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5+ min ago (289+ words) ISLAMABAD " The federal government is weighing major revisions to schemes related to import of used cars by Pakistani citizens. As per existing laws, the Federal Board of Revenue (FBR) allows Pakistani nationals residing abroad including dual nationals to import old and used vehicles into Pakistan under three different schemes. The schemes include Personal Baggage, Gift Scheme and Transfer of Residence for import of vehicles. FBR said cars not older than three years can be imported under these schemes. Reports suggest that the potential revisions include the termination of the Personal Baggage Scheme and tightening the laws related to the Transfer of Residence and Gift Schemes. The move aims at curbing misuse. The Ministry of Commerce has submitted a summary to the Cabinet's Economic Coordination Committee (ECC) outlining these proposals. The suggested changes are designed to address concerns about the improper…...

1+ hour, 10+ min ago (220+ words) KARACHI " Saudi Riyal strengthened by 10 paisa against Pakistani rupee in open market on Tuesday as the local currency recmained unchanged against the US dollar. The buying rate of Saudi Riyal stood at Rs75.05 However, the selling rate hovered at Rs75.55. The SAR to PKR exchange rate holds great significance for overseas Pakistanis, business community and others. Pakistan received highest remittances from Pakistanis living in Saudi Arabia. A strong Riyal enhances the purchasing power of families, who receive remittances, in Pakistan. The SAR to PKR rate in the open market stands at Rs75.05 (buying) and Rs75.5 (selling) as of 2 December 2025. As Saudi Riyal exchange rate stands at Rs75.05 you can get Rs37,525 in exchange of 500 Riyals in the open market of Pakistan. Pakistani citizens or others holding Saudi Riyal can visit the registered outlets of currency exchange companies and banks to exchange them with Pakistani rupees. Meanwhile,…...

1+ hour, 22+ min ago (157+ words) KARACHI " US Dollar remains stable against Pakistani rupee with a buying rate of 281.4 and a selling rate of 281.7. Euro (EUR) is trading at 326 for KARACHI " US Dollar remains stable against Pakistani rupee with a buying rate of 281.4 and a selling rate of 281.7. Euro (EUR) is trading at 326 for buying and 328.5 for selling, while the UK Pound Sterling (GBP) is at 372 and 375.5, respectively. UAE Dirham (AED) is available at 76.65/77.4, and the Saudi Riyal (SAR) is at 74.95/75.55. Other notable rates include the Australian Dollar (AUD) at 182.5/186.5, Canadian Dollar (CAD) at 200/205, and the Swiss Franc (CHF) at 346.1/348.85. Japanese Yen (JPY) remains lower in value at 1.79/1.89, reflecting ongoing market trends. Kuwaiti Dinar (KWD) trading at 911.5/921.5, the Omani Riyal (OMR) at 729.6/739.6, and the Qatari Riyal (QAR) at 76.55/77.25....

1+ hour, 32+ min ago (92+ words) There are divided reactions to the Israeli prime minister's pardon request to President Isaac Herzog. Israeli Prime Minister Benjamin Netanyahu has asked for a presidential pardon to end the criminal prosecution against him. He says it will unite the public, but critics say he is driving further division. So, what are the long-term implications for Israel? Dan Perry " political analyst Neve Gordon " professor of human rights and international humanitarian law at Queen Mary University of London Mitchell Barak " former aide to Benjamin Netanyahu during his time at the Foreign Ministry...

1+ hour, 32+ min ago (192+ words) KARACHI " Gold prices recorded an increase in line with upward trend in international market on Tuesday, 02 December 2025. As reported by the All Pakistan Saraafa Association, the price of 24-karat gold stood at Rs446,862 per tola, while the rate for 10 grams stood at Rs383,112. Gold continues to be one of the world's most valued precious metals, prized for its rarity, resilience, and reputation as a dependable asset during times of financial instability. It is available for trading in various formats, including physical bullion, futures contracts, and exchange-traded funds (ETFs). Historically, investors have viewed gold as a safeguard against inflation and currency volatility. Key global markets for gold trading include London, New York, and Shanghai, with its price largely shaped by changes in interest rates, currency movements, and international political or economic events. Meanwhile, the rates of per tola and ten gram silver stood…...

