ISLAMABAD: Pakistan ordered a 50% cut in fuel allocations for government vehicles and imposed a three-month freeze on official foreign travel, reviving an emergency austerity regime it abandoned less than three months ago as renewed fighting in the Middle East disrupts the shipping lanes that carry most of the country’s imported energy.
Aamir Ashraf
Security forces kill three militants in Balochistan as violence engulfs restive province
QUETTA: Security forces killed three militants in a raid in the restive south-western province of Balochistan on Thursday, officials said, the latest in a string of operations as the region grapples with a sharp escalation in violence.
Pakistan IT exports jump 17 percent as tech sector cushions trade gap
ISLAMABAD: Pakistan’s technology exports rose 17.4% in the first two months of the new fiscal year, extending a run of double-digit gains that has turned the software and call-centre industry into one of the country’s most reliable sources of foreign exchange.
Pakistan wheat tender draws $349-$370 bids, missing target volume
KARACHI: Pakistan’s state grain buyer received bids for 656,000 metric tons of wheat in its first import tender of the season, falling short of a 750,000-ton target as the South Asian nation moves to head off a supply gap flagged by its provinces.
Pakistan plans virtual power grids as minister admits theft drives outages
ISLAMABAD: The government is drafting rules for a virtual power grid that would let households and businesses generate and store their own electricity, part of a broader push to modernise a distribution network that Energy Minister Awais Leghari acknowledged is being undermined by theft and staff corruption.
July factory output rebounds 9.5 percent as autos, apparel offset textile slump
ISLAMABAD: The large-scale manufacturers staged a sharp rebound in July, with output climbing 9.5% from the prior month as a surge in automobile and apparel production papered over continued weakness in textiles, pharmaceuticals and steel — an uneven start to the fiscal year that underscores how narrow the country’s industrial recovery remains.
Fuel dealers reject subsidy plan over payment uncertainty
ISLAMABAD: The petroleum dealers are refusing to implement a government fuel subsidy program set to expand nationwide this week, escalating a standoff over who will cover the cost of discounted pump prices for millions of motorcycle and small-car owners.
Amid drone strike near Mecca, Pakistan signals defence pact is ready to activate
Pakistan’s defence minister said on Wednesday that his country stands ready to back Saudi Arabia “practically and diplomatically” against Yemen’s Houthi rebels, a pointed warning issued hours after the kingdom accused the group of attempting to strike Islam’s holiest city and the rebels dismissed the claim as fabricated.
Pakistan Hockey Federation refuses to play in India, seeks neutral venue for Asian Champions Trophy
Pakistan has formally asked hockey’s Asian governing body to strip India of next month’s Men’s Asian Champions Trophy or relocate all of Pakistan’s matches to neutral territory, deepening the sporting fallout from the countries’ fraught relationship.
Pakistan summons Indian diplomat over naval incident in Arabian Sea
ISLAMABAD: Pakistan summoned India’s top diplomat in Islamabad on Wednesday and lodged a formal protest after an Indian Navy vessel made contact with a Pakistani warship in disputed waters, the most serious naval confrontation between the two nuclear-armed nations since a four-day war last year brought them to the brink of wider conflict.