Day: July 3, 2025

The government has expanded the sanctions list

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The government today, at the proposal of Foreign Minister Jan Lipavský, added Russian citizen Oleg Sergeyevich Osipov to the national sanctions list. Osipov is a close associate of Dmitry Medvedev, has long been spreading extremist statements, and in April made credible threats to Czech citizen Dominik Hašek. He was banned from entering the Czech Republic. Czech diplomacy is also proposing to include him on the EU sanctions list. ” This government puts the safety of Czech citizens first. No one must dare to threaten our people. The Czech Republic is…

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Govt jacks air cargo rates by up to 100% on service cost surge

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KARACHI: The Pakistan Airports Authority (PAA) has significantly raised cargo handling charges across all airports in the country, with some categories seeing increases of up to 100 times. The revised rates came into effect on July 1, according to an official notification issued in the wee hours of Wednesday. This marks the first time in five years that the cargo tariffs have been revised. The authority says the decision was approved by its executive committee and reflects the need to align fees with operational costs. Under the new tariff schedule,…

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KSE-100 hits all-time high as PSX extends rally

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Buoyed by budget clarity, falling interest rates, and sustained investor optimism, Pakistan’s equity market surged further on Tuesday, with the KSE-100 Index trading at an all-time high level. “Aggressive buying by local investors has pushed the KSE-100 Index past the 128,000 mark, gaining over 2% from yesterday’s close,” said Mohammad Sohail, CEO of Topline Securities. “The rally comes on the back of budget clarity and declining interest rates, prompting increased equity exposure from domestic investors,” he added. The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index jumped 2,572.11 points, or 2.05%,…

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Centre ends provincial electricity duty on power bills from July 1

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ISLAMABAD: In a move aimed at easing the burden on electricity consumers, the federal government has abolished the provincial electricity duty on power bills effective July 1, and has officially notified all chief ministers of the decision. Federal Minister for Power Awais Leghari has written a letter to the chief ministers of all provinces, notifying them of the federal government’s decision to scrap electricity duty and explore “alternative mechanisms” for collecting provincial levies and duties. In the letter — a copy of which is available with Geo News, the minister sought…

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