ISLAMABAD: The government on Thursday rolled out its Electric Vehicle (EV) Policy 2025-30, pledging more than Rs100 billion in subsidies over the next five years to push electric bikes and rickshaws into the mainstream.
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Senate committee rejects carbon levy on petroleum products
ISLAMABAD: The Senate finance committee on Thursday axed a proposed Rs2.5-per-litre carbon levy on petroleum products, a measure embedded in the Finance Bill 2025-26, putting at risk the revenue goal of Rs45 billion tied to a $1.4 billion International Monetary Fund (IMF) program.
Pakistan condemns Israel’s unjustified attack on Iran, calls for global action
ISLAMABAD: Pakistan on Thursday condemned Israel’s ongoing war against Iran, denouncing Tel Aviv’s recent attack as “unjustified and illegitimate” and pressing the international community to step in and hold Israel accountable.
Pakistan draws interest from five bidders for struggling PIA
ISLAMABAD: Five bidders, including prominent business groups and a military-backed firm, have emerged as contenders to buy ailing Pakistan International Airlines, the Privatization Ministry said on Thursday, signaling momentum in Pakistan’s latest push to offload the loss-making state-owned enterprises and comply with the terms of a $7 billion International Monetary Fund bailout.
Army chief Munir meets Trump amid India tensions, Iran-Israel conflict
ISLAMABAD: President Donald Trump welcomed Pakistan’s Chief of Army Staff, Field Marshal Syed Asim Munir, to the White House on Wednesday for a landmark meeting focused on joint counterterrorism efforts and expanding bilateral trade, a high-level engagement that stretched beyond its scheduled hour to over two.
SCP upholds transfer of judges to Islamabad High Court
ISLAMABAD: The Supreme Court on Pakistan (SCP) on Thursday upheld the transfer of three judges to the Islamabad High Court, dismissing challenges to the moves in a 3-2 ruling that affirmed their constitutionality.
Solar GST slashed to 10pc, provinces keep digital tax in budget shift
ISLAMABAD: The government has revised its budget proposals following concerns from coalition partners and stakeholders, retaining the digital sales tax under provincial jurisdiction and lowering the proposed general sales tax (GST) on solar panels from 18% to 10%.
Careem retreats from Pakistan ride-hailing after near-decade, joins Uber exit
KARACHI: Careem, the Dubai-based ride-hailing company, will suspend its operations in Pakistan starting July 18, ending nearly a decade of service in the country, its chief executive said on Wednesday.
Pakistan seals $1bn ADB-backed loan with Gulf banks in market return
By Staff Reporter
KARACHI: Pakistan on Wednesday signed a $1 billion financing deal with the Asian Development Bank (ADB), marking a pivotal step in its fiscal overhaul and heralding its return to international commercial markets after a nearly two-and-a-half-year absence.
May trade deficit narrows m/m but widens y/y
ISLAMABAD: The trade deficit shrank in May from the previous month as exports surged, though it widened compared to the same month a year earlier, data from the Pakistan Bureau of Statistics showed on Wednesday.