Business
The technocratic illusion of why poverty exists
<p><a href="https://www.dawn.com/news/1970570">https://www.dawn.com/news/1970570</a></p>
Business
Business
NFC hits pause as working groups fail to meet
<p>ISLAMABAD: After its <a href="https://www.dawn.com/news/1959232">inaugural meeting</a> almost two months ago amid much fanfare, the National Finance Commission (NFC) has seemingly gone into hibernation as its second session, originally scheduled
Business
The technocratic illusion
<p>While the old global order will take time to remould, echoes of fresh ideas grounded in the latest research by academic social scientists are reverberating across the international political, economic and social landscape, with the potential to sh
Business
Equities end January on cautious note amid economic worries
<p>KARACHI: The Pakistan Stock Exchange (PSX) wrapped up the first month of calendar year 2026 on a firm footing, scaling fresh all-time highs. However, a sharp sell-off in the final week dragged the benchmark lower as investors booked profits amid m
Business
Trump says India will buy oil from Venezuela, not Iran
<p>United States President Donald Trump on Saturday said India will buy Venezuelan oil, as opposed to purchasing oil from Iran.</p> <p>“We’ve already made that deal, the concept of the deal,” Trump told reporters while on Air Force One, en route to F
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World Bank to lend $379m for power transmission overhaul
<p>ISLAMABAD: The International Bank for Reconstruction and Development (IBRD) has approved a $378.9 million loan for a major power transmission project in Pakistan.</p> <p>The initiative, aimed at improving the country’s transmission infrastructure
Business
Diesel hiked by Rs11.30, petrol stays unchanged
<p>ISLAMABAD: While maintaining the price of petrol for the next fortnight, the government has increased the price of high-speed diesel (HSD) by Rs11.30 per litre.</p> <p>The announcement by the Petroleum Division said the new prices had been set on
Business
FBR’s tax collection rises 16pc in January
<p>ISLAMABAD: The Federal Board of Revenue (FBR) recorded a significant 16 per cent increase in tax collection for January, amounting to Rs1.031 trillion, compared to Rs873 billion in the same month last year.</p> <p>This growth has revived expectat
Business
Govt committed to reviving industry, says Haroon Akhtar
<p>ISLAMABAD: Special Assistant to the Prime Minister on Industry and Production Haroon Akhtar Khan said on Saturday that the government remained committed to improving the industrial landscape to boost employment opportunities and bolster economic r
Business
China factory activity loses steam
<p>BEIJING: China’s factory activity slowed in January, official data showed on Saturday, missing forecasts after a brief rise into positive territory at the end of last year.</p> <p>A key measure of industrial health, the manufacturing purchasing m
Business
FPCCI chief raises alarm over abrupt super tax recovery
<p>ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry on Saturday expressed concern over the abrupt <a href="https://www.dawn.com/news/1969668">recovery </a>of super tax by the Federal Board of Revenue (FBR), warning that collect
Business
Gold sheds Rs61,050 per tola in two days
<p>KARACHI: Uncertainty gripped investors on Saturday as gold prices fell sharply for a second straight day, with 10-gram and one-tola rates dropping by Rs21,862 and Rs25,500 to Rs438,839 and Rs511,862, respectively.</p> <p>International gold prices
Business
Govt hikes diesel price by Rs11.30 as petrol remains unchanged
<p>The government on Saturday hiked the rate for high-speed diesel (HSD) by Rs11.30, while leaving the price of petrol unchanged for the coming fortnight.</p> <p>In a late-night notification, the Petroleum Division said the revision followed movement
Business
Karachi Mayor Wahab orders KMC affairs probe after graft allegations surface
<p>KARACHI: The Karachi Metropolitan Corporation (KMC) has ordered an inquiry after the Karachi Constructors Association (KCA) levelled <a href="https://www.dawn.com/news/1969594">serious allegations</a> of large-scale corruption against officials of
Business
Local gold plunges by Rs35,500 per tola
<p>KARACHI: The 10-gram and one-tola gold (24kt) on Friday recorded the highest ever single day drop of Rs30,435 and Rs35,500 to Rs 460,701 and Rs537,362, respectively.</p> <p>The 10-gram and one-tola silver (24kt) also fell to Rs9,489 and Rs11,069,