Future Hospitality Summit Opens in Riyadh with 150+ Speakers
The Future Hospitality Summit in Riyadh on June 22-24, 2026, brings 150+ speakers and investors managing $4.99 trillion to explore Saudi tourism opportunities under Vision 2030.
Category : Banking Sector
PIA Increases Baggage Allowance on China Routes
PIA increases free baggage allowance to 50kg for economy and 60kg for executive economy on Pakistan-China routes, resuming Islamabad-Beijing flights on July 3 after suspension due to jet fuel price surge.
Saudi Index Slips 0.40% to Close at 11,076.67
Saudi Arabia's Tadawul All Share Index fell 0.40% to close at 11,076.67 on Sunday, with turnover at SR2.79 billion. 95 stocks advanced, 164 declined.
Pakistan cuts taxes on imported smartphones for next fiscal year
Pakistan's National Assembly has approved amendments to reduce taxes on imported mobile phones, cutting Regulatory Duty by 20% and easing the tax burden on mid-tier devices, says lawmaker Kasim Gilani.
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Pakistan Motorway Police Enforce Fire Extinguisher Rule
Pakistan's NHMP will enforce fire extinguisher rules for commercial vehicles from June 24, with a 60-day awareness extension for private vehicles to enhance road safety.
Japan Ships in Gulf Drop to 37 Amid Iran War
The number of Japan-related vessels stranded in the Gulf has fallen to 37 from 45 since the Iran war began, with seven ships transiting the Strait of Hormuz and one transferred.
Middle East SWFs Set for Transformative Growth: Bain
Middle Eastern sovereign wealth funds are entering a pivotal period where strategy adaptation is key to sustaining growth, with Bain & Co. reporting the region holds 40% of top 10 SWF assets.
India UAE BrahMos Akashteer Defence Talks Progressing
India is in initial talks with the UAE to sell BrahMos cruise missiles and Akashteer air defence systems, as the Gulf nation diversifies arms suppliers post-Middle East conflict, sources say.
PSX Opens Week with Rally as KSE-100 Index Gains 464 Points
The PSX KSE-100 Index rose 464 points to 179,386.94 on Monday, mirroring Asian market rally amid improved geopolitics and softer oil prices.
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PPP Blocks IT, PTA, RWA Legislation in Senate Unless Scrutinized
PPP Senator Sherry Rehman stated the party will not pass any IT, PTA, or RWA legislation in the Senate without thorough standing committee scrutiny and amendments, citing draconian clauses like Section 27A.
Australia Inks Record $1.75B Radar Deal with Canada
Australia announced its largest defense export deal, a A$2.5 billion ($1.75 billion) agreement with Canada for Over-the-Horizon Radar technology, enhancing Arctic surveillance and defense cooperation.
Punjab Minister Mourns Cameraman Salman Alvi's Death
Punjab Information Minister Azma Bokhari expressed grief over the death of Public TV cameraman Salman Alvi, calling him a dedicated and respected professional whose contributions to journalism will be remembered.
PAA DG Directs Accelerated Work on Lahore Airport Expansion
Air Vice Marshal Zeeshan Saeed, DG PAA, visited Lahore Airport expansion project, reviewed progress, and directed NESPAK to accelerate work for timely completion.
Pak to Introduce Fixed Tax for Small Traders in 2026-27 Budget
Pakistan plans a simplified tax for small traders in the 2026-27 budget, targeting Rs50 billion revenue, but past schemes raise doubts.
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NADRA Issues Notices to 1,152 Suspected CNIC Holders
NADRA has issued notices to 1,152 suspected CNIC holders across Pakistan, including Khyber-Pakhtunkhwa, for identity verification within two weeks, targeting individuals with questionable citizenship or family records.
PIBF Welcomes Budget 2026-27, Urges Lower Policy Rate and Energy Costs
PIBF welcomes federal budget 2026-27 as positive for economic stabilization and export-led growth, but warns that achieving export targets requires urgent reduction in policy rate to single digits and lower energy prices for industries.
Pakistan-Italy Trade Surplus Up 18.41% in 10 Months
Pakistan's trade surplus with Italy rose 18.41% to $555.142 million in July-April 2025-26, driven by a 3.52% export increase and 11.40% import decline, according to SBP data.
Karachi Transport Strike 5th Day Commuters Disrupted
Karachi's public transport strike against e-challans enters 5th day, with all buses off roads. Commuters face high rickshaw fares. Talks failed, strike continues.
Masters of the Universe Hits $100M Despite Budget Woes
Masters of the Universe crossed $100 million worldwide but faces profitability challenges due to a production budget estimated between $170 million and $200 million.
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Punjab Finance Bill 2026: Major Tax Reforms and Penalties
The Punjab government has introduced extensive tax reforms through the proposed Finance Bill 2026, revising property, vehicle, and sales taxes, and enhancing penalties to boost revenue collection.
Pakistan External Account Strain Remittances Surge
Pakistan's current account surplus narrowed to $255M in July-May FY26 as trade deficit widened 17.5%. Remittances hit record $4.3B in May, while IT exports surged 20% to $4.2B, offsetting textile sector stagnation.
Liam Payne's Son Bear to Inherit £24 Million Estate
Liam Payne's son Bear is expected to inherit his £24 million estate after court documents confirmed the singer died without a valid will, with administrators appointed to manage the assets.
Pakistan Moves Closer to Financial Dispute Resolution Centre
Pakistan advances plans for its first Financial Services Dispute Resolution Centre (DRC), a not-for-profit body under SECP oversight, aiming to provide faster, affordable dispute resolution, with support from U.S. CLDP and Singapore's FIDReC.
ABHI Microfinance Bank, NADRA Technologies Partner for Digital Finance
ABHI Microfinance Bank and NADRA Technologies have signed a strategic partnership to advance digital financial services and enhance secure, tech-enabled solutions for individuals and businesses across Pakistan.
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Pakistani Freelancers Earn Over $1 Billion in 11 Months
Pakistani freelancers earned over $1 billion in foreign exchange in 11 months, a 49.7% increase year-on-year, driven by government support and skill development initiatives.
Pakistan, ADB Sign $700M Insurance Transformation Loan
Pakistan and ADB signed a $700 million Policy-Based Loan for the Insurance Transformation Programme, including $250 million on concessional terms, to strengthen financial resilience and expand insurance coverage.
Sindh Freedom Card: Elderly Need Services, Not Just Data
The Sindh Freedom Card for elderly citizens risks becoming a registration exercise without adequate funds, benefits, and implementation mechanisms, as data collection alone cannot replace tangible service delivery.
Original Speed Limits Restored on Motorways and Highways
The government has restored previous speed limits on motorways and national highways, with cars and LTVs now allowed 120 km/h and PSVs/HTVs 110 km/h.
CM Maryam Nawaz Sets June 30 Deadline for Drainage Projects
Punjab CM Maryam Nawaz Sharif has set June 30 as the deadline for completion of all sewerage and drainage projects and imposed a ban on leaving excavation work incomplete or roads open after digging.
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FM Rejects GDP Concerns, Defends Economic Data
Finance Minister Muhammad Aurangzeb rejected concerns over Pakistan's GDP calculations, asserting national accounts follow international standards. He highlighted economic improvements, including LSM growth of 6.5% and record remittances.
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