The French Open 2026 has taken a dramatic turn as tennis giants continue to fall, with Novak Djokovic becoming the latest major casualty after losing a gripping five-set thriller to Brazilian teenager Joao Fonseca in the third round.
(more…)Author: Faisal Shahnawaz
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Pakistan Take Lead as Debutant Arafat Minhas Stars in ODI Win Over Australia
Pakistan made a winning start to the three-match ODI series against Australia, securing a five-wicket victory in the opening match at Rawalpindi Cricket Stadium on Saturday.
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Toyota Hilux Returns in Home Market with Updated Styling and Smart Technology
Toyota has officially launched the completely redesigned Hilux in its home market of Japan, introducing a pickup truck that blends rugged capability with modern technology and everyday practicality.
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Master Changan UNI-S SUV Expected to Arrive in Pakistan Next Month
Master Changan Motors is expected to expand its SUV lineup in Pakistan with the launch of the highly anticipated UNI-S mid-size SUV in June 2026.
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23 New Cars Expected to Launch in Pakistan in 2026 Across 14 Brands
Pakistan’s automotive industry is gearing up for one of its busiest years in recent history, with 23 new vehicle launches expected between June and December 2026.
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MTO Karachi smashes May 2026 tax target ahead of deadline
Medium Taxpayers’ Office Karachi surpasses revenue goal with strong income tax and sales tax growth, boosting FBR’s fiscal outlook.
The Medium Taxpayers’ Office (MTO) Karachi has exceeded its tax collection target for May 2026, achieving the milestone two days before month-end and delivering a strong boost to the Federal Board of Revenue’s (FBR) revenue performance ahead of the fiscal year close.
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ICAP calls for crypto tax regime as digital asset adoption surges in Pakistan
Chartered accountants propose comprehensive regulation and taxation framework for cryptocurrencies in Budget 2026-27 to expand tax base and improve oversight.
The Institute of Chartered Accountants of Pakistan (ICAP) has urged the government to introduce a comprehensive taxation and regulatory framework for crypto assets in the upcoming Budget 2026-27, citing rapid growth in digital asset adoption and the need for stronger financial oversight.
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FBR chairman to review Karachi revenue drive ahead of fiscal year-end
FBR chairman Rashid Mahmood Langrial to assess tax collection performance and enforcement measures during key June visit.
Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), is scheduled to visit Karachi on June 1, 2026, to review tax collection performance and enforcement efforts during the final month of fiscal year 2025-26.
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Pakistan forex reserves rise by $58 million by week ending May 22, 2026
Central bank reserves increase to $17.147 billion as Pakistan’s total foreign exchange holdings reach $22.647 billion.
Pakistan’s foreign exchange reserves increased by $58 million during the week ended May 22, 2026, reflecting continued stability in the country’s external sector, according to data released by the State Bank of Pakistan.
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Pakistan Slashes Petrol, Diesel Prices by Rs22 Per Litre as Global Oil Market Cools
In a significant relief for the public, the federal government on Friday announced a sharp reduction in petroleum prices, cutting both petrol and high-speed diesel (HSD) rates by Rs22 per litre across the country.
With the latest revision, the new price of petrol has been fixed at Rs381.78 per litre, while high-speed diesel will now be available at Rs380.78 per litre.
The price cut is expected to provide immediate relief to consumers and ease pressure on transport and logistics costs nationwide.
According to officials, the decision has been taken in light of the continued decline in global crude oil prices, allowing the government to pass on the benefit to local consumers.
The move comes as international energy markets show a downward trend, creating space for adjustments in domestic fuel rates.
This is the second reduction in fuel prices within a short span of time. Earlier, petrol prices were reduced by Rs6 per litre, while diesel saw a cut of Rs6.80 per litre.
The latest and much larger reduction is expected to have a broader impact on inflation, particularly in transport-dependent sectors.
High-speed diesel plays a key role in Pakistan’s economy, as it is widely used in freight transport, agriculture machinery, buses, and trucks.
Experts believe the price cut could help reduce supply chain costs, which may eventually reflect in the prices of essential commodities if savings are passed on to consumers.
The government has reiterated that providing relief to the public remains a key priority despite challenging economic conditions.
It has also maintained that support measures for transport operators, motorcyclists, rickshaw drivers, and small businesses will continue as part of its broader economic relief strategy.
On the global front, crude oil prices continued to slide on Friday. Brent crude fell nearly 2% to around $91 per barrel, while US West Texas Intermediate (WTI) dropped to about $87 per barrel.
Market analysts note that easing geopolitical concerns and expectations of stable supply have contributed to the recent decline in oil prices.
If this trend continues, further adjustments in domestic fuel prices may be seen in upcoming reviews, offering additional relief to consumers and businesses.