Oil rises $4 after Trump rejects Iran’s response to US peace proposal
Oil prices rallied on Monday, after US President Donald Trump said Iran’s response to a US proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed largely closed,…
Foreign economic assistance inflows rise nearly 20pc
ISLAMABAD: Foreign economic assistance (FEA) inflows to Pakistan surged by almost 20 per cent to $6.594bn in the first three quarters (July-March) of the current fiscal year, mainly on the…
US widens drive to revoke citizenship of foreign-born Americans
• Indian businessman among a dozen facing denaturalisation • Justice Dept targets naturalised citizens over fraud, terror links • Civil liberties groups warn of uncertainty, fear in immigrant communities WASHINGTON:…
Cotton stocks at ‘lowest ebb’ ahead of ginning season
LAHORE: The cotton sector is facing an unprecedented supply crisis as stocks in the country have reportedly fallen below 10,000 bales before the start of the new ginning season, raising…
Trump rejects ‘unacceptable’ Iranian terms for ending war
• Iran conveyed response via Pakistani mediators• Officials say Tehran wants to focus on ending hostilities, leaving ‘contentious’ matters like sanctions relief, N-issues for later• Pezeshkian says dialogue ‘does not…
Budget may include income tax relief amid salary, pension freeze
ISLAMABAD: The government is considering reducing the income tax burden on salaried individuals while refraining from increasing salaries and pensions in the upcoming budget, aiming to provide equitable fiscal relief…
China, US to hold trade talks in South Korea next week
BEIJING: Senior Chinese and US officials will hold talks in South Korea next week, Beijing’s commerce ministry and Washington’s Treasury secretary said Sunday, ahead of an expected summit between leaders…
Modi urges reduced fuel use amid Middle East war disruption
BENGALURU, (India): Prime Minister Narendra Modi on Sunday urged the people of India to cut down on petrol and diesel consumption amid supply disruptions due to the Middle East war.…
BMP slams govt’s move for Rs230bn new taxes in budget
LAHORE: Pakistan’s leading business federation has pushed back sharply against the government’s reported plan to introduce Rs 230 billion in new taxes under the upcoming IMF-linked federal budget, warning the…
Interview with Muhammad Aftab Alam, Chief Business Officer — Khushhali Microfinance Bank Limited (KMBL)
‘Growth must empower the borrower’ Muhammad Aftab Alam is Chief Business Officer at Khushhali Microfinance Bank Limited. He is a seasoned retail banking and microfinance professional with over 20 years…