Day: December 3, 2025

Minister of Foreign Affairs Jan Lipavský took part in the NATO Foreign Ministers’ meeting in Brussels on 3 December

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By Muhammad Sohail Minister of Foreign Affairs Jan Lipavský took part in the NATO Foreign Ministers’ meeting in Brussels on 3 December. The foreign ministers of the thirty-two Allied nations discussed further support for Ukraine and the strengthening of collective defence in the face of the growing threat posed by Russia and the increasing challenge represented by China. The programme also included a session of the NATO–Ukraine Council.   The Allied ministers agreed that support for Ukraine must continue — politically, militarily and financially. According to the Czech minister, the…

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Canada, Pakistan discuss GM canola trade

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ISLAMABAD: Federal Minister for Climate Change and Environmental Coordination Dr Musadik Malik met with Canadian High Commissioner Tarik Ali Khan. The meeting focused on various aspects of trade in GM canola between the two countries, particularly the limitations associated with Harmonised System (HS) codes and the need for greater clarity and efficiency in related procedures. Musadik Malik assured the high commissioner that the ministry remains committed to minimising procedural delays and ensuring that any new policies or amendments to existing frameworks are aimed at streamlining processes and facilitating both importers…

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Gold down, rupee edges up amid global cues

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KARACHI: Gold prices fell in Pakistan on Tuesday, tracking the decline in international markets, where the metal slipped more than 1% as investors took profits after a six-week high in the previous session. In global trade, spot gold dropped 1.4% to $4,173.91 per ounce by 11:09 am ET (1609 GMT), with markets awaiting key US economic data ahead of Federal Reserve’s policy meeting next week, according to Reuters. Reflecting the global trend, domestic prices also retreated. Gold rate per tola fell by Rs2,700 to Rs444,162. The price of 10-gram gold…

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FBR issues new order to tighten tracking of tax-concession imports for FATA, PATA

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KARACHI: The Federal Board of Revenue (FBR) has issued a new Customs General Order (CGO) No 8/2025 to ensure secure transportation and transparent clearance of plant, machinery, equipment and industrial raw materials imported at concessional sales tax rates for industrial units located in erstwhile FATA and PATA. The new order applies to those industrial units that are availing concessional tax rates under Clause 89 of the Eighth Schedule of the Sales Tax Act, 1990. This new procedure is a continuation of the previously enforced CGO 01/2021. In 2018, the federal…

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Pakistan’s fintech bet pays off in a new era for South Asian finance

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“Pakistan is undoubtedly a rising star in digital assets, even if this is still a “honeymoon phase” for the South Asian country in a notoriously volatile fintech segment. How Pakistan responds to its first major crypto shock will ultimately reveal the depth of its commitment.” This is what Forbes has reported on Pakistan’s current fintech landscape. Fintech’s centre of gravity in South Asia may finally be shifting, and Pakistan is emerging as the region’s unexpected powerhouse. For years, India’s dominance kept neighbouring fintech ecosystems in its shadow. Pakistan, Bangladesh and Nepal lagged…

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New research unveils impact of screentime on child’s health

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So-called ‘iPad kids’ in this generation can be seen using gadgets at every nook or corner or even in their mother’s lap. Most parents believe, it is safer to accompany their kids with gadgets instead of leaving them alone to get hurt roaming around or disturbing them while they are coping with their daily tasks, but experts think the opposite. They inform that media consumption is prevalent today, and its impact on children depends on age, frequency, content, and context. Digital media has long been part of everyday life. According…

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