FACTFLOW

Business

India’s gold demand to fall in 2026 as jewellery slump offsets investment rise

<p>India’s gold demand is likely to fall in 2026 following a drop of 11 per cent last year, as a surge in prices dampens jewellery sales and offsets an uptick in investment buying, the World Gold Council (WGC) said on Thursday.</p> <p>Demand for gold

Business

ECC okays offloading 0.8m tonnes of wheat

<p>ISLAMABAD: Amid the alleged waste of public funds on managing imported wheat stocks since 2021-22, the Economic Coordination Committee (ECC) of the Cabinet on Wednesday decided to offload 800,000 tonnes of wheat — less than half of the total stock

Business

FPCCI disputes power circular debt report

<p>ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday challenged the Power Division’s circular debt report, calling it technical adjustments, accounting reclassifications, and changing goal posts without a ma

Business

Textile exporters demand relief package

<p>ISLAMABAD: Amid the government’s narrative of returning to macroeconomic stability, the country’s textile exporters upped the ante against uncompetitive energy costs, high tax rates and challenging financial costs and demanded broad-based fiscal s

Business

Gold price soars to Rs551,662 per tola

<p>KARACHI: Gold prices skyrocketed on Wednesday, with the 10-gram and one-tola rates surging by single-day record rally of Rs18,090 and Rs21,100, respectively, to Rs472,961 and Rs551,662.</p> <p>The All Pakistan Sarafa Gems and Jewellers Associatio

Business

Govt steps up efforts to revive rice exports

<p>ISLAMABAD: With rice exports under pressure, the commerce ministry has stepped up diplomatic outreach to expand market access by engaging Islamabad-based ambassadors of major rice-consuming countries, hoping to arrest and reverse the downward tren

Business

Aggressive super tax recovery opposed

<p>KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has expressed concern over the government’s move to aggressively recover super tax following the recent decision of the Federal Constitutional Court (FCC) upholding its legality.</p> <p

Business

Pakistan, Sri Lanka launch digital partnership

<p>ISLAMABAD: Pakistan and Sri Lanka on Wednesday established a Joint Working Group on IT and Digital Economy to collaborate in emerging technologies and digital transformation.</p> <p>During the 13th Session of the Joint Economic Commission (JEC) h

Business

Pakistan, China launch e-mining platform, sign several MoUs

<p>• Islamabad seeks Chinese investment to move mining beyond extraction<br />• Chinese firms invited to Minerals Investment Forum 2026</p> <p>ISLAMABAD: Amid a global race for critical minerals and rare earths, Pakistan on Wednesday reaffirmed China

Business

Super tax provisions not violative of fundamental rights, FCC holds

<p>ISLAMABAD: Disposing of a batch of appeals, petitions and transfer cases, the Federal Constitutional Court (FCC) has upheld the vires of the super tax, holding that Sections 4B and 4C of the Income Tax Ordinance (ITO) 2001 are neither discriminato

World

Border agents involved in fatal shooting of Alex Pretti placed on leave

As Trump and the Minneapolis Mayor spar over social media on immigration law enforcement, the US continues to be roiled by the killing of nurse Alex Pretti.

World

Plane crashes in Colombia, killing all 15 on board

State ariline Satena says its aircraft carrying 13 passengers and two crew "suffered a fatal accident".

World

At least five killed after Storm Kristin hits Portugal

The storm toppled trees, damaged homes and left more than 800,000 people without power.

World

Colombia launches search for missing plane carrying 15 people

Contact with the aircraft was lost just minutes before it was due to land in northern Colombia, state airline Satena says.

World

At least five killed after Storm Kristin sweeps across Portugal

The storm toppled trees, damaged homes and left more than 800,000 people without power.

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