World Business NewsOil prices steady as Canadian wildfires offset OPEC+ output hike
Brent crude futures rise 0.1% to $65.69 a barrel, while U.S. West Texas Intermediate (WTI) crude is up 0.1% at $63.49
Jun 4, 2025
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World Business News
World Business NewsMusk calls Trump-backed spending bill as 'disgusting abomination'
"I'm sorry, but I just can't stand it anymore," Musk wrote on his social media platform X
Jun 4, 2025
World Business NewsEU regulators step up probe into Visa and Mastercard fee practices
Regulators are examining if Visa and Mastercard’s fee structures are too complex or opaque for merchants and payment firms
Jun 4, 2025
World Business NewsU.S. airlines ask Federal Aviation Administration to delay cockpit barrier rule by two years
The FAA says it will accept public comments on the petition through June 23
Jun 4, 2025
TechSpaceX revenue to hit $15.5 billion in 2025, Musk says
The company’s growth is largely fueled by strong demand for cost-effective satellite communications and launch services
Jun 4, 2025
HeadlinesGovt plans to abolish further sales tax on unregistered taxpayers to expand tax documentation
Move aims to register entire supply chain, despite short-term revenue loss
Jun 4, 2025
HeadlinesPlanning Commission warns of higher food imports next year due to 13.5% contraction in key crops
Cotton production falls by 30.7%, maize by 15.4%, sugarcane by 3.9%, rice by 1.4%, and wheat by 8.9% this fiscal year; agriculture sector struggles lead to lower GDP growth
Jun 4, 2025
HeadlinesSeven-member committee to finalize digital payment mechanism for fuel ahead of budget
Under the proposed plan, petrol stations to offer digital payment options; cash payments to incur additional Rs2-3 charge per liter
Jun 4, 2025
HeadlinesPakistan negotiates with IMF to keep fertiliser and pesticide taxes unchanged
IMF rejects extension of tax exemption for FATA/PATA, GST set for implementation
Jun 4, 2025
HeadlinesIMF rejects proposed taxes on moveable assets, one-day-old chicks; backs digital services tax for Rs10bn revenue
Fund raises concerns over wealth tax, industry-specific targets; proposal to raise tax on dividend income from mutual funds to 20%, withholding tax on interest income also under review
Jun 4, 2025
HeadlinesPakistan seeks Turkish participation in Gwadar Port operationalisation
Prime Minister directs measures to enhance collaboration on strategic projects
Jun 4, 2025
HeadlinesMG airlifts critical parts to Pakistan, resumes HS PHEV production after supply chain disruptions
British automaker overcomes supply chain disruptions caused by geopolitical issues, restarts deliveries of locally assembled plug-in hybrid electric vehicle
Jun 4, 2025