after traffic through the Strait of Hormuz had reached the highest levels since the start of the U.S. war in Iran.
The AI bubble has further to run despite the looming crash
As tech firms make huge profits and investors fear losing out, both are doing their best to hold off the day of reckoningOpenAI staggers AI model release after White House requestEvery couple of decades, investors will ask themselves how long can the stock market keep climbing. Is it safe to buy mor...
Warriors, AI Cloud provider Iren reach sponsorship deal that reportedly is largest in North American sports
The Golden State Warriors are making history with a reported record-setting jersey sponsorship from Iren worth more than $50 million per year, the largest deal of its kind in North America.