A passenger Mohd Umardaraz from Bijnor Uttar Pradesh stranded at Terminal-3 Delhi airport after his flight for Kuwait is cancelled due to airspace restrictions over Iran and parts of the Middle East on March 1, 2026 in New Delhi, India. Arvind Yadav | Hindustan Times | Getty Images The first flights out of Dubai, United…
Novo Nordisk is investing 432 million euros ($506 million) in a facility in Ireland as it expands its production capacities to make the newly launched Wegovy pill, the Danish drugmaker said Monday. The news comes about two months after Novo launched its blockbuster weight loss drug Wegovy in pill form in the U.S. market, in…
Taxpayers must adopt carefully structured approach to ensure compliance while optimising tax efficiency Tax collection. Photo: file KARACHI: Capital value tax (CVT) is not a novel concept in Pakistan’s fiscal framework. It was first introduced through the Finance Act, 1989, primarily as a tax on the acquisition or transfer of specified assets, including immovable property,…
KARACHI: The Pakistan Stock Exchange (PSX) came under sustained pressure during the outgoing week, shedding 2.9%, or nearly 5,110 points, to close at 168,062 amid geopolitical tensions, cross-border security concerns and cautious investor sentiment. The decline coincided with the arrival of an International Monetary Fund (IMF) mission for the third review of Pakistan’s $7 billion…
Sources say KSA, UAE have already raised exports; oil majors, traders have suspended shipments via Hormuz This comes after Saudi last month agreed to a surprise output cut of oil cartel OPEC, the first in eight years. PHOTO: AFP LONDON/MOSCOW: OPEC+ may consider a larger-than-planned output increase of 411,000 barrels per day at a meeting…
ISLAMABAD: The Punjab Seed Corporation (PSC) will provide certified seed of six cotton varieties to farmers across the province for the ongoing early sowing campaign. Talking to Wealth Pakistan, Shahid Qadir, Director of Punjab Seed Corporation, said the varieties available for sale are SS-32, SS-102, NIAB-878, NIAB-Kiran, NIAB-Sanib and NIAB-545. He said the price of…
ISLAMABAD: In scorching criticism of the International Monetary Fund (IMF)’s highly trumpeted Governance and Corruption Diagnostic Assessment (GCDA), an independent think tank has described the report as “analytically strong” but said it compromised on politically sensitive reforms and institutional independence. The think tank’s report revealed that the IMF compromised on the independence of the National…
Envoy highlights opportunities in renewable energy, auto manufacturing & pharmaceuticals ISLAMABAD: Acting South Africa High Commissioner Rudolph Pierre Jordaan has said that South Africa is a land of infinite possibilities and one of Pakistan’s largest trading partners in Africa, offering an investor-friendly environment supported by progressive policies and a young, energetic workforce. He expressed these…
NASA is preparing to launch a mission to the moon — and it’s making history for more reasons than one. The space agency’s Artemis II launch marks the U.S.’s first journey back to the moon in more than 50 years. It will also carry the first Black astronaut and the first female astronaut to travel…
KARACHI: Gold and silver prices surged in global and local markets on Saturday. In the international bullion market, the price of gold per ounce jumped by $100 to reach $5,278. In the domestic market, the price of gold per tola increased by Rs10,000 to Rs540,562, while the price per 10 grams rose by Rs8,574 to…