The Supreme Court (SC) on Thursday restored the right of defence of former prime minister and PTI founder Imran Khan in the Rs10 billion defamation case filed by Prime Minister Shehbaz Sharif, overturning earlier judicial rulings that had barred him from contesting the claim. According to media reports, Justice Ayesha Malik announced the short order […]
Trump cancels scheduled strikes against Iran
US President Donald Trump said he has canceled planned strikes against Iran on Thursday, hours after threatening more bombings and a desire to “take” oil export hub Kharg Island. “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, […]
AJK reinstates 177 FIRs against JAAC members over breach of October 25 deal
The Azad Jammu and Kashmir (AJK) government on Thursday withdrew earlier concessions related to protest and agitation cases and reinstated 177 First Information Reports (FIRs) against members of the Joint Awami Action Committee (JAAC), citing violation of the October 4, 2025 agreement between the two sides. The move comes amid escalating tensions in AJK following […]
Fifa World Cup 2026 kicks off with dazzling opening ceremony
The Fifa World Cup 2026 kicks off Thursday with co-hosts Mexico taking on South Africa in the Estadio Azteca in Mexico City, launching a sprawling tournament of 48 teams that will last nearly six weeks. The extravaganza hosted by the United States, Mexico and Canada is the biggest World Cup in history, stretching until the […]
May sees highest-ever monthly remittances at $4.3 billion
Workers’ remittances were recorded at $4.3 billion in May, registering growth on both a monthly and annual basis, according to data released by the State Bank of Pakistan (SBP) on Wednesday. Adviser to the Finance Minister Khurram Schehzad also shared the data on X, stating that Pakistan had recorded its “highest-ever monthly remittance inflow in […]
Pakistan opens $25m annual export market for buffalo genetics in China
Federal Minister for National Food Security & Research, Rana Tanveer Hussain, has achieved a major breakthrough for Pakistan’s livestock sector by successfully finalizing a landmark Material Transfer Agreement (MTA) between the Ministry of National Food Security & Research and the Royal Group of the People’s Republic of China for the export of high-value buffalo genetic […]
Oil climbs as US-Iran tensions flare again
Oil prices climbed on Wednesday, moving away from a seven-week low touched in the previous session, after the US military launched new strikes against Iran and as market data showed another large draw in US crude stocks. Brent futures rose 66 cents, or 0.7%, to $92.11 a barrel at 0406 GMT, while US West Texas […]
PSX turns bearish, loses over 903 points
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Wednesday, losing 903.12 points, a negative change of 0.53 percent, closing at 169,427.44 points against 170,330.56 points on the last trading day. During the session, the ready market recorded a trading volume of 791.636 million shares with a traded […]
Gold prices drop by over Rs 12,000 per tola
Gold and silver prices witnessed a significant decline on Wednesday in both global and local markets after a one-day pause, as fresh fighting in the Middle East dimmed hopes of a resolution to the US-Israeli war with Iran, heightening concerns about inflation and potential interest rate hikes. In the international bullion market, spot gold was […]
FBR establishes PRAL’s front desk at LTO Karachi
In line with the directives of the Prime Minister of Pakistan and in response to the requests of the business community of Karachi, the Federal Board of Revenue (FBR) has established and operationalized a PRAL’s Front Desk at the Large Taxpayers Office (LTO), Karachi on 05th June, 2026 headed by the dedicated Chief (Inland Revenue […]