A representational image of PIA aeroplane. — AFP/FileNet profit for current half year stands at Rs6.8b.It is national flag carrier’s first such profit since 2004.PIA’s privatisation key condition under $7b IMF bailout.KARACHI: Pakistan International Airlines posted a…
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Crude oil slumps after reopening of Hormuz drains geopolitical risk from markets
3D printed oil barrels, rising stock graph are seen in this illustration. — Reuters/FileIran allows commercial shipping through Hormuz during ceasefire.Araghchi says route fully open for remaining ceasefire period.Brent settles at $90.38, down 9.1%; WTI fell below $90.
Oil prices…
Russia ready to supply discounted oil to Pakistan, says envoy
Russian Ambassador to Pakistan Albert Khorev. — Russian embassy to Pakistan website/FileNo request received from Islamabad yet: envoy.Says Iran’s response directed at US military in Gulf.Russian envoy criticises US, Israel over Iran crisis.
ISLAMABAD: Russia’s…
Salaried class pays Rs633bn in tax, more than exporters, retailers and real estate combined
An undated image of a cashier counting Rs500 notes. — AFP/FileExporters paid Rs174 billion, down from previous year.Real estate withholding tax collections show mixed results.Retailers contribute roughly Rs70bn in withholding taxes.
ISLAMABAD: Pakistan’s salaried class…