Business

Years of fiscal decentralisation have failed to narrow Pakistan’s regional spending disparities, with provincial capitals continuing to receive significantly higher public spending per person than the rest of their provinces.According to the World Bank’s Strengthening Fiscal Federalism report, cited by The Express Tribune, Quetta recorded the widest spending gap among provincial capitals. Per capita expenditure…

Dalal Street ended the last week with gains, with six of the country’s 10 most valued companies together adding more than Rs 1 lakh crore to their market capitalisation. Bharti Airtel and Bajaj Finance emerged as the biggest gains as equities ended the week on a positive note.The broader market remained firm, with the BSE…

India’s passport ranking slips NEW DELHI: India has slipped to 125th in the Global Passport Index 2026, remaining outside the top 100 despite a marginal improvement last year. After climbing to 124th in 2025 from 127th between 2021 and 2023, the country has once again lost ground and now offers visa-free access to just 26…

NEW DELHI: CBI has arrested Amit Bapna, former chief financial officer of Reliance Capital Ltd, in connection with the ongoing investigation into the Reliance ADA Group cases.Investigation has allegedly revealed that Bapna, who served as CFO at Reliance Capital Ltd from Aug 2014 to Dec 2019, was one of the key decision-makers responsible for managing…

The Centre has once again raised the price at which it will procure onions for its buffer stock, taking it to Rs 2,125 per quintal from Rs 1,875 per quintal, a 13% increase aimed at improving farmer realisations and stepping up procurement. The revised procurement price will be effective from Saturday, July 4, 2026.The latest…

India has become the world’s second-largest mobile phone manufacturer and exporter, Prime Minister Narendra Modi said on Saturday, highlighting the country’s efforts to build a complete electronics and semiconductor ecosystem.Speaking after inaugurating the CG Semi Outsourced Semiconductor Assembly and Test (OSAT) facility, PM Modi said that India was now building the entire electronics value chain,…

Union petroleum and natural gas minister Hardeep Singh Puri on Saturday pushed back against social media claims surrounding ethanol-blended fuel, saying that the government welcomes constructive criticism but not misinformation about the biofuel programme.Referring to the recent online debate, Puri said people were free to point out shortcomings in the government’s work and assured them…

As E20 ethanol-blended petrol becomes the norm across the country, concerns are rising about its impact on vehicles and safety. Industry experts have sought to soothe these concerns, saying that the fuel has undergone years of testing and is safe even for vehicles made before the E20 rollout. Executives have assured consumers over the use…

The Strait of Hormuz disruption served as a stark reminder of how vulnerable global energy supplies can be. Now, India is responding with a major push to strengthen its energy security.Prime Minister Narendra Modi on Saturday inaugurated the HPCL Rajasthan Refinery Limited (HRRL) project, the country’s first greenfield integrated refinery-cum-petrochemical complex. He also launched and…

India’s total exports in FY26 – which consists of exports of goods as well as services – stood at $0.87 trillion. (AI image) India is aiming to hit a key target this year: $1 trillion in exports. Calling it an ‘ambitious target’, Commerce minister Piyush Goyal has said that around 16-17% growth in merchandise exports…