ISLAMABAD: Interior Minister and Pakistan Cricket Board chairman Mohsin Naqvi said on Monday that Prime Minister Shehbaz Sharif has given the green light for fans to attend all three remaining Pakistan Super League playoff matches.
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SBP raises rates 100 basis points in first hike in nearly three years as Middle East conflict fuels inflation risks
KARACHI: Pakistan’s central bank lifted its key policy rate by 100 basis points to 11.5% on Monday, delivering its first increase in almost three years as the prolonged Middle East conflict drives up global energy prices and threatens to push inflation higher in the import-dependent economy.
Pakistan opens six overland routes for Iran-bound cargo as 3,000 containers pile up at Karachi
ISLAMABAD: Pakistan has designated six specific overland routes for the transit of goods bound for Iran, clearing the way for thousands of containers that have been stuck at its ports as Tehran’s maritime access remains curtailed under the US-Iran ceasefire.
Pakistan mobilises against HIV surge as Global Fund team prepares possible inspection visit
ISLAMABAD: Pakistan’s health authorities have ordered urgent reviews of syringe regulations and disease-control programs after reports that a team from the Global Fund to Fight AIDS, Tuberculosis and Malaria may soon arrive to examine a sharp rise in HIV infections, including more than 300 cases among children in one southern district linked to the reuse of contaminated syringes.
Pakistan waives up to 50 percent of port storage fees to shield exporters from Iran war fallout
KARACHI: The minister for maritime affairs announced on Sunday storage-charge waivers of as much as 50% at Karachi Port Trust terminals, aiming to ease the financial strain on exporters whose Gulf-bound shipments have been snarled by the conflict in Iran.
Iran proposes reopening Strait of Hormuz and ceasefire before nuclear talks with US
ISLAMABAD: Iran has proposed reopening the Strait of Hormuz and formalising a ceasefire with the United States before any negotiations on its nuclear program begin, according to a senior US official and two sources familiar with the discussions quoted by Axios.
PSL final tickets go on sale as Pakistan clears fans for Gaddafi Stadium showpiece
LAHORE: Tickets for the HBL Pakistan Super League (PSL) final will go on sale from Monday, the Pakistan Cricket Board announced on Sunday, with fans set to return to Gaddafi Stadium for the first time since the tournament shifted behind closed doors because of a nationwide fuel shortage.
Pakistan exports to western, northern Europe decline despite GSP+ as US-Iran tensions disrupt trade
ISLAMABAD: Pakistan’s shipments to its largest European markets posted negative growth in the first nine months of the fiscal year, even as the country continued to enjoy duty-free access under the European Union’s Generalized Scheme of Preferences Plus program.
IMF to approve $1.2 billion Pakistan payout on May 8 after fuel-pricing overhaul
ISLAMABAD: The International Monetary Fund plans to convene its executive board on May 8 to sign off on more than $1.2 billion in fresh financing for Pakistan, the latest tranche under two concurrent programs aimed at shoring up the country’s public finances and building resilience against climate risks.
Power division directs Nepra to scrap solar licensing fees for small rooftop systems
ISLAMABAD: The Power Division has ordered the National Electric Power Regulatory Authority to eliminate licensing requirements and fees for solar installations of 25 kilowatts or less, a swift reversal after weeks of public backlash that accused the government of “taxing sunlight.”