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 … Read more

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 … Read more

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 … Read more

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 … Read more

With the India-UK trade pact set to take effect in 10 days, the finance ministry has notified the rules that will determine the origin of goods eligible for benefits under the Comprehensive Economic and Trade Agreement (CETA).The trade pact is set to come into force on July 15. The notification issued by the Central Board … Read more

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 … Read more

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 … Read more

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 … Read more

India is set to get its first bullet train ride by 2027! Union railway minister Ashwini Vaishnaw on Saturday announced that the first operational section of the bullet train project will be ready in 2027, saying that construction on the Mumbai-Ahmedabad High-Speed Rail Corridor has crossed the 80% mark.Speaking on the sidelines of the Commencement … Read more

File photo: US President Donald Trump (Picture credit: AP) US President Donald Trump has praised India’s economic performance, saying the country is “doing very well”, marking a sharp shift from his remarks last year when he described India as a “dead economy” amid trade tensions.Speaking in an interview with CNBC on Thursday ahead of the … Read more