ISLAMABAD: Finance Minister Muhammad Aurangzeb acknowledged that high taxes and energy costs have driven some multinational companies to exit the country, but urged those firms to update their outdated business models to align with the modern economy.
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Pakistan forms panel to resolve $32mln pipeline payment dispute with Trump-linked investor
ISLAMABAD: Pakistan’s economic overseers have moved to defuse a brewing dispute with foreign investors in a key oil pipeline, including one with ties to US President Donald Trump, forming a high-level committee to seek an out-of-court settlement and avert a potential hit to foreign capital inflows, Dawn newspaper reported on Wednesday.
Pakistan grants one-time waiver for re-export of Afghan transit cargo stuck at ports
ISLAMABAD: Pakistan has allowed Afghan importers to re-export more than 6,500 containers of transit cargo stranded at its Karachi ports, offering relief from mounting demurrage charges amid a prolonged border closure with Afghanistan that has crippled trade.
PTI pushes Achakzai again for National Assembly opposition leader role
ISLAMABAD: The opposition Pakistan Tehreek-e-Insaf party on Tuesday formally nominated Mehmood Khan Achakzai, a veteran Pashtun nationalist and ally, to lead the opposition in the National Assembly, seeking to fill a key parliamentary post that has remained vacant for nearly five months amid the country’s deepening political standoff.
Pakistan to pilot pre-immigration checks for travellers to the UAE
ISLAMABAD: Pakistan and the United Arab Emirates have agreed to establish a pre-immigration clearance system that would allow Pakistani travellers to complete border formalities at home before flying to the Gulf nation, effectively letting them bypass lengthy airport lines upon arrival and exit as if they were domestic passengers.
Three TTP militants killed in Khyber Pakhtunkhwa intelligence-led operation
ISLAMABAD: The counterterrorism forces killed three militants linked to the banned Tehreek-e-Taliban Pakistan in an intelligence-based operation in the northwestern province of Khyber Pakhtunkhwa on Wednesday, officials said, as the country contends with a persistent wave of attacks that has claimed hundreds of lives in recent months.
Pakistan says four militants killed in Balochistan security operation
ISLAMABAD: Security forces killed four militants accused of being sponsored by India during an intelligence-based operation in the restive southwestern province of Balochistan, the military said on Tuesday, amid a broader surge in attacks that has strained the country’s efforts to contain terrorism.
Fuel prices seen falling for second straight fortnight on crude dip
KARACHI: Pakistan is set to slash fuel prices by as much as 2.2% starting Thursday, offering a measure of relief to consumers and the transport sector amid volatile global oil markets.
Environmentalists challenge Islamabad’s claim that tree removals are only about allergies
ISLAMABAD: Environmental advocates and opposition lawmakers are challenging the Pakistani government’s assertion that a sweeping tree-removal campaign in the capital is aimed solely at curbing pollen allergies, pointing instead to evidence that the cuts are tied to major infrastructure projects that have stripped away acres of urban greenery.
The end of easy allies: India’s waning influence in post-Hasina Bangladesh
What started as a diplomatic dust-up between Bangladesh and India has snowballed into a full-blown rift, complete with halted visas, severed trade links and now, a brewing cricket standoff — a potent symbol in a region where the sport rivals religion in passion. “It began with messy political finger-pointing, before quickly escalating into diplomatic and trade fallout,” The New York Times said in its recent report.