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Pakistan’s govt debt surges 13 percent to Rs77.9 trln in FY24 – central bank
KARACHI: The government debt surged 13% in the fiscal year ended June 30, reaching Rs77.888 trillion, as the nation leaned heavily on domestic and external borrowing to plug a widening budget deficit and cover escalating interest costs, central bank data showed on Tuesday.
Pakistan, China to share trade data electronically to curb under-invoicing
ISLAMABAD: Pakistan and China have agreed to exchange trade documents and data electronically to curb rampant under-invoicing that’s plagued Pakistan’s economy, as the two nations seek to deepen ties in trade, defence and technology amid ongoing regional tensions.
Nepra orders Rs1.79/unit refund on September power bills after July overcharges
ISLAMABAD: The power regulator has mandated a refund of Rs1.7856 per unit for electricity consumers in September bills, citing overcharges in July, while sharply criticising systemic governance failures that continue to drive up costs and erode grid reliability.
Pakistan strongly condemns Israeli strike on Hamas leaders in Doha, calling it a violation of Qatar’s sovereignty
ISLAMABAD: Pakistan strongly condemned Israel’s airstrike in Doha targeting Hamas leaders, terming it a “most dangerous provocation” that threatens regional peace and stability, as Prime Minister Muhammad Shehbaz Sharif conveyed solidarity with Qatar in a phone call with its amir on Tuesday.
Pakistan using foreign technology to monitor millions, censor internet – Amnesty
ISLAMABAD: The government has constructed an expansive digital surveillance and censorship network using technology from companies in Germany, China, Canada, the United States, France and the United Arab Emirates, enabling sweeping violations of privacy, free speech and other rights that suppress dissent and target activists, according to a new Amnesty International report.
Teenagers electrocuted, man drowns as monsoon depression dumps rain on Karachi
KARACHI: Three people died in rain-related accidents, including two teenagers electrocuted during downpours and a young man drowned in a swollen river, as intermittent showers lashed Karachi on Tuesday and meteorologists warned of urban flooding in Pakistan’s largest city amid a lingering monsoon depression.
Sindh braces for ‘super flood’ as Indus swells, threatens towns and farmland
KARACHI: The southern Sindh province braced for a potential “super flood” on Tuesday as surging waters from the swollen Indus River threatened to inundate towns, farmland and infrastructure, compounding a monsoon crisis that has already claimed 60 lives and displaced millions in the neighboring agricultural heartland of Punjab.
Pakistan telecom regulator says SIM data leak not from licensed operators
ISLAMABAD: Pakistan’s telecommunications regulator said an audit found no security breaches in the licensed sector after media reports alleged that sensitive mobile SIM card data, including that of Interior Minister Mohsin Naqvi, was being sold online.
Rana Sanaullah wins Punjab Senate by-election as PTI boycotts vote
LAHORE: Rana Sanaullah Khan, a senior Pakistan Muslim League-Nawaz (PML-N) leader and adviser to the prime minister on political affairs, won a Senate by-election in Punjab on Tuesday, unofficial results showed.