Glass industry warns of collapse if import duties cut
Pakistan Glass Manufacturers Association warns that further reduction in import duties under NTP 2025-30 could shut down the entire glass industry, leading to massive job losses.
Category : Business
MCCI Acting President Urges Long-Term Business Measures in Budget 2026-27
Azhar Baloch of MCCI calls for sustainable policies, tax reforms, and export boost in federal budget 2026-27 to support industry and investment.
OGDCL's 11 New Wells Boost Oil and Gas Production
OGDCL commissioned 11 new wells across four provinces, adding 9,734 BPD oil and 74.25 MMSCFD gas, marking a record contribution in four years.
FIA Busts Forgery Network in Faisalabad, Arrests Suspects
The FIA has dismantled an organized forgery network in Faisalabad involved in fake route permits and fitness certificates, arresting multiple suspects and seizing digital evidence.
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PR Recommends Continued Pakistan Express Stop at Lodhran
Pakistan Railways Multan division recommends continuing the stoppage of 45-Up/46-Down Pakistan Express at Lodhran Railway Station, citing importance for business community and public.
Action Against PERA Officials for Corruption in Bahawalnagar
Assistant Commissioner Chishtian recommends departmental action against three PERA officials for corruption, including fining an oil agency Rs 20,000 but registering only Rs 5,000.
Elderly man killed by speeding truck on Jhang Road
A 65-year-old man was killed after being hit by a speeding truck on Jhang Road near Adda Qaim Bharwana. The driver fled the scene.
Civil Defence Seals Six Illegal Petrol Pumps in Sialkot
Civil Defence operations in Sialkot sealed six illegal mini petrol pumps, confiscating fuel dispensers and shutting down shops involved in illegal petrol sales.
Hungary Stops Worker Visas for Three Nations from Friday
Hungary's government will stop issuing worker visas to employees from the Philippines, Georgia, and Armenia from Friday as part of reforms to regulate guest worker inflow.
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Over 100,000 illegal exotic cockroaches seized in Australia
Australian authorities seized over 100,000 illegal exotic cockroaches, worth $200,000, from a breeder in New South Wales. The insects pose risks to native wildlife and agriculture.
Capacity Payments for IPPs: Unlawful Extensions and Debt
Analysis of the 1994 Power Policy reveals IPPs received unlawful contract extensions and continued capacity payments without transferring ownership, fueling circular debt.
Antibiotic Residues Detected in Punjab Fish Samples
A UVAS study reveals antibiotic residues in fish from Punjab farms and markets, highlighting links to antimicrobial resistance and the need for stricter regulations.
Pakistan revises petroleum prices: kerosene up, petrol levy hiked
Pakistan's government increased kerosene oil prices by Rs8.70 per litre and raised petroleum levy on petrol by Rs24.74 per litre, while reducing levy on HSD.
PIA Appoints New CFO Ahead of Consortium Takeover
Private consortium appoints Mushtaq Rana as PIA's new CFO, signaling major restructuring ahead of potential takeover. Rana brings international experience from Saudi airline.
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PM Shehbaz urges collective action for food safety
Prime Minister Shehbaz Sharif calls on all stakeholders to build a safe, resilient, and nutritious food system on World Food Safety Day.
Punjab Launches One-Stop Agriculture Malls for Farmers
Punjab CM Maryam Nawaz inaugurates four Model Agriculture Malls, with plans for 10 more districts, providing farmers with inputs, expert advice, and machinery rental.
Rawalpindi Sunday Market Closed Due to Massive Garbage Dump
RWMC has turned a section of Rawalpindi's Sunday Market into a temporary filth depot, with waste piles up to 50 feet high, forcing market closure and raising health concerns.
Grocery Merchants Reject Rs25,000 Tax, Threaten Protest
The Grocery Merchants Association has rejected the government's annual fixed tax of Rs25,000, calling it unacceptable alongside a 1% turnover tax, and threatens nationwide protests.
Saudi Arabia to Set Up Crypto and Blockchain Zone in Karachi
Saudi Arabia plans to create a crypto and blockchain zone in Karachi as part of a broader MoU with Pakistan, including a maritime business district and other mega projects.
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Accountability Gap in Pakistan Agriculture: Hybrid Seed Issues
Pakistan's maize farmers face yield shortfalls from hybrid seeds, sparking calls for accountability. Experts highlight farmers bear all risks while input failures are dismissed, urging impartial investigations.
Pakistan sugar export debate repeats as PSMA seeks permission
PSMA requests sugar export permission again, citing surplus. Past exports led to price hikes and imports, raising concerns about cartel influence and consumer impact.
Pakistan Creators Seek Tax Relief in Upcoming Budget
Digital content creators in Pakistan urge the government to avoid new taxes on their earnings, highlighting their $1B forex contribution and need for supportive policies.
PSX flat on US-Iran peace uncertainty, CPI at 11.7%
Pakistan Stock Exchange saw cautious trading as US-Iran peace talks stalled. KSE-100 fell 2% WoW. CPI inflation hit 11.7% in May, highest in 23 months.
Hisense Launches in Pakistan with Airlink Partnership
Global tech company Hisense has launched operations in Pakistan via Airlink Communication, aiming to boost local manufacturing, technology transfer, and job creation.
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Pakistan's flawed power tariff policy ignores root causes
Pakistan's proposed two-part industrial tariff policy penalizes solar adopters, risking higher costs and inflation. Structural reforms needed instead.
Gold Prices in Pakistan Drop Sharply by Rs12,489 Per Tola
Gold prices in Pakistan fell sharply on Saturday, with per tola rate dropping by Rs12,489 to Rs455,327, mirroring international losses. Silver also declined.
Gold Prices in Pakistan Drop Rs12,489 Per Tola
Gold prices in Pakistan fell sharply on Saturday, with per tola dropping Rs12,489 to Rs455,327, in line with international losses. Silver also declined.
Pakistan to Set Up Commercial Courts for Business Disputes
Pakistan's federal government plans to introduce legislation for commercial courts nationwide to expedite business dispute resolution, with a special committee formed to draft the legal framework.
Indus Water Crisis: Sindh Faces Severe Shortage as Reservoirs Fill
On 5 June 2026, Kotri Barrage recorded zero discharge downstream while upstream reservoirs filled, raising questions about water management priorities.
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Pakistan, Saudi Partners Sign MoU for Karachi Maritime District
Pakistan signed an MoU with Saudi and local partners to develop a maritime business district on Karachi Port Trust land, aiming to boost investment and employment.
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