ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday praised his country’s “dignified participation” in an aid flotilla intercepted by Israeli forces en route to Gaza, as Islamabad condemned the move and demanded the safe return of its nationals aboard.
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Procter & Gamble to exit Pakistan operations, shift to distributor model
KARACHI: Procter & Gamble Co. plans to shutter its manufacturing and commercial operations in Pakistan as part of a broader restructuring, joining a wave of multinationals scaling back in the South Asian nation amid economic headwinds.
Govt opens talks with Kashmir protest leaders after deadly unrest
By Staff Reporter MUZAFFARABAD: Senior officials opened talks on Thursday with protest leaders of Joint Awami Action Committee (JAAC) in Azad Jammu and Kashmir (AJK)
Govt orders probe after police raid press club, journalists beaten
ISLAMABAD: The interior minister on Thursday ordered an inquiry into a police raid at the National Press Club in Islamabad where journalists were allegedly attacked, drawing condemnations from media bodies and vows of nationwide protests over what they described as an assault on press freedom.
Asian cricket chief Naqvi slams ‘fabricated’ Indian media reports over trophy row
LAHORE: Pakistan’s cricket chief Mohsin Naqvi on Wednesday hit back at Indian media reports claiming he had apologised to India’s cricket board over a trophy handover row at the Asia Cup final, dismissing the allegations as “fabricated nonsense” and accusing New Delhi of dragging politics into the sport.
Competition watchdog clears $400 mln PTCL-Telenor Pakistan merger
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) said on Wednesday the Competition Commission of Pakistan (CCP) has conditionally approved its proposed acquisition of Telenor Pakistan BV and Orion Towers (Private) Limited, paving the way for a major consolidation in the country’s telecom sector.
Inflation jumps to 5.6 percent in September, topping ministry forecast after floods fallout
ISLAMABAD: Pakistan’s headline inflation accelerated sharply to 5.6% year-on-year in September, data from the Pakistan Bureau of Statistics showed on Wednesday, dashing the finance ministry’s hopes of a contained rise after devastating floods hammered the economy.
Security forces kill 13 ‘India-sponsored’ militants in Balochistan raids
QUETTA: The security forces killed 13 militants accused of being backed by India in two intelligence-based operations in restive Balochistan province, the military said Wednesday, as the country grapples with a sharp rise in deadly attacks.
FM Aurangzeb says IMF talks “moving in right direction”
ISLAMABAD: Talks between Pakistan and the International Monetary Fund are moving in the “right direction”, Finance Minister Muhammad Aurangzeb said on Wednesday, as a review of the country’s $7.1 billion bailout programme got under way amid shortfalls in tax collections.
Pakistan clears $500 million Eurobond on time, signals debt discipline
ISLAMABAD: Pakistan has repaid a $500 million Eurobond on schedule, signalling fiscal discipline amid improving foreign reserves and a more sustainable debt profile, according to the government.