NSCL raises double taxation concerns with commerce minister
A delegation of National Steel Complex Limited (NSCL) and Federal Minister for Commerce Jam Kamal Khan discussed on Monday issues relating to industrial competitiveness, tariff rationalisation, value-added manufacturing, and operational…
PMD issues Glof alert for KP, Gilgit-Baltistan as rainfall predicted in upper Pakistan
The Pakistan Meteorological Department (PMD) has issued an alert for glacial lake outburst floods (Glof) for Khyber Pakhtunkhwa and Gilgit-Baltistan, it emerged on Monday. According to the alert issued by…
China stocks hit 11-year high on AI optimism, exports rebound
HONG KONG: Chinese stocks hit a near 11-year high on Monday, supercharged by a strong tech rally driven by renewed AI optimism and export strength. At the midday break, the…
Trump rejects ‘unacceptable’ Iran response to peace plan, oil prices jump
DUBAI/WASHINGTON: President Donald Trump’s swift rejection of Iran’s response to a U.S. peace proposal sent oil prices surging on Monday amid concerns the 10-week-old conflict will drag on, keeping shipping…
Palm rises on stronger soyoil, crude oil prices
KUALA LUMPUR: Malaysian palm oil futures rose on Monday after falling for three consecutive sessions, buoyed by stronger soyoil and crude oil prices. The benchmark palm oil contract for July…
Ambani’s Jio Platforms IPO pivots to pure fundraising, no investor exits, sources say
MUMBAI: Mukesh Ambani’s Reliance Jio Platforms has pivoted to a pure fundraising for its planned Mumbai listing, selling a 2.5% stake in the offering and dropping earlier plans that would…
Australia include uncapped trio on white-ball tours of Pakistan, Bangladesh
Australia will use the upcoming white-ball tours of Pakistan and Bangladesh to test their depth after naming squads featuring three potential debutants, selectors said on Monday. All-rounder Liam Scott has…
Govt reduces tariffs at Gwadar Port in bid to boost global traffic
Federal Minister for Maritime Affairs Junaid Anwar Chaudhry on Monday announced a major reduction in tariffs at Gwadar Port aimed at boosting global transit traffic, according to an official statement.…
Oil rises $4 after Trump rejects Iran’s response to US peace proposal
SINGAPORE: Oil prices rallied on Monday, a day after President Donald Trump said Iran’s response to a U.S. proposal was “unacceptable,” raising supply fears as the Strait of Hormuz stayed…
Pakistan records $3.5bn in remittances for April 2026
The inflow of overseas workers’ remittances into Pakistan stood at $3.54 billion in April 2026, the State Bank of Pakistan (SBP) data showed on Monday. Remittances decreased by 7.6% on…