Business

EU bans airlines from adding fuel surcharges after ticket bookings

BRUSSELS: The European Union has barred airlines from imposing additional fuel surcharges on passengers after tickets have already been purchased, reinforcing consumer protection rules…

easypaisa Bank Delivers Record Q1 2026 Results with Profit Before Tax of PKR 3.66 Bn

ISLAMABAD: easypaisa digital bank reported record financial results for the first quarter of 2026, driven by growth in digital banking services, lending activity and…

Zong highlights climate resilience efforts at Pakistan climate conference

ISLAMABAD: Telecom operator Zong highlighted its renewable energy and climate resilience initiatives during the Breathe Pakistan International Climate Change Conference 2026, as policymakers, businesses…

Middle Eastern banks expand Hong Kong operations to strengthen China links

HONG KONG: Leading Gulf banks are rapidly expanding their presence in Hong Kong as financial institutions from the Middle East seek closer access to…

Pakistan increases RMB use in trade with China to reduce dollar dependence

ISLAMABAD: Pakistan is gradually increasing the use of the Chinese renminbi (RMB) in bilateral trade with China as businesses and financial institutions look to…

PSW, TDAP sign agreement to strengthen Pakistan’s digital trade system

KARACHI: Pakistan Single Window (PSW) and the Trade Development Authority of Pakistan (TDAP) have signed a memorandum of understanding aimed at improving digital trade…

PPL revives dormant oil, gas well in Sindh after 12 years

KARACHI: An oil and gas well in سندھ’s Gambat area has resumed production after remaining shut for more than a decade, with Pakistan Petroleum…

Gold prices near Rs500,000 per tola after sharp market surge

KARACHI: Gold prices recorded a sharp increase in both international and local bullion markets, with rates in Pakistan climbing to fresh highs following a…

Pakistan to replace electricity subsidies with BISP-linked system from 2027

ISLAMABAD: Pakistan has finalised plans to replace the existing electricity subsidy structure with a targeted support model linked to the Benazir Income Support Programme…

Pakistan’s cotton and fiber exports weaken further during FY26, report shows

ISLAMABAD, May 7: Pakistan’s upstream textile sector, particularly cotton and fiber segments, continued to face export pressure during July–March FY26, according to the latest…

AI use surges among Pakistani children as experts call for stronger online safety

ISLAMABAD: The growing use of artificial intelligence tools among Pakistani children is prompting renewed calls for stronger cyber safety awareness, as new research by…

PIA announces major fare discount on Saudi Arabia flights

LAHORE: Pakistan International Airlines (PIA) has announced a major discount offer for passengers travelling to Saudi Arabia, reducing fares on flights to Riyadh and…

Gold prices surge in Pakistan as global bullion market jumps

KARACHI: Gold prices in Pakistan rose sharply on Wednesday after a strong rally in international bullion markets, reversing a three-day decline and pushing local…

FFC holds second corporate briefing of 2026, shares Q1 financial performance

RAWALPINDI: Fauji Fertilizer Company (FFC) held its second corporate briefing of 2026, where company officials shared financial and operational updates for the quarter ending…

Oil prices plunge as US-Iran talks raise hopes of ending Gulf conflict

LONDON: Global oil prices fell sharply on Wednesday after renewed diplomatic progress between the United States and Iran raised expectations of a possible easing…

China’s climate monitoring model offers Pakistan a roadmap for disaster preparedness

ISLAMABAD: Pakistan’s worsening climate vulnerability is increasing calls for stronger early warning systems and modern forecasting infrastructure, with experts pointing to China’s climate monitoring…