3+ hour, 12+ min ago (244+ words) The National Institute of Maritime Affairs (NIMA) launched its seminal publication "South Asia Maritime Security Paradigm" at an impressive ceremony held The National Institute of Maritime Affairs (NIMA) launched its seminal publication "South Asia Maritime Security Paradigm" at an impressive ceremony held in Islamabad Monday. The volume brings together comprehensive analyses by leading international and national scholars examining the evolving security landscape of the Indian Ocean Region. Senator Mushahid Hussain Syed graced the occasion as the Chief Guest, emphasizing Pakistan's maritime potential and the imperative of ocean-conscious strategic thinking. Ambassador Sohail Mahmood, Director General of the Institute of Strategic Studies Islamabad (ISSI), delivered the keynote address, contextualizing the publication's strategic significance for regional stability and economic prosperity. Vice Admiral (R) Dr. Ahmed Saeed, outgoing President NIMA, outlined the publication's genesis and the institute's commitment to advancing Pakistan's maritime consciousness. Rear Admiral…...

3+ hour, 17+ min ago (282+ words) Retired employees of the Pakistan Airports Authority (PAA) on Monday alleged that they had been pushed into prolonged financial distress due to what they describe as an unjust and selective implementation of pension increases over the past five years. The former officials said that despite the authority contributing billions of rupees in taxes to the national exchequer and providing significant foreign exchange support to the country's aviation sector, its own retired workforce has been subjected to discriminatory treatment in pension payments. At the centre of the dispute is a four-tier classification system introduced by the current administration, which retirees say has no legal standing. This categorisation determines who receives annual pension increases'and who is excluded. Category 4, covering retirees from July 1, 2023, to June 2025, was granted the 2023 increase only, while the 2024 and 2025 adjustments were withheld. Retirees argue that this division directly contradicts…...

3+ hour, 18+ min ago (119+ words) All Pakistan Traders" President expresses solidarity with tenants in Bengali Property shops " President of the All Pakistan Traders" Union Ajmal All Pakistan Traders" President expresses solidarity with tenants in Bengali Property shops President of the All Pakistan Traders" Union Ajmal Baloch has appealed to the Cabinet Division of Pakistan to reconsider its decision of expelling the shopkeepers from the Bengali Market of the Aabpara Market and "auctioning the rent" of these properties4 shops which are extended into 9in the Aabpara Market. He appealed to the Cabinet Division to either allot these shops to these shopkeepers or continue the current rental system as these shopkeepers have been running their businesses in these shops for over 50 years....

3+ hour, 40+ min ago (430+ words) The death of veteran politician Ekane sparks accusations of medical neglect and intensifies the country's post-election crisis. Veteran opposition figure Anicet Ekane has died in military custody in Cameroon, his family and legal representatives have said. Ekane, 74, passed away on Monday morning in Yaounde, the country's capital, 38 days after security forces detained him in the port city of Douala, France's public radio RFI reported. His death has sparked widespread outrage and threatens to deepen the political turmoil gripping Cameroon following October's disputed presidential election, which saw 92-year-old Paul Biya claim another term after more than four decades in power. Ekane, the leader of the African Movement for New Independence and Democracy (MANIDEM), a left-wing party, was seized on October 24 after backing Biya's rival Issa Tchiroma Bakary, who has rejected official results and insists he won the vote. "For one week,…...

3+ hour, 52+ min ago (56+ words) Ukrainian President Volodymyr Zelenskyy spoke optimistically about revising the plan to end its war with Russia. Zelenskyy says US peace plan 'looks better' with new revisions After discussions with French President Emmanuel Macron, Ukrainian President Volodymyr Zelenskyy spoke optimistically about the progress made in revising the Trump administration's plan to end the war with Russia....