ISLAMABAD: President Asif Ali Zardari sought to revive ties with Shanghai Electric Power Co. after the Chinese company scrapped its long-stalled $1.77 billion bid for a controlling stake in K-Electric Ltd., assuring executives that any lingering issues would be addressed as he invited fresh investment in the nation’s power grid.
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Rights lawyer lodges harassment complaint against Islamabad High Court top judge
ISLAMABAD: A rights activist and lawyer Imaan Zainab Mazari-Hazir filed a formal complaint on Monday against Islamabad High Court Chief Justice Sarfraz Dogar, accusing him of workplace harassment in the wake of a tense courtroom confrontation last week that drew widespread condemnation from legal circles.
SBP holds rates steady at 11 percent as floods threaten crop harvest, food inflation
KARACHI: The central bank kept its benchmark interest rate unchanged at 11% for a third consecutive meeting, opting for caution as floods ravage the nation’s agricultural heartland and threaten to stoke food inflation just as the economy shows signs of stabilization.
Security forces kill 31 militants in twin operations in Khyber Pakhtunkhwa
ISLAMABAD: Security forces have killed 31 militants in two separate intelligence-based operations in the restive northwest, the military said on Monday, as the country battles a surge in attacks blamed on Taliban-linked fighters backed by India.
Pakistan cricket board files ICC complaint over referee’s role in India handshake row
LAHORE: Pakistan’s cricket board has filed a formal complaint with the International Cricket Council against the match referee for Sunday’s Asia Cup clash with India, accusing him of breaching rules on the “Spirit of Cricket” by allegedly instructing the teams not to exchange handshakes.
PM Sharif proposes Arab-Islamic task force to counter Israeli aggression at emergency summit in Doha
ISLAMABAD: Prime Minister Shehbaz Sharif called on Monday for an Arab-Islamic task force to combat Israeli “aggression and expansionism,” as leaders from more than 50 nations convened under the Organization of Islamic Cooperation to craft a unified response to Israel’s airstrike on Qatar last week, an attack that killed five Hamas peace negotiators and a Qatari security officer and threatened fragile cease-fire talks in Gaza.
SBP set to hold rate at 11 percent as floods stoke inflation risks
KARACHI: The central bank is set to keep its benchmark interest rate on hold at 11 percent when its Monetary Policy Committee convenes on Monday, as fresh flooding threatens to stoke inflation in a fragile economy already strained by energy costs.
India hammer Pakistan in politically charged Asia Cup tie
DUBAI: India powered to a seven-wicket rout of Pakistan in a politically charged Asia Cup 2025 group match on Sunday, capping a one-sided affair with a controversial post-match speech from captain Suryakumar Yadav that invoked a deadly Kashmir attack and a recent border skirmish.
Pakistan defers August power dues for businesses, forgives household bills in inundated areas
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Saturday that residential electricity consumers in flood-hit areas would be exempt from paying their August bills, as the government moves to ease the financial burden on households reeling from deadly flash floods that have killed nearly 1,000 people.
FM Aurangzeb says IMF understands flood strain ahead of loan review
LAHORE: Finance Minister Muhammad Aurangzeb said the government is in close contact with the International Monetary Fund, which has shown understanding of the economic strain from devastating floods, as the lender prepares to review a $1.4 billion loan program.