ISLAMABAD: The Judicial Commission of Pakistan (JCP) on Tuesday appointed new chief justices to four high courts, a move overshadowed by ongoing legal challenges over judicial transfers to the Islamabad High Court.
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Pakistan reverses tariff reforms, raising doubts over trade agenda
ISLAMABAD: The government has backtracked on its tariff reform agenda, retaining regulatory duties on more than 300 import items, a decision that undermines its five-year Tariff Policy Reform plan and casts doubt on its commitment to streamlining trade rules, Dawn newspaper reported on Tuesday.
Govt raises petrol by Rs8.36, diesel by Rs10.39 as oil markets volatile
KARACHI: Pakistan raised petrol and diesel prices for the second time in a month on Monday, driven by volatile global oil markets and Middle East tensions, even as international benchmarks softened.
Pakistan violence falls 32 percent, but new hotspots emerge
ISLAMABAD: Pakistan saw a notable 32 percent drop in violence during the second quarter of 2025, with 615 fatalities and 388 injuries recorded across 273 incidents of terror attacks and counter-terror operations, according to a report released Tuesday by the Centre for Research and Security Studies (CRSS).
FBR misses tax collection target, faces uphill battle for next year
ISLAMABAD: The Federal Board of Revenue (FBR) fell short of its fiscal year 2024-25 tax target, collecting Rs11.735 trillion against an original goal of Rs12.97 trillion, according to provisional figures.
Govt axes provincial electricity duty to cut bills, ease consumer burden
ISLAMABAD: Pakistan will eliminate a provincial tax on electricity bills starting July 1, 2025, aiming to simplify charges and lighten the load for consumers battered by soaring power costs.
KSE-100 Index gains 60pc in FY25, best two-year performer globally
KARACHI: Pakistan’s benchmark KSE-100 Index hit a record high of 125,627.31 on Monday, closing the fiscal year 2024-25 with a remarkable 60% gain in rupee terms and 57% in US dollar terms, cementing its place among the world’s top-performing markets. The index rose one percent on the final trading day, propelled by robust year-end flows and China’s rollover of $3.4 billion in commercial loans.
Pakistan expects June inflation to hold steady at 3-4 percent as economic recovery gains traction
ISLAMABAD: Pakistan’s finance ministry forecasts inflation will stay between 3% and 4% in June, signaling stability in prices as the economy shows tentative signs of recovery bolstered by manufacturing gains and a stronger external position.
Pakistan accuses India of ‘water terrorism’
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar accused India on Monday of waging ‘water terrorism’ against its neighbor, alleging that New Delhi is weaponizing the Indus River system in violation of a decades-old treaty.
World Bank appoints new country director for Pakistan
ISLAMABAD: The World Bank has appointed Bolormaa Amgaabazar as its new country director for Pakistan, effective Tuesday, succeeding Najy Benhassine, who has held the role since 2020.