By Staff Reporter
ISLAMABAD: Pakistan will not retaliate against tariffs proposed by US President Donald Trump’s administration, Finance Minister Muhammad Aurangzeb said on Monday, even as analysts warn the delayed levies threaten to destabilise the South Asian nation’s fragile export economy.
By Staff Reporter
KARACHI: Pakistan’s Noor Zaman staged a dramatic comeback from two games down to defeat Egypt’s Karim El Torkey in a thrilling five-game final and claim the men’s U23 World Squash Championship title on Tuesday, electrifying a packed home crowd that included squash legends, foreign dignitaries, and a tearful reunion with his mentor and grandfather, former world champion Qamar Zaman.
By Staff Reporter
ISLAMABAD: The Foreign Office said on Thursday it is seeking details from its US missions after reports emerged of Pakistani students having their visas canceled, pledging full support to those affected through its embassy.
By Staff Reporter
ISLAMABAD: Prominent Islamic scholar Mufti Taqi Usmani on Thursday urged Pakistanis to boycott Israeli-linked goods peacefully, condemning a spate of violent attacks on international fast-food outlets that prompted police to invoke anti-terrorism laws and detain dozens of suspects this week.
By Staff Reporter
ISLAMABAD: The government will seek fresh expressions of interest for the sale of Pakistan International Airlines (PIA) later this month, a move spurred by the national carrier’s first annual profit in over two decades, signaling a potential turning point in the country’s long-stalled privatization efforts.
By Staff Reporter
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) greenlit a government proposal on Thursday to slash electricity tariffs by Rs1.71 per unit for three months, from April to June 2024, tapping funds from the Petroleum Development Levy (PDL) to ease consumer costs and spur demand.
By Staff Reporter
LAHORE: Ruling Pakistan Muslim League-Nawaz supremo Nawaz Sharif met with National Party (NP) chief Dr. Abdul Malik Baloch on Wednesday, pledging to play an “active role” in addressing escalating tensions in Balochistan, a province roiled by protests over recent arrests and allegations of state violence.
By Staff Reporter
ISLAMABAD: Pakistan is deploying a high-level delegation to Washington to negotiate relief from punishing US tariffs that have pushed duties on its exports to 39 percent, threatening a bilateral trade relationship worth $6 billion annually, Prime Minister Shehbaz Sharif’s office said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s economy is showing tentative signs of stabilisation and recovery as reforms under an International Monetary Fund program begin to curb inflation and revive growth, though structural challenges and global trade risks persist, the Asian Development Bank (ADB) said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) on Tuesday reported its first annual net profit in 21 years, a milestone that could boost government efforts to privatise the debt-stricken carrier after years of losses and operational crises.
