ISLAMABAD: Iran’s foreign minister said on Saturday that Tehran had never turned down an offer to hold peace talks in Pakistan, directly challenging US media accounts that portrayed the latest round of regional mediation efforts as deadlocked.
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Petrol drops to Rs378 as govt cuts levy by Rs80 after record price shock
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday announced an Rs80-a-liter cut in the petroleum levy that will bring retail petrol prices down to Rs378 a liter starting at midnight Saturday.
Pakistan’s quiet mediation push falters after Iran refuses ceasefire talks with US in Islamabad – report
ISLAMABAD: Efforts by regional powers, including Pakistan, to broker a ceasefire between the United States and Iran have collapsed, with Tehran formally rejecting planned direct talks in Islamabad and branding American demands unacceptable, The Wall Street Journal reported on Friday.
Pakistan to repay full $3.5 billion UAE debt this month, ending rollover uncertainty
ISLAMABAD: Pakistan has decided to repay its entire $3.5 billion debt to the United Arab Emirates this month, a senior cabinet minister said on Friday, resolving weeks of speculation over whether Abu Dhabi would continue rolling over the short-term financing that had become a monthly ritual.
Fuel Shock Isn’t the Crisis. Dependence Is
In Karachi, Mohammad Kashif stood at a petrol station and filling his tank at the new price of 458 rupees a liter did not need an economist to explain what was happening to his life. He simply knew that the money he once stretched across rent, food and school fees had suddenly vanished into the petrol pump. Across Pakistan, millions are making the same grim arithmetic.
‘How will we feed our children?’: Pakistan’s record fuel price hike sends shock waves to streets
ISLAMABAD: Prime Minister Shehbaz Sharif’s top political adviser on Friday blamed an unprecedented surge in global oil prices — triggered by the escalating US-Israeli conflict with Iran — for the sharpest one-day increase in Pakistan’s petroleum prices in recent memory, insisting the government had exhausted every option to shield consumers before passing on the burden.
Imran Khan, wife seek urgent hearings to overturn Toshakhana conviction and suspend Al-Qadir Trust sentence
ISLAMABAD: Former prime minister Imran Khan and his wife, Bushra Bibi, on Friday asked the Islamabad High Court to immediately schedule their long-pending appeals to overturn a graft conviction and suspend their sentences in a separate corruption case, accusing the prosecution of “inordinate delays” and “dilatory tactics” that have kept them behind bars for years.
Sindh and Punjab unveil subsidies for motorcyclists, farmers and public transport after fuel price shock
ISLAMABAD: One day after the federal government imposed steep increases in fuel prices, the provincial administrations of Sindh and Punjab announced relief packages on Friday aimed at shielding motorcyclists, small farmers and public transporters from the impact of the hikes, while federal authorities made public transport free in the capital and halted planned toll increases nationwide.
Five killed, 13 hurt in suicide attack on police station in Khyber Pakhtunkhwa
ISLAMABAD: A suicide bomber driving an explosives-laden vehicle rammed into the rear of the Domel Police Station in this northwestern district late on Thursday, killing at least five civilians and injuring 13 others, including one police officer, authorities said Friday.
Pakistan raises petrol to record Rs458.40 a liter, diesel to Rs520.35
ISLAMABAD: Pakistan sharply increased petrol and high-speed diesel prices on Thursday, reflecting record global oil costs triggered by the escalating conflict in the Middle East, while introducing targeted subsidies to cushion the impact on two-wheelers, small farmers and key transport sectors